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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 […]

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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 […]

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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 […]

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Retail Asia27/09/2022

hai food delivery app Lineman Wongnai on Monday said it has raised US$265 million from Singapore’s GIC, PTT Oil and Retail Business, Taiwan Mobile, and other investors. The startup said the investment round puts the company’s value at over US$1 billion, making it a ‘unicorn’ firm. The announcement comes as competition heats up among food […]

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Retail Asia30/06/2022

Uber Technologies on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations into its global driver app. The announcements are part of Uber’s annual product event where the ride-hail and food delivery company showcases the latest updates to its app. […]

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Retail Asia27/06/2022

The top brass of food delivery app Zomato are set to come together on the 17th of June to pen to paper and make the acquisition of Indian based start-up company Blinkit officially complete. The deal is set to be of a stock exchange type at a ratio of 1:10 where Blinkit will get a share […]

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Retail Asia02/12/2021

Food delivery giant Uber Eats revealed on Tuesday it would wind down its Hong Kong operations by year’s end after seeing slower-than-expected growth. “Uber Eats has unfortunately not grown as expected in Hong Kong,” the company said in response to a Post inquiry. “This decision has been made independent of the global pandemic, and is in line […]

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Retail Asia02/12/2021

Launched amid the Covid-19 pandemic, GoCar is one of two big products Gojek planned to introduce this year to complete its golden triangle in Vietnam, including transportation, food delivery and payment. Phung Tuan Duc, Gojek Vietnam GM shared stories behind the launch of car service during the Nguy – Co talk show hosted by Thai […]

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Retail Asia28/06/2021

Uber CEO, Dara Khosrowshahi, delivered food to people’s doorstep in San Francisco for those ordering from Uber Eats. He completed 10 trips and managed to rake in $98.91. He tweeted about this from his personal handle saying “Spent a few hours delivering for @UberEats. 1. SF is an absolutely beautiful town. 2. Restaurant workers were […]

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Retail Asia15/02/2021

Uber Technologies Inc on Wednesday posted a narrower loss as its ride-hail and delivery businesses rebounded slightly from pandemic lows, and the company said it was well on track to reach its goal of achieving an adjusted profit by year-end. Uber said customers in cities’ outer boroughs and suburbs had returned to its rides platform […]

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Retail Asia13/01/2021

Joining the market later than competitors, Baemin, a food delivery application of South Korean unicorn Woowa Brothers, concentrates on rider training and supporting food stores. Tuan, 28, from HCMC, is on his way to the headquarter of Baemin in District 3 to take part in a training course. He said, by the end of the […]

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Retail Asia21/09/2020

Food-delivery service Foodpanda is to launch in Japan, its 12th market in Asia. During the first phase of the launch, Foodpanda will roll out its service in six cities, including Nagoya, Sapporo, and Hiroshima. The move is part of Foodpanda’s strategy to strengthen its presence in Asia Pacific, with Japan one of the largest and […]

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Retail Asia28/04/2020

Taiwan foodservice sales have slumped by 21 percent year on year due to the coronavirus pandemic. Ministry of Economic Affairs data revealed total F&B sales of NT$51.9 billion (US$1.73 billion) this year across the territory, the steepest decline since reporting on sales figures began in January 2000. A parallel survey of Taiwanese restaurant sales saw […]

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Retail Asia09/04/2020

The pending merger between South Korea’s number one food-delivery app Baedal Minjok (Baemin), and Yogiyo, the industry’s second-largest player, has fuelled widespread concerns about monopolistic market behavior. In particular, recent changes to Baemin’s fee system from a flat rate to a pre-payment method has sparked controversy, raising concerns over such a monopoly. Woowa Brothers, Baemin’s […]

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Retail Asia30/03/2020

Recently, ride-hailing drivers have been losing income as more people stay at home and less people travel due to the public health crisis. Uber has recently started concentrating more of its services on food delivery as demand for this is growing. Drivers in the US are encouraged to take on food delivery, even if they […]

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Retail Asia13/02/2020

Deliveroo has offered support for its Hong Kong restaurant partners as many of them are suffering from falling dine-in sales due to the coronavirus crisis. The company will reduce its commission rate for restaurant partners by 5 percent for a month, starting February 16, equivalent to a 15-20 percent discount in fees. In addition, the […]

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Retail Asia05/12/2019

Australia’s food waste problem is getting worse, like meal delivery services fuel further waste. The nation’s total food waste bill is now $10.1 billion, up from $8.9 billion dollars in 2018, making it the highest in four years of data collected by the Rabobank Food Waste report. Australia is the fourth highest food waster in […]

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Retail Asia13/05/2019

Chinese food-delivery website Meituan has closed three of its Ella Supermarkets in Jiangsu, almost halving its network of outlets. The business initiative, which sells fresh supermarket produce online for fast home delivery, has just four remaining locations in Beijing and Wuxi. The closures were reportedly put down to mismanagement, and stand in stark contrast to […]

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Retail Asia15/02/2019

India’s food ordering and delivery platform Swiggy Tuesday said it has launched ‘Swiggy Stores’ moving beyond its core food delivery segment to provide access to consumers items across multiple categories. The company will deliver from these stores “in categories such as fruits and vegetables, kiranas and supermarkets, florists, baby care, health and supplements among others,” Swiggy said […]

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Retail Asia14/02/2019

Online restaurant guide and food ordering firm Zomato Monday said it is planning to convert 40 percent of its delivery fleet into power-assisted bikes in two years. Currently, the company has over 5,000 cyclists operating across 12 cities in India, with the majority of the fleet being in Delhi-NCR, Zomato said in a statement. The company provides […]

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