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Retail groups start counting the cost of last week’s looting and vandalism By Sandile Mchunu Share RETAILERS are starting to count the cost of the impact of the past week’s looting and violent protests that ravaged their outlets in KwaZulu-Natal and parts of Gauteng. Pepkor Holdings said on Friday that 489 of its retail stores, or 9 percent of its overall portfolio, had been damaged and looted. The Steinhoff International subsidiary said its operations has been impacted by the civil unrest of the past week. The damaged properties include one of the JD Group’s distribution centr...

Total0 Alibaba establishes Artificial Intelligence Governance Laboratory Today, Alibaba announced the establishment of Alibaba Artificial Intelligence Governance Laboratory (AAIG). The laboratory will focus on sustainable, reliable, credible, and usable artificial intelligence technologies and applications, by building a trust mechanism for the digital economy, punishing behaviors that endanger the interests of businesses and users, protecting and encouraging innovation, and promoting the healthy development of the platform economy. JD.com releases intelligent research and analysis terminal "...

June 27, 2021 Reuters file photo Collaboration with Chinese online delivery platforms has helped Carlsberg China reach more customers in the world’s biggest beer market , helping it buck the decline seen in the wider industry caused by consumers cutting down on eating and drinking out last year. And while the worst of the impact of the Covid-19 pandemic has largely subsided, digitalisation will stick around as a key strategy at Carlsberg, said Lee Chee Kong, president of Carlsberg China. “We see digitalisation as one of our strategic priorities. In the post Covid-19 era, we will increase ...

iTWire Wednesday, 23 June 2021 07:43 digiDirect appoints Coward and Westworth to lead category expansion Shares digiDirect computers and mobile category manager Richard Coward Camera retailer digiDirect is expanding into computers, mobile phones, gaming and streaming products, and has made two appointments to support the move. "We are very excited to welcome Richard Coward and Joel Westworth into these important roles that will lead digiDirect's growth strategy," said digiDirect general manager Sina Clayton. "We have worked hard and invested heavily to achieve our position i...

"Koos Bekker and Bob van Dijk will have a much smaller empire, but will be much richer. They will still have a significant company to run."