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Rocket sells Lazada stake as online portal enters deal with Alibaba
Rocket Internet has agreed to sell a 9.1% stake, on a fully diluted basis, in Lazada for US$137 million. Founded in 2012, Lazada is the one-stop e-commerce gateway for local and international sellers and brands to the consumers in six distinct South-east Asian markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Rocket sells Lazada stake as online portal enters deal with Alibaba
Rocket Internet has agreed to sell a 9.1% stake, on a fully diluted basis, in Lazada for US$137 million. Founded in 2012, Lazada is the one-stop e-commerce gateway for local and international sellers and brands to the consumers in six distinct South-east Asian markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Singapore ‘first' SE Asian market to roll out Samsung Pay
Some 71% of Samsung mobile device users in Singapore keen to try Samsung Pay had their wish granted, as the giant mobile device manufacturer chose Singapore as the first country in South-east Asia to get the company’s flagship mobile payment service.
Food&HotelAsia2016 a valuable platform for industry players
The region’s premier and most comprehensive trade event for Asia’s food and hospitality industries, Food&HotelAsia2016 (FHA2016) ended on an upbeat note last month, as attendees emerged delighted with their experience at the trade event.
Two massive logistics and warehouse facilities open in Singapore
With Singapore’s strategic location and the ready availability of world-class infrastructure, many major logistics companies are setting up or expanding their operations here.
LOSS PREVENTION: Shrinkage numbers reveal increased challenges
While the current shrinkage numbers clocked in by global retailers may prove alarming, addressing the issues that cause the loss may be the best solution to slow it down. Millette Manalo-Burgos taps data from the latest Global Retail Theft Barometer, to help reveal some of these shrinkage-related issues.
Chinese outbound travellers shop for luxury and local brands
Digital insights firm 6Estates’ research on outbound Chinese travellers shows that distinctive local brands are as desirable as luxury brands to Chinese consumers.
Aeon Mall plans for growth in ASEAN
Japan's Aeon Mall is embarking on an aggressive 2020 growth plan. The core of its strategy is to increase its revenue contributed by overseas business from 2-3% to 10% by 2020.
Changi Airport's retail hub entices travellers
Airports have increasingly become mega retail hubs across the globe and, today, are retail and lifestyle destinations in their own right. Vanessa Ching speaks with Teo Chew Hoon, senior vice-president, airside concessions division, Changi Airport Group, to find out more.
Thriving F&B markets to be showcased at Food&HotelAsia2016
Singapore – Capturing opportunities in Asia-Pacific, positioning Singapore as a compelling marketplace, and building strong value propositions for global markets: These are the government’s key priorities in food, according to Lee Yee Fung, group director, Lifestyle Business Group, International Enterprise (IE) Singapore.
Javanegra – the accidental coffee roaster that uplifts lives & livelihood
Javanegra Rainforest Coffee is the company that Peresthu and his wife, Reni Alhadad, founded in 2011 to help the loggers-turned-farmers. The coffee has become an Indonesian heritage icon and is routinely presented to foreign dignitaries and delegates at international events. It is also gaining cult following among coffee connoisseurs.
International Home + Housewares Show 2016 – It's smART!
The International Home + Housewares Show will make its comeback this year with a new branding focusing on an “It’s smART” theme. The show is slated to be the destination for smart, innovative houseware sourcing and the number one industry event in the world to find one-of-a-kind ideas and gain strategic houseware industry insight.
FHA2016 International Conference to broach key trends in APAC
According to the United Nations World Tourism Organisation’s (UNWTO) forecasts, between 2010 and 2030, an additional 43 million international tourists will enter the marketplace every year. And according to the Cushman & Wakefield’s Hotel Views 2015 report, in the first eight months of 2014, the Asia-Pacific region saw 5% more international tourists over the same period in 2013, with an excess of 1.1 billion visitors expected by the end of 2014. The South-Asian sub-region experienced impressive growth on par with North America at 8%.
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AI prompts fearless dive into corporate reinvention
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Technology
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
