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Weekly News Wrap: Alibaba’s e-commerce domination under threat; Ikea to invest $1.19b in two New Delhi malls
Weekly News Wrap: Alibaba’s e-commerce domination under threat; Ikea to invest $1.19b in two New Delhi malls
And traditional crafts retailer FabIndia mulls a $500m IPO.
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1. Jollibee granted approval to remove foreign ownership limit 2. Global e-commerce market to reach $11t by 2028 3. Taobao, PapaHome partner to launch first furniture superstore in Hong Kong 4. Philippine retail market to see $66.35b growth by 2028 5. K-beauty brand ANUA partners with Ulta Beauty to expand in USResource Center
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Industry leaders also cited the importance of adopting omnichannel strategies.
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