News
Lazada launches AI, AR-powered Skin Test Technology
It is available in all six Southeast Asian markets.
TikTok Shop launches in US
There are over 150 million TikTok users in the market.
Embedded finance strategy to be featured in Retail Asia Forum in Manila
Deloitte Southeast Asia’s Anna Marie Magno-Pabellon to bring her expertise on navigating regulatory implications for retail and consumer businesses to the 5 October forum.
Three areas APAC retailers could focus on to navigate the ‘post-recovery phase’
Retailers will continue to face challenges due to competition and inflation, amongst others.
KKR to invest around $250m in Reliance Retail Venture
The investment company will now hold a 1.42% stake in RRVL.
Alibaba is APAC’s top e-commerce player
The top three leading e-commerce firms in the region were from China.
L’Oréal completes Aesop acquisition
It entered a deal with Natura &Co to purchase Aesop.
7-Eleven launches in Laos
Laos is the 20th country entered by 7-Eleven.
Foodpanda, DFI Retail Group partner to enable one-hour grocery delivery
The platform’s users can buy close to 20,000 grocery items through the app.
Reliance Retail Ventures forms JV with clothing brand Ed-a-Mamma
Reliance will hold a majority stake in the JV.
How appliance retailers boost e-commerce sales through DTC channel
They need to understand customer needs and overcome technical challenges.
Japan’s Seven & i sells Sogo & Seibu to Fortress Investment Group unit
The company aims to focus on its convenience store businesses.
Philippines’ Jollibee to acquire majority share in its Hong Kong franchisee
It will hold a 60% share in Meko Holdings for $16.08m.
Southeast Asia’s QR Code payments to surge 590% by 2028
This is due to the cross-border interoperability within countries in the region.
Singapore customers seek transparency amidst companies’ AI adoption growth
About 9 in 10 said they want to know whether they are speaking with AI or a human.
Wolverine World Wide sell Hush Puppies IP in China
It will continue to own and operate the Hush Puppies brand in other markets.