News

Cainiao revenue up 26% YoY to $2.57b in Q2 FY23

Over 70% of its revenue was from external customers.

Cainiao revenue up 26% YoY to $2.57b in Q2 FY23

Over 70% of its revenue was from external customers.

Deliveroo’s Australian exit raises need to modernise food delivery

Deliveroo recently announced it will stop operations in Australia. 

Deliveroo exits ‘highly competitive’ Australian market 

In the first half, Australian businesses only accounted for 3%  of Deliveroo’s GTV. 

Consumer spending in China to see ‘steady growth’

Spending is projected to grow by 6.5%YoY in 2023. 

AllHome posts P702m profit in first nine months

Its revenue stood at P9.10b over the same period. 

South Korea's small stores lag behind big department stores in sales

Small supermarkets and groceries only saw a 0.4% sales growth.

Philippines’ consumer spending to rise 5.5% YoY in 2023

This is slower than the 7.6% YoY forecast this year.

Consumer spending in Vietnam to see ‘solid growth’ in 2023

Spending is expected to increase by 7.3% year-on-year.

Shakey’s Pizza net income reaches P454m in first 9 months

This is coming from a P35m loss in the same period in 2021.

South Korea’s Coupang to remain profitable amidst funding crunch: report

The company’s net profit stood at $91m in the third quarter.

Yeezy termination drags adidas 2022 outlook

The company ended the Yeezy partnership in October. 

Philippines’ SMFB sustains ‘strong’ growth in first nine months

The company also registered its quarterly highest revenue since 2018.