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South Korea's SK Group buys 16.3% stake in VinCommerce
South Korea's SK Group buys 16.3% stake in VinCommerce
They will collaborate to invest in retail, logistics, and electronic payments.
South Korea's SK Group buys 16.3% stake in VinCommerce
They will collaborate to invest in retail, logistics, and electronic payments.
Indonesia to see retail sales recovery in Q2
The country’s consumer confidence saw a slight month-on-month uptick in February.
South Korea's supermarkets ramp up fresh-food and delivery services
GS’ one-hour delivery service saw a 457% surge in demand between December 2020 and March 2021.
Reliance Retail extends completion date of Future Retail acquisition
Amazon has formally objected to the deal, putting the transaction under dispute.
Recovery in sight for Japan's retail sales
Consumer confidence has improve, but is not yet hitting pre-pandemic levels.
Masan Group's VinMart renamed as Winmart
The company plans to expand its outlets by 30,000 stores over the next five years.
Shopee to ramp up focus on K-beauty brands
It has tied up with Amorepacific to expand it’s digital reach in Southeast Asia and Taiwan.
Alibaba fined $2.8b over anti-monopoly regulations
The company will also need to submit a compliance report for three consecutive years.
Weekly News Wrap: Japan's izakaya bars sees surge in bankruptcies; Hong Kong shop raided over ‘content labelling'
And Starbucks aims to eliminate disposable cups in South Korea by 2025.
South Korea's retailers scramble to ride the live commerce wave
Online platforms such as Naver and Kakao have joined in, ahead of retailers.
CU launches first convenience store outlet in Malaysia
About 60% of its products are made up of South Korean goods.
Pinduoduo hailed as world's largest ecommerce platform
However, IGD has warned that its current business model may not be sustainable over the long term.
Alibaba to roll out Taobao Deals on Tencent's WeChat
This move may have been prompted by a tightening of antitrust regulations.
Lotus's Malaysia unveils first flagship store in Kuala Lumpur
The company is hoping to rebrand 15 stores by June, and 62 by year-end.
Don Quijote's online shop opens to the Philippines and Indonesia
It has also opened more shipping options, for international delivery.
Siemens to roll out products in JD's offline stores
The industrial company is looking to meet the demands of customers in lower-tier markets.
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