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Are Hong Kong retailers ready for a cashless society?

How can retailers unleash the power of artificial intelligence Tofugear, in partnership with payments platform Wirecard, has taken a deep dive into the digital payments landscape in Hong Kong, which has been encapsulated in The Digital Payments Landscape in Hong Kong 2019 report. For this research study, we surveyed 1,000 Hong Kongers to find out more aboutContinue reading “Are Hong Kong retailers ready for a cashless society?”

Powering Retail Image Recognition Innovation with True AI

Powering Retail Image Recognition Innovation with True AI Last week, Tofugear’s CEO was on stage at the Microsoft Future Now Conference 2019 in Manila to showcase our company’s latest innovation with AI and share his vision for how AI will shape the retail industry, both in the Philippines and in Asia overall. In the past,Continue reading “Powering Retail Image Recognition Innovation with True AI”

How China’s New Ecommerce Law Is Impacting Retail

How China’s New Ecommerce Law Is Impacting Retail China has enacted a new ecommerce law from January this year, which is having a ripple effect on retailers, independent sellers and consumers. Perhaps not so surprising given that ecommerce accounts for close to a quarter of all retail sales In China. The new law has beenContinue reading “How China’s New Ecommerce Law Is Impacting Retail”

Physical Retailers Should Embrace Cross-Channel Shopping Behaviour

Physical Retailers Should Embrace Cross-Channel Shopping Behaviour Shopping habits in Asia have changed over the last decade, with many consumers’ shopping journeys likely to incorporate multiple channels such as mobile, online or stores. But what are the drivers behind this cross-channel behaviour and how can store-based retailers ensure that they do not lose out toContinue reading “Physical Retailers Should Embrace Cross-Channel Shopping Behaviour”

Six Key Trends That Shaped Retail in Asia in 2018

Six Key Trends That Shaped Retail in Asia in 2018 As we move into the New Year, it is worth looking back at the retail trends that emerged in Asia in 2018. Spoiler alert: voice ordering technology or virtual reality are not among them. However, the six trends that Tofugear’s research team have identified lookContinue reading “Six Key Trends That Shaped Retail in Asia in 2018”

How Confident are Asian Retailers with Innovation?

Six Key Trends That Shaped Retail in Asia in 2018 Asia is increasingly cast as being at the forefront of retail innovation, but arguably much of this emanates from China – where retail giants such as Alibaba and JD.com seem to come up with radical new initiatives on almost a weekly basis. When Tofugear conductedContinue reading “How Confident are Asian Retailers with Innovation?”

Is Gen Z the Saviour of Bricks and Mortar?

Is Gen Z the Saviour of Bricks and Mortar? “80% of Gen Z prefer to shop in-store” “Gen Z prefers to shop in-store versus online” “Gen Z shoppers prefer physical retail These are but some of the headlines that have emerged in recent years on Generation Z – the demographic cohort that follows those peskyContinue reading “Is Gen Z the Saviour of Bricks and Mortar?”

Five Key Takeaways from Inside Retail’s Social Media Masterclass

Five Key Takeaways from Inside Retail’s Social Media Masterclass The Tofugear team joined a deep dive session into social media marketing at Inside Retail’s Social Media Masterclass this Wednesday. The event included speaking slots from Isabel Zisselsberger (KPMG), Nathania Christy (TrendWatching), Katheryn Lui (Isobar), Marina Bay (BeFast.tv), Arthur Yuen (Facebook, Greater China) and Rita Simonetta (Sands China) who took us through the ever-changing social media landscape and how traditionalContinue reading “Five Key Takeaways from Inside Retail’s Social Media Masterclass”

How Shopping Malls Survive in Hong Kong

How Shopping Malls Survive in Hong Kong When a mall closes in the US, another one opens in Hong Kong. Perhaps an exaggeration, but Hong Kong is not remotely close to facing the same turmoil as in the United States, with for instance retail sales showing a healthy 12.9% growth in May (HKRMA). So howContinue reading “How Shopping Malls Survive in Hong Kong”

Recap of Retail Asia Expo 2018

Online marketplaces – the future of retail? Retail Asia Expo 2018 is officially over and it has been another successful edition for the Tofugear team. Here we summarise some of our highlights from the three-day event. The Tofugear Booth Our booth attracted a steady stream of visitors and it was our pleasure to demonstrate howContinue reading “Recap of Retail Asia Expo 2018”