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26.11.25 - 10:54
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Hong Kong retail funds hit record pace, surpass 2024 full-year total (SCMP)
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Hong Kong retail funds booked gross sales of US$82.6 billion in the first three quarters of this year – surpassing the full-year total for 2024 – as inflows into fixed-income products surged, according to data from the Hong Kong Investment Funds Association (HKIFA).
Gross sales jumped 35 per cent year on year. Net sales reached US$15.7 billion year to date, the highest level in the past decade and 44 per cent higher than a year earlier, exceeding the US$12.3 billion of net inflows recorded for......
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26.11.25 - 02:06
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US, Chinese firms add AI shopping bells and whistles to dominate all-in-one apps (SCMP)
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US and Chinese artificial intelligence players are ramping up integration of e-commerce solutions in their flagship consumer products in a race to become the “everything app” of the future.
OpenAI on Monday unveiled a “shopping research” tool. The function, which can generate detailed shopping guides for ChatGPT users, comes just before the busy holiday shopping season and resembles popular AI shopping services on Chinese e-commerce platforms such as Tmall and Taobao of Alibaba Group Holding.......
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25.11.25 - 19:12
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B&Q owner looks fine – fears for other firms if ′softening′ retail market turns soggy (The Guardian)
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Kingfisher raises profit expectations for financial year from £480m-£540m to £540m-£570mJust what an embattled chancellor needs on the eve of a tax-raising budget: a leading retailer upping its profits forecast and singing about the joys of the UK economy.Unfortunately, only the first bit is true. Kingfisher, owner of B&Q and Screwfix (and similar businesses in France and Poland), raised its profit expectations for its current financial year from £480m-£540m to £540m-£570m. Continue reading......
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