News

Digital payments comprise 50% of SEA’s transactions: report

The continuous pattern of digital payments and services led to a $30b revenue.

Digital payments comprise 50% of SEA’s transactions: report

The continuous pattern of digital payments and services led to a $30b revenue.

Southeast Asia e-commerce revenue up 28% YoY to $28b in 2023

The sector was also supported by the rapid growth of new entrants.

Consumers search for value to define Singles’ Day 2023: report

Around 62% of respondents will spend $410 for the biggest shopping event in China.

NFTs still promising for brands, despite rise and fall of hype: report

Major sectors, like sports and luxury, continue to develop NFT-backed applications.

SHEIN, Authentic Brands strike collaboration with Forever 21

The partnership will set up the Forever 21 x SHEIN collection to all SHEIN platforms.

Dufry signs as master concessionaire at Wuhan Tianhe Airport

The Swiss-based retailer has recently merged with global catering leader Autogrill.

SHEIN buys UK-based retailer Missguided

Missguided products will become available on all SHEIN sites and platforms.

Central Food’s GO Wholesale opens in Srinakarin

The branch will include 20,000 items, including cooking ingredients, and fresh and dry foods.

Lotte Duty Free unveils 'first-in-airport retail experience' in Changi

It features a liquor-tasting tour, immersive LED art, and a tribute to poet Li Bai.

Thailand’s food business to repurpose excess food products into pet treats

Tops, which is under Central Retail, does this by partnering with a startup.

FairPrice Group commits $2.9m to help SMEs in cash flow and business survival

The funding programme benefits more than 500 SME suppliers in Singapore.

JD.com sees above ¥100m sales in first 5 minutes of ¥10b-discount programme

Its sales and user order volume were four times higher than 2022’s figures.

Macroeconomic uncertainty remains biggest challenge for retailers

The retail sector has been undergoing a significant transformation, particularly in the Asian markets where stores are integrating innovative designs and technology-driven features.

Skincare dominates luxury beauty market in Southeast Asia

The luxury beauty market in Southeast Asia and India is experiencing rapid growth, propelled by increasing GDP per capita and a surge in consumer interest in luxury brands.

Time on shopping apps to reach 26.6 billion hours due to holidays

Data.ai’s figures also showed that this is a 6% increase compared to the past quarter.

The majority of SEA consumers will go on a hybrid holiday shopping setup

A study showed that 81% choose mobile for their shopping purchase.