Staff Reporter
Alibaba Group records $3.2b net loss in September 2022 quarter
Alibaba Group records $3.2b net loss in September 2022 quarter
Its revenue increased by 3% YoY to around $29.1b.
Cainiao revenue up 26% YoY to $2.57b in Q2 FY23
Over 70% of its revenue was from external customers.
L’Oréal Groupe, partners unveil luxury beauty brand SHIHYO
Its flagship store will open in South Korea.
Deliveroo’s Australian exit raises need to modernise food delivery
Deliveroo recently announced it will stop operations in Australia.
Deliveroo exits ‘highly competitive’ Australian market
In the first half, Australian businesses only accounted for 3% of Deliveroo’s GTV.
Consumer spending in China to see ‘steady growth’
Spending is projected to grow by 6.5%YoY in 2023.
Suntory net profit grows 14.5% in first nine months
Its net profit amounted to JPY68b.
AllHome posts P702m profit in first nine months
Its revenue stood at P9.10b over the same period.
Central Retail profit soars over 150% in Q3
Its profit stood at THB1.25b.
PUMA’s Forever Faster Sprint to Build Customer Loyalty in SEA
Engaging Regular Customers Is more Cost-Efficient than Acquiring New Ones.
South Korea's small stores lag behind big department stores in sales
Small supermarkets and groceries only saw a 0.4% sales growth.
Weekly News Wrap: Chinese brands dominated Singles Day best-sellers; Alibaba did not disclose 11.11 sales for the first time
And Shein opens its first physical store in Tokyo.
Inflationary pressure slowing retail sales in Vietnam: report
Retail sales growth fell from 36.1% in September to 17.1% in October.
Philippines’ consumer spending to rise 5.5% YoY in 2023
This is slower than the 7.6% YoY forecast this year.
Consumer spending in Vietnam to see ‘solid growth’ in 2023
Spending is expected to increase by 7.3% year-on-year.
Shakey’s Pizza net income reaches P454m in first 9 months
This is coming from a P35m loss in the same period in 2021.
South Korea’s Coupang to remain profitable amidst funding crunch: report
The company’s net profit stood at $91m in the third quarter.
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