Category: General

Retail Asia17/09/2020
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2min0
Central Retail (CRC) is to buy out COL Public Company, the parent company of Thai retail chains OfficeMate, B2S, and Meb E-Books. The deal with COL, which is estimated at US$390 million, will add the three brands to CRC’s existing retail portfolio and “strengthen Central Retail’s hardlines group” the company said in a statement. The […]

Retail Asia17/09/2020
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2min0
South Korean online platform Naver has invested in Singaporean classified-ad service Carousell. The US$80 million investment was made by a consortium led by the firm that includes other Korean investment businesses Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities. The completed transaction will elevate Carousell’s value above $900 million and reflects the increased […]

Retail Asia17/09/2020
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2min0
Officially released data for retail sales in China show a rise for the first time this year as the economy recovers from the impact of the coronavirus. Figures for August showed a year-on-year increase of 0.5 percent in retail revenues. Dramatic increases were seen in sales of communication equipment (25.1 percent) and automobiles (11.8 percent). […]

Retail Asia16/09/2020
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3min0
The Chinese e-commerce giant is in talks with Singapore-based ride-hailing and payments firm Grab over a potential $3 billion investment into the company. Part of the funds will be used to purchase Grab stock held by Uber, which acquired 23.2 percent of the company when it exited Southeast Asia in 2018, as reported on Monday, […]

Retail Asia15/09/2020
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3min0
Japan’s retail recovery continued to proceed slowly during August following the largest recorded single-quarter sales decline in the nation’s history. According to the country’s Cabinet Office, the national real gross domestic product for April to June fell by 28.1 percent year on year, performing worse than at the depths of the global financial crisis in […]

Retail Asia15/09/2020
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2min0
Japanese discount retailer Don Don Donki is set to make its debut in Taipei. As yet, the company has not revealed any details regarding the location or opening date, however, various sources have confirmed the store will trade 24-seven in the popular shopping destination of Ximendeng. New of the company’s Taiwanese debut spread quickly after […]

Retail Asia14/09/2020
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1min0
Japanese convenience-store operator 7-Eleven is launching a home-delivery service from its outlets to meet continued demand sparked by the Covid-19 outbreak. The service will commence this year initially with 100 Tokyo stores, to be expanded to 1000 from next year. The service will take on other e-commerce operators in the territory such as Amazon with […]

Retail Asia11/09/2020
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2min0
Back in 2017, Google Maps no longer worked with the Apple Watch. The reason why Google pulled it from the Apple Watch reportedly had something to do with the app’s limited capabilities on the watch compared to the iPhone app. At the time that Google made this announcement, it promised that Maps would return to the Apple Watch. And […]

Retail Asia09/09/2020
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2min0
Bamboo Airways plans to open a direct regular route between Hanoi and Melbourne early next year using the wide-body aircraft Boeing 787-9 Dreamliner. The airline made this announcement after conducting its first flight to Australia last Sunday to carry nearly 300 Vietnamese workers and students home. Nguyen Ngoc Trong, the deputy CEO of Bamboo Airways, […]


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