News

What does ‘gold standard’ mean for Asia’s payments and e-commerce scene?

The market’s diverse challenges open the door for solutions that tackle country or region-specific issues.

KKR buys stake in India’s Vini Cosmetics for $625m

The beauty brand has 700,000 points of sales in the country.

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.

Lenovo Lecoo’s stores will go online with Dada’s JDDJ

Lecoo aims to launch 600 stores in the coming year.