Startups

Don't Miss:

06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )

Retail Asia03/04/2023

Investment in Vietnamese startups reached $634 million in 2022, down 56% over the previous year due to the impact of global economic fluctuations. This investment was directed to startups through 134 deals, according to the Vietnam Innovation and Technology Investment 2023 Report, published Thursday by Do Ventures, a venture fund, and the National Innovation Center […]

CONTINUE READING

Retail Asia30/03/2023

The company said on Tuesday that the Spanish ride-hailing app Cabify has raised $110 million in financing to accelerate its growth in Latin America and Spain. Cabify closed the funding round with participation from investors like Orilla Asset Management and AXIS, through Fond-ICO Next Tech. “This commitment by strategic investors is a recognition of Cabify’s […]

CONTINUE READING

Retail Asia21/03/2023

Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia Tbk posted a narrower adjusted EBITDA loss for the fourth quarter of 2022 of 3.1 trillion rupiah ($201.89 million), the firm said on Monday. GoTo posted 6.5 trillion rupiah in adjusted EBITDA (earnings before interest, tax, depreciation, amortisation and rent) loss in the same period of 2021. […]

CONTINUE READING

Retail Asia28/02/2023

Uber Technologies Inc’s revenue growth is set to outpace that of rival Lyft Inc as the rideshare firm’s presence in major markets around the world gives it the heft to deal with inflationary pressures. Ridesharing companies are starting to recover from pandemic lows as offices reopen and following a resurgence in travel on the back […]

CONTINUE READING

Retail Asia15/02/2023

Foreign startups are eyeing Vietnam as one of their main markets thanks to the country’s large and young population, low costs and cheap and abundant labor force abundant. Vietnam has been among the top markets in terms of revenue for Singapore’s insurance startup Igloo ever since the company was launched in 2021. “Vietnam is becoming […]

CONTINUE READING

Retail Asia07/02/2023

Delivery startup Loship is confident it will make profits this year, something most of its competitors have yet to achieve. Nguyen Hoang Trung, CEO of one of only two delivery startups in Vietnam said that Loship suffers “very little” loss. Last year its revenues increased by 500% thanks to business optimization with 250,000 locations and more […]

CONTINUE READING

Retail Asia26/01/2023

Social media-based food-ordering platform Gobble has shut down in Singapore after more than 18 months of operations. The company’s founders announced the closure on their LinkedIn page. One of them, Ashwin Purushottam, cited the company’s inability to raise additional funding to fuel its growth as the main cause of the company’s failure. “Running a group-buying […]

CONTINUE READING

Retail Asia23/01/2023

Indonesian ride-hailing and delivery service company Gojek has named Sumit Rathor as the new GM of its Vietnam operations. Rathor has succeeded Tuan Duc Phung, former GM of Gojek Vietnam since 2020. According to a Gojek statement, Phung has decided to pursue other professional challenges outside the company. With over 20 years of experience in […]

CONTINUE READING

Retail Asia17/01/2023

Hanoians are struggling to book ride-hailing and delivery services during the runup to Tet (Lunar New Year holidays). Hoang Viet of Nam Tu Liem District had an interminable wait before he could get a motorbike on a ride-hailing app on January 15 evening. He said: “The apps kept saying all drivers nearby were busy. It […]

CONTINUE READING

Retail Asia05/01/2023

Kurly Corp. the operator of South Korean e-grocery platform Market Kurly, said Wednesday it will postpone the initial public offering (IPO) originally planned for early this year, due to harsh market conditions. “We decided to push back our planned IPO with the Korea Exchange (KRX), considering the contracting investor confidence amid global economic uncertainties,” the […]

CONTINUE READING

Retail Asia04/01/2023

Airasia’s food delivery ambitions seem to have halted in Singapore. The brand’s web-based platform informed users that addresses within Singapore were outside its coverage area. This was the case for 12 consecutive days from 20 December 2022 to 31 December 2022. Airasia’s food app was launched in Singapore in February 2021. As part of the […]

CONTINUE READING

Retail Asia23/12/2022

Hong Kong delivery platform Lalamove has claimed its year-on-year growth in Vietnam doubled in the first 11 months this year. But it has not released figures for either year. Vietnam is a key and positive market, its CEO Paul Loo said during a recent visit to the country, and his company has seen opportunities in […]

CONTINUE READING

Retail Asia16/12/2022

Hemp-powered skincare brand Hey Bud has rolled into more than 400 Priceline stores nationwide, as the startup readies for Australian authorities to embrace a greater variety of cannabis and CBD-infused products. Hey Bud offers a range of serums, cleansers, and clay masks infused with hempseed oil, a natural product touted for its anti-inflammatory properties. While […]

CONTINUE READING

Retail Asia16/12/2022

Grab Holdings, Southeast Asia’s biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation, the Singapore-based company’s chief executive told staff in a memo. The measures include a freeze on most hirings, salary freezes for senior managers and cuts in travel and expense budgets, according to the […]

CONTINUE READING

Retail Asia15/12/2022

Thailand-based food delivery platform and unicorn Line Man Wongnai is negotiating to acquire the local unit of Foodpanda. German online food-delivery service provider Delivery Hero owns Foodpanda Thailand. Citing people familiar with the matter, the news agency reported that the food delivery platform was earlier valued at $100m, but due to market headwinds, the deal […]

CONTINUE READING

Retail Asia15/12/2022

Indonesia’s PT GoTo Gojek Tokopedia said on Wednesday it has sold its stake in local retailer Alfamart worth 1.5 trillion rupiah (US$96.03 million), days after the tech firm announced its strategy to focus on accelerating profitability. The announcement comes at a time when GoTo shares are trading at record low levels. The expiry of an […]

CONTINUE READING

Retail Asia15/12/2022

Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation, the Singapore-based company’s chief executive told staff in a memo. The measures include a freeze on most hirings, salary freezes for senior managers and cuts in travel and expense budgets, according to […]

CONTINUE READING

Retail Asia13/12/2022

Grab Vietnam has appointed Alejandro Osorio as its new managing director as part of its drive to achieve “robust sustainable growth” in its local operation. Osorio, an American who has worked for Grab for five years, previously served as director for regional strategy and planning, operations, and most recently was managing director of Grab Thailand. […]

CONTINUE READING

Retail Asia29/11/2022

Online shopping and cooking platform Cooky has raised $4.5 million in a funding round led by Vietnam’s Do Ventures, South Korea’s Nextrans. The funding will be used for research and development to create more nutritious recipes at a better cost, said Cooky’s founders Dang Hoang Minh and Nguyen Thanh Dai, also founding members of food […]

CONTINUE READING

Retail Asia28/11/2022

Six takeaways from the most-updated nationwide report reveal what IT professional salaries and expectations in 2022-2023 look like. Designed to address and understand the multifaceted IT job market with tons of “rosy myths” about salary and tasks, “Salary & Job Expectation of IT Professionals in Vietnam 2022-2023” builds on a detailed analysis of 1,257 IT […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X