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Weekly News Wrap: India’s quick commerce boom raises road safety concerns; Hong Kong fund divests Burger King businesses
Weekly News Wrap: India’s quick commerce boom raises road safety concerns; Hong Kong fund divests Burger King businesses
And Starbucks expands delivery services in China via a Meituan tie-up.
Consumers’ financial insecurity hit APAC’s retail sector
Nearly nine in 10 consumers went through phases of financial insecurity in Q4 2021.
Lotte Group acquires entire stake in Ministop Korea for $263m
Lotte will take over 2,600 Ministop stores across South Korea.
Starbucks launches interactive experience centre in Indonesia
The centre teaches customers about Starbuck’s coffee making process.
Philippines eases minimum paid-up capital for foreign retailers
The Philippines has lowered the minimum paid up capital to $488,000 from $25m.
Robinsons Retail to buy 100% stake in Ministop Philippines
It will acquire the remaining 40% shares of Ministop Japan in February.
Popeyes opens first store in India
More stores will be opened in New BEL and Kammanahalli.
‘Solid growth’ in consumer spending seen in Malaysia: report
Real household spending is projected to rise 5.1% year-on-year.
Here are the top 10 consumer trends to watch in 2022
Access and action will drive these consumer trends, according to Euromonitor International.
Weekly News Wrap: Alibaba mulls $10b fundraising for Freshippo; JD launches robotic shops in Netherlands
And Uniqlo raised prices for some products due to high production costs.
South Korea’s retailers boosted by private brand products
The high inflation in the country has led to a boost in sales in cheaper private brands.
CU launches 50th convenience store outlet in Malaysia
The company is targeting to open more than 500 stores in Malaysia in five years.
Australia household spending to grow 3.5% in 2022: Fitch Solutions
Recovery of consumer spending relies on the vaccination against COVID-19.
Shake Shack to open 10 Malaysian stores by 2031
The burger stand operator is present in five Asian markets.
Reliance invests $200m in quick commerce player Dunzo
The delivery company is seeking to expand its operations to 15 Indian cities.
Weekly News Wrap: Delhi court halts Future-Amazon arbitration; 7-Eleven China fined over calling Taiwan a nation
And Walmart clarified they did not deliberately remove Xinjiang products on its app.
Brazil-based meat supplier marks retail foray into China via JD
JBS will offer a wide selection of beef products from several countries.
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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