News
Philippines’ Fruitas to buy Ling Nam restaurant with Balai IPO proceeds
The IPO raised some P203.8m in net proceeds.
Philippines’ Fruitas to buy Ling Nam restaurant with Balai IPO proceeds
The IPO raised some P203.8m in net proceeds.
Lukfook’s attributable profit rises 36.9%YoY in 2022
It saw a record revenue growth of 32.5%.
Longchamp opens flagship store on JD.com
This brings the number of luxury brands on JD to over 300.
JD Health buys pet care business
The acquisition was worth $355.4m.
Central Retail launches new BnB home
The expansion was worth THB60m.
East Asia makes up over 80% of Asia’s retail sales: report
This was in part driven by the e-commerce boom in the region.
Cybersecurity revenues from consumer goods sector to reach $6.5b by 2025
This is due to the rise in digitalisation in their operations.
Reliance Brands enters F&B retail with Pret A Manger partnership
It will open the global food chain’s stores across India.
Plastic straw ban may disrupt soft drink industry in short-term
This will particularly hit sales of small packs of soft drinks.
Southeast Asia's e-commerce sales to reach $166b by 2026
It posted a more than 30% growth last year.
UNIQLO Singapore switches fully to EVs for last-mile deliveries
Its same-day Click and Collect Service will be available at 27 stores starting 1 July.
7-Eleven, Tiger Beer launches beachfront store in Singapore
The store’s offerings range from liquor to hot meals.
JD launches Joybuy platform in 110 countries
It seeks to link Southeast Asian and North American merchants with Chinese factories.
Weekly News Wrap: Shanghai’s fashion stores struggle to clear stock; JD exec says China’s regulation getting more ‘rational’
And India’s Zomato set to buy grocery delivery startup Blinkit for $568m.
Shopee owner Sea Ltd is top retailer in Southeast Asia: Euromonitor
Its sales reached $16.06b in 2021.
South Korea’s retail sales up 10.1% YoY in May
Sales in department stores and convenience stores rose as social distancing is lifted.
Six in 10 Singaporeans to shop outside Amazon during Amazon Prime Day
Criterio described this as the “strong halo effect” of the event to other retailers.
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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.
