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Alibaba unveils use of proceeds from $1b sustainability bond
Alibaba unveils use of proceeds from $1b sustainability bond
Most of the net proceeds were used in constructing green data centres and buildings.
Weekly News Wrap: Hong Kong residents raid supermarket shelves; Seven & i urged to focus on 7-Eleven business
And Alibaba-backed Huitongda Network to price its Hong Kong IPO at bottom of range.
Vietnam’s retail sector shows signs of recovery: report
Sales grew for the first time without a low base in the last two months of 2021.
Australia’s retail sales volumes rise 8.2% in Q4 2021
Thanks to the rise in sales in discretionary industries, following a lockdown in the previous quarter.
Homeplus fined $2m for passing promotion costs to suppliers
Its supermarket unit had made its suppliers shoulder costs worth $1.42m.
South Korean retailers cut back on promotions
Department stores and malls have shut down promotional events due to quarantine protocols.
Zomato posts INR2.7b loss in Q3 2022
This is an improvement from INR3.1b loss in the previous quarter.
Henkel to acquire Shiseido’s APAC Hair Professional business
Shiseido will retain 20% share in the Japanese entity to back business growth.
Malaysia’s wholesale, retail trade sales reach $310b in 2021
Wholesale and retail trade sales in December grew 3.5% YoY to $28.8b.
Apple opens newly expanded Abu Dhabi store
The store double its original size back when it launched in 2015.
Suntory Beverages to make 50% of its bottles from recycled materials
This is in line with its 2030 target to use 100% sustainable PET bottles.
JFC sets $347.4m capital expenditure for 2022
A portion will be used for their new stores and renovations.
KFC Singapore eyes 40% increase in breakfast sales in next 3 years
The fast-food chain will be increasing its ad spend to achieve this.
Vietnam’s retail sales recover after two years of 'underperformance'
The industry grew by 1.1% and 1.3% in November and December last year.
Breitling opens largest flagship store in South Korea
The two-storey Breitling Townhouse in Hannam includes a restaurant and café.
Vietnam’s household spending to rise 5.7% YoY to $123.4m in 2022
This is due to the expected gradual lifting of restrictions this year.
Amazon India to launch initiatives for women entrepreneurs in Karnataka
The company will extend the benefits of its “Saheli” program to train women merchants.
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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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