News
Naver backs out of eBay Korea acquisition bid
Naver backs out of eBay Korea acquisition bid
This leaves Shinsegae as the sole bidder for the e-commerce firm.
Fire engulfs Coupang warehouse
Public outcry sparked following the death of a firefighter.
Shinsegae’s E-Mart24 expands to Malaysia
Local firm UFH plans to open 10 E-Mart24 stores in the country by the end of 2021.
Rising need for convenience boosts Australia’s foodservice
Only quick service restaurants recorded growth in 2020.
Shinsegae to acquire 80% stake in E-Mart for $3.05b
It will invest over $884.36m (KRW1t) over the next four years in warehouses.
Weekly News Wrap: Chinese consumers flock to homegrown brands; Malls closed down in India’s Maharashtra
And challenges lie ahead for Singapore’s aim to be Asia’s e-commerce hub.
Alibaba invests $1b for cloud investment across APAC
It will launch data centres in the Philippines and Indonesia.
Organised pharmacy retail on the rise in the Philippines
Manila, Central Luzon and Bicol have been the key target regions for new pharmacies.
HKEX-listed Cafe de Coral plans China expansion
It is looking to penetrate residential areas in Tier 1 cities.
California Pizza Kitchen opens Hong Kong restaurant
It is looking to open four locations in the city by end-2022.
Coupang launches $195m distribution centre in Busan
It is expected to be completed by 2024.
Lenovo Lecoo’s stores will go online with Dada’s JDDJ
Lecoo aims to launch 600 stores in the coming year.
South Korea’s bakeries rapidly expands to foreign markets
For instance, Tous Les Jours is selling two to three times more than competitors.
South Korea’s TV commerce firms foray into live broadcast
The country’s live commerce market has been growing at a rapid pace.
Domino’s buys stake in Taiwan operations
It plans to expand to 400 from 138 stores in the market in the long term.
India’s retail recovery tipped to extend to 2022
Real household spending is not expected to hit pre-pandemic levels by 2021.
Shinsegae-led consortium wins eBay Korea bidding
This will mark the largest M&A deal in the country in H2 2021.
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1. Foodpanda automates ‘dark stores’ in Singapore to speed up deliveries 2. Indonesia e-commerce market to hit $46.6b by 2025 3. Tim Hortons launches packaged coffee in South Korea 4. Malaysian retailers told to prioritise technology, consumer-centric approaches 5. Unlock the power of AI in solving supply chain challenges with RELEX SolutionsResource Center
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