Staff Reporter
Alibaba, Pinduoduo amongst top 25 retailers globally
Alibaba, Pinduoduo amongst top 25 retailers globally
E-commerce platform JD.com also made it to GlobalData’s list.
Reliance Retail profit climbs over 100% in Q1
Its net profit stood at $261m.
Alibaba Group to apply for primary listing on HKEX
The listing process is expected to be completed before year-end.
MICHAEL KORS debuts on JD.com
JD.com now features over 300 premium brands.
Pandamart Hong Kong posts 53% YoY increase in turnover
Sai Ying Pun led the order chart with a 144% YoY surge.
J&T Express expands to over 1,900 depots in Vietnam
It launched in the market in 2018.
L’Oreal achieves carbon neutrality across all North Asia sites
This covers Mainland China, Japan, South Korea, Hong Kong, and Taiwan.
Reliance Brands brings Italian luxury brand Valentino to India
Its first boutique will open in Delhi.
Mall of Dilmunia wins Marketing Initiative of the Year at the Retail Asia Awards 2022
It won for its “Pop Up By Miraia” project in Bahrain.
South Korea’s Fresheasy to launch products in Singapore online
The company plans to expand sales in Southeast Asia.
LVMH’s Fendi launches flagship store on JD.com
The brand has launched a new capsule for the incoming Chinese Valentine’s Day.
Weekly News Wrap: Freshippo seeks lower funds at $6b valuation; Uniqlo owner's performance to hint China's recovery prospects
And Shein seeks an IPO in the United States as soon as 2024.
Indian restaurants face dilemma amidst service charge ban
Restaurants are hesitant to incorporate service charges in menu prices.
Deliveroo launches new rapid grocery delivery service in Hong Kong
Grocery deliveries will be done in as little as 10 minutes.
Hypebeast, Jun open first Hypegolf store in Japan
The store will also be home to the first Hypebeans café in Japan.
APAC brands reinvests highest percentage of revenue in media spend
Around 4.6% of the brand revenue of APAC brands was spent on advertising.
Malaysia to record ‘healthy’ spending growth in 2022: Fitch
It posted a three-year high 29.9% growth in retail sales in May.
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