Staff Reporter
Weekly News Wrap: Pinduoduo launches US shopping site; Uniqlo shines in America on COVID-triggered revamp
Weekly News Wrap: Pinduoduo launches US shopping site; Uniqlo shines in America on COVID-triggered revamp
And Korean cosmetics firm Amorepacific to buy skincare brand Tata Harper.
Consumer confidence rebound to boost China's foodservice sector
Chain operators are expected to grow at a higher rate across all channels.
Jollibee shows stronger performance in H1 22 despite closures in China
Reimposition of strict lockdown measures globally may pose risk.
Reliance Retail may bring India’s first major carbonates private label
This followed its acquisition of Campa Cola.
L’Oreal net profit climbs to €3.22b in H1
This is up from €2.36b in the same quarter last year.
How brands can craft the right ‘Shoppertainment’ strategy
They should tell a story and be authentic.
Shoppertainment could open $1t opportunity for APAC brands: report
It will grow by 63% annually across markets.
China’s foodservice profit to grow 2.6% through 2026
It is projected to reach $1.09t in 2026.
Instant coffee to boost South Korea’s hot drinks market
It is projected to be valued at $5b in 2026.
Philippines’ FRUITAS launches cloud kitchen 'Nube Kuxina'
It will feature food brands, such as Balai Pandesal, and Ling Nam, amongst others.
Alibaba’s Ele.me launches mini-programme in Douyin
Customers can now place orders through the social media app.
Muji to launch first store in Macau
The new store is set to be the largest in the Hong Kong and Macau region.
South Korea’s retail sales grow by 9.7% in July
This is due to the increase in outdoor activities.
Meta, Jio Platforms launch JioMart on WhatsApp
This is the first end-to-end shopping experience on WhatsApp.
Weekly News Wrap: India e-commerce firms ramp up hiring; US-based investor eyes IPO for $2.5b India mall portfolio
And Yonghui Fresh Food is planning to raise $120m before its Hong Kong IPO in 2023.
Shenzhen’s retail market supported by government initiatives: report
The outbreak is still slowing down the city’s retail recovery.
Watson beefs up O+O capabilities with $400m investment
This will help create a customer-centric supply chain network.
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