Staff Reporter
Weekly News Wrap: Japan’s vaccination efforts boost retail sector; Dingdong raises $95.69m in US IPO
Weekly News Wrap: Japan’s vaccination efforts boost retail sector; Dingdong raises $95.69m in US IPO
And France probes Uniqlo over concealing Xinjiang involvement.
Japan’s retailers take hit from Olympics’ overseas spectator ban
The industry invested heavily in the buildup to the Olympics, expecting a sales boost.
What does ‘gold standard’ mean for Asia’s payments and e-commerce scene?
The market’s diverse challenges open the door for solutions that tackle country or region-specific issues.
JD to bring fresh milk from New Zealand to China
Consumers will be able to trace every step of the milk’s production process.
NYSE-listed Shake Shack to launch 10 stores in China
The fast food chain currently has 16 stores in the country.
Philippines’ Wilcon Depot pushes for 100 stores by 2025
It currently has 60 stores across the country.
Philippines-based Wilcon Depot launches online store
Items can be delivered, or picked up at the nearest store.
Sheng Siong clinches lease agreement for third China store
The store is expected to be operational before end-Q3.
Sino Group launches $2.58m rewards for eight malls
It will hold a cash rebate luck draw with livi bank for seven weeks.
Entertainment retailer YesAsia launches Hong Kong IPO
Over half of the proceeds from the global offering will be used for marketing.
Suning’s Retail Cloud launches 247 stores in 618 festival
The company opened 214 new stores in May.
KKR buys stake in India’s Vini Cosmetics for $625m
The beauty brand has 700,000 points of sales in the country.
Naver backs out of eBay Korea acquisition bid
This leaves Shinsegae as the sole bidder for the e-commerce firm.
Fire engulfs Coupang warehouse
Public outcry sparked following the death of a firefighter.
Shinsegae’s E-Mart24 expands to Malaysia
Local firm UFH plans to open 10 E-Mart24 stores in the country by the end of 2021.
Rising need for convenience boosts Australia’s foodservice
Only quick service restaurants recorded growth in 2020.
Shinsegae to acquire 80% stake in E-Mart for $3.05b
It will invest over $884.36m (KRW1t) over the next four years in warehouses.
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Event News
It bagged the Marketing Initiative of the Year - Vietnam and the Pop-up Retail Project of the Year - Vietnam categories in the awards programme.
