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South Korea recycles 95% of its food waste

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02-Jul-19 The WEF has identified cutting food waste by up to 20 million tons as one of 12 measures to transform global food systems by 2030. South Korea is taking the lead by recycling 95% of its food waste. [image: BRINK]

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TikTok hit USD9 mn in in-app purchases, up 500%

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19-Jun-19 Popular short-form video app TikTok, developed by China's ByteDance, has been slowly ramping up its advertising strategy. However, the company still generates revenue from in-app purchases, and that number hit a high of USD9 million in May 2019. [image: TechCrunch]

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Major e-commerce players have stalled in Brazil

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18-Jun-19 The rising tide of international e-commerce has been slow in fully spreading throughout Latin America’s biggest market, but Brazil's e-commerce market is now thriving. Mercado Livre is the country leader, with Amazon now putting on the pressure. [image: Admitad Report]

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Alibaba invests USD100m in Russian e-commerce

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09-Jun-19 China’s e-commerce giant Alibaba and Russia’s RDIF sovereign wealth fund will each invest USD100 million in a Russian joint venture, and Alibaba will contribute AliExpress Russia into the joint venture. This consists of Alibaba's Russia-based domestic and cross-border operations. [image: Retail News Asia]

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Travel trends shift as UAE residents explore new destinations

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28-Apr-19 Travel marketplace Wego ranks Egypt first for MENA travellers, followed by India, Saudi Arabia, Turkey and USA. "55 percent of travellers in 2019 booked a 12+ day flight compared to 39 percent in 2018," said Mamoun Hmedan, Director, Wego. [image: Alamy / Khaleej Times]

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