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Tencent invests $100m in online grocery startup Xingsheng
Tencent invests $100m in online grocery startup Xingsheng
Analysts expect the startup’s current funding round to be followed by an IPO.
South Korean retailers compete over same-day delivery
Online sales doubled for Lotte Mart’s stores that offer Delivery Now services.
Reliance Retail partners with Kirana stores for online delivery
It has tied up with nearly 60,000 kiranas, and has plans to enroll more by April.
Weekly News Wrap: Uniqlo unsure on future pandemic impact; Reliance mulls bringing e-commerce app in WhatsApp
And Samsung Electronics heir was sentenced over bribery charges.
Five trends Asia's groceries will carry over in 2021
The previous year saw a rise in delivery provider tie-ups and omnichannel evolution.
BHG Singapore to take over Robinsons in Raffles City
The new concept store is a collaboration between BHG and Raffles City.
Top Japanese retailers beef up omnichannel segment
The stores are expanding delivery services as more consumers work remotely.
Hong Kong's retail rents to bottom out in H1 2021: report
Tourist visits are projected to rebound by 150% to around 9.8 million in 2021.
Watson Group reaches 16,000 stores in 180th anniversary
The company saw an accelerated demand for O+O experience in 2020.
Indonesia's retail sales down 14.9% in October
The clothing sector recorded the sharpest fall at 58.1%.
Over half of Singapore shops worry on 2021 survival
Around nine in 10 expect their business to take hit if tourists do not return by mid-2021.
Alibaba records strong sales within first hour of 11.11
Over 13 brands surpassed RMB1b gross merchandise value as of 00:35.
Filipinos turn to mass groceries to buy coffee products
However, a growing youth population could offer opportunities for premium coffee in the longer term.
Weekly News Wrap: China drafts rules on livestreaming sales; Diwali festival boosts lacking for India's jewelry stores
And Alibaba and JD.com hit a record $115b sales in Singles Day event.
E-commerce experts reveal steps in improving customer experience
Growth is predicated on customer experience, they said.
South Korean Amorepacific's profit plummeted 93.7% to $6.43m in Q3
Domestic sales fell amidst weaker international tourist arrivals.
Shopee, Visa announce five-year regional partnership
They will incentivse MSMEs in digitalising their businesses.
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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