Staff Reporter
China’s Dingdong authorises $20m share repurchase programme
China’s Dingdong authorises $20m share repurchase programme
The company may implement proposed repurchases until 28 January 2025.
Lazada CEO appointed as Daraz’s acting CEO
James Dong succeed Daraz founder Bjarke Mikkelsen in the role.
Nurturing connections: How La Vie embarked on brand revitalisation through the youth
La Vie clinches Customer Experience Initiative of the Year in Vietnam with groundbreaking efforts in cultivating emotional bonds between people and the natural world.
Duck Donuts to enter Philippine market with 25 target locations
It made the largest international franchise agreement with Bravo Foods Corp.
Salomon expands to Southeast Asia with Singapore store
The new brand store is located at Raffles City.
Yoshinoya unveils discount e-card for transformative dining experience
Yoshinoya’s “Privilege Pass” provides customers with discount prices for various products.
Chinese consumers buy luxury items abroad due to pricing gaps
Domestic luxury spending is seen to decline to 70% from 90% during the pandemic.
China’s luxury market up 12% YoY in 2023
However, it has not yet fully recovered to 2021 levels.
Alibaba.com inks partnership with Alioth to support SMEs
Through the deal, Alioth will be given access to Alibaba’s online tools and sales channels.
Domino's Pizza China's 10 new stores achieve record first 30-day sales
DPC Dash now holds 17 of the 20 top Domino's stores worldwide.
Major skincare company Neora buys cosmetics producer ACN Korea
The purchase of ACN Korea will drive Neora’s growth in the APAC region.
JD Worldwide opens Paris warehose for cross-border purchases to China
The fashion goods warehouse will contain over 100 brands.
Fila appoints new Global Brand President
Klein has previously served as President of Fila USA.
Jollibee’s Mang Inasal installs solar panels for Zamboanga stores
Both Sindangan and Molave branches generated 48,000 KWh.
FMCG spending up 6.1% YoY in 2023
This is mainly driven by inflation.
JD.com inks deal with UK’s Evri for growth of European brands in China
The partnership will allow British and European products to over 600 million users in China.
Giordano expands footprint in Middle East
The stores are located in UAE, Qatar and Kuwait, with two in the latter.
Commentary
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Protecting Indonesia’s retail businesses through resilient cellular connectivity
Why e-commerce winners in SEA are rethinking operating models