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Weekly News Wrap: Suning's shareholders to sell 20%-25% stake; Tim Hortons China to add over 200 shops in 2021
And Reliance Retail’s Mukesh Ambani was hailed as the wealthiest man in Asia.
Weekly News Wrap: China's e-commerce firms fight against looming food crisis; Amazon revealed to dodge Indian regulators
And community grocery app Xingsheng Youxuan bags $2b in funding round.
Shopee, Amorepacific sign memorandum to boost K-beauty growth
The memorandum also aims to strengthen regional partnership between the two parties.
Tata's backing offers competitive edge for India's BigBasket
The conglomerate is in the final stages of buying a 60% stake in the retailer for $1.3b.
APAC to dominate global value apparel market by 2024
A growing middle class makes China and India an attractive market for low-end fashion brands.
Japan's convenience stores look to get back growth
Some stores are beginning to test small minimart grocery formats.
South Korea's craft brewers urge to allow online sales of beers
Over half of the country’s small craft brewers are now under restructuring.
Tech improvements boost India's online fashion retail market
A growing e-commerce has also been gaining grip in the country.
Vietnam's retailers, restaurants to enjoy recovery in 2021
Spending in consumer categories outside of F&B will see a double-digit rise.
South Korea's department stores tap into customers' 'sensibility'
Shinsegae launched a lifestyle content section, whilst Hyundai introduced magazine content.
Uniqlo Singapore to open new store at Tampines Mall
It will be a bigger store than its first launched at Tampines.
Apple to open more retail stores in India
The company found that its business in the country doubled in Q1 FY2020.
Longer lockdowns loom over Malaysia's retailers in H1 2021
Restrictions on shopping malls and crowded stores will likely be the last to be lifted.
AEON to expand online offering with US-based Boxed tie-up
It will roll out a storefront platform for its virtual mall by Q2.
FairPrice opens first hypermarket with cocktail bar
It also has a dine-in area that focuses on local brands.
Amazon halts Pantry delivery service in India
This is expected to help the company in simplifying its grocery proposition.
Most Read
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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