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15/05/2024 Facebook and Instagram experiencing outages along the East and West Coasts of the U.S. ( General )
14/05/2024 Qantas to launch new route from Manila to Brisbane ( General )
13/05/2024 Meta expands paid verification service for businesses ( General )
10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
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 )

Retail Asia22/10/2020

Despite uncertainties in the food industry due to the coronavirus pandemic, Jollibee Foods Corporation is increasing its stake in the ultimate holding entity of popular restaurant chain Tim Ho Wan. Through its subsidiary Jollibee Worldwide, it increased its stake in the Michelin-starred restaurant to 85% from 60% by purchasing the 25% interest of Aragon Investments in Titan Dining, […]

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Retail Asia21/10/2020

Over 50 years ago, America’s best tasting burger was born in Santa Barbara, California, and now the award-winning taste of The Habt Burger Grill will be opening its newest international location in Cambodia on October 21st! The California-based restaurant company renowned for its award-winning Charburgers grilled over an open flame, signature sandwiches, fresh-cut salads, and more announces the highly anticipated […]

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Retail Asia21/09/2020

Vietnam’s three most popular fried chicken restaurant chains earned combined revenues of VND4.3 trillion ($185.5 million) last year, up more than 11 percent year-on-year. South Korean brand Lotteria recorded the highest revenues at VND1.68 trillion ($72.5 million), up nearly 8 percent year-on-year. It has the highest number of outlets in Vietnam at over 210 in […]

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Retail Asia16/09/2020

American fast-food chain Popeyes said it is to withdraw business from South Korea, however, the local franchisee TS Corporation has denied the report. According to The Korea Times, reports of the exit began when a memo was written by a Popeyes’ employee headed “Popeyes brand will no longer pursue business in Korea as of November” […]

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Retail Asia15/09/2020

Lotte is moving to divest its TGI Friday’s restaurant chain rights in South Korea as it restructures its business portfolio. Lotte will split the business and sell off shares to new investors, having already spun off the chain’s assets and debts. The group has been badly affected by the Covid-19 pandemic, with a sales drop […]

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Retail Asia08/09/2020

Burger King has unveiled a new ‘touchless’ concept store, designed to meet the challenges of business during a pandemic and adapt to the future “new normal”. The US store features physically contactless experiences such as mobile ordering and curbside pick-up areas and drive-in and walk-up order areas. “In March our in-house design and tech team […]

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Retail Asia03/07/2020

American fast-casual restaurant chain Shake Shack is planning to open at least 15 new venues in South China by 2030. The chain, working through local licensee Maxim’s Caterers, a company controlled by Hong Kong’s Dairy Farm Group, will open restaurants in cities including Shenzhen, Guangzhou, Fuzhou, and Xiamen, with a goal of 55 Shake Shacks […]

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Retail Asia19/06/2020

Newly released McDonald’s sales figures have shown a marked global improvement for the business sequentially from late March through May despite the continuing impact of the coronavirus pandemic. The information released ahead of the firm’s second-quarter earnings announcement, showed sales steadily improving throughout the period however they still remain negative compared to last year’s figures. […]

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Retail Asia03/06/2020

Yum China has entered into a partnership with plant-based meat manufacturer Beyond Meat to trial a burger at selected KFC, Pizza Hut, and Taco Bell locations within the country. The agreement marks the introduction of Beyond Meat’s Beyond Burger in Mainland China. “We see great potential for the plant-based meat market in China,” said Yum […]

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Retail Asia24/04/2020

SPC Group, operator of Shake Shack in South Korea, is bringing Eggslut, the California-based egg sandwich chain, to Seoul. The group has acquired the rights to exclusively operate in South Korea and Singapore. The first Korean Eggslut store will be launched at the Starfield Coex Mall in Seoul in June. Details of a Singapore launch […]

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Retail Asia17/04/2020

A Jollibee Singapore outlet is among several businesses fined SG$1000 for breaches of the government’s social distancing mandate. Official enforcement measures found the franchise’s Woodlands MRT branch had neglected to ensure queueing customers and food delivery workers maintained one-meter spacing between them, despite issuing previous warnings. “The infringements included failure to implement a crowd management […]

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Retail Asia16/04/2020

KFC Singapore has launched a contactless takeaway service, allowing customers to purchase safely during the circuit breaker period in the city. According to KFC, it is the first fast-food restaurant brand in Singapore to launch such a service. With “Contactless Takeaway”, customers can place orders via KFC Singapore’s app or its website and pick up […]

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Retail Asia25/03/2020

Yum China says it is witnessing “early signs of recovery” in Mainland China as business gradually resumes and people return to work. However, the company, which operates KFC, Pizza Hut and Little Sheep chains, said in an update to shareholders that restaurant traffic remains “heavily impacted” as people continue to implement social-distancing measures. Store closures […]

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Retail Asia19/03/2020

McDonald’s UK is ditching its plastic Happy Meal toys in favor of more sustainably produced alternatives in its stores. In a move to reduce the firm’s plastic waste by more than 3000 tons, from May onwards the firm will phase out the playthings it provides with its children’s meals and instead offer books, stuffed items […]

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Retail Asia02/03/2020

The first MOS Burger store in the Philippines opened this week, on the second floor of Robinsons Galleria, Ortigas Center. MOS Food Services Inc chairman Atsushi Sakurada said the store is just one of many branches planned for Metro Manila this year. MOS Burger Philippines was formed last year by MOS Food Services Inc of […]

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Retail Asia25/02/2020

Mos Burger in Vietnam will open its first store in Ho Chi Minh City later this year. The company plans to set up a joint venture in the country next month and open 10 outlets in the next three years. Last October, Mos Burger partnered with Danang Tourism College to run a training program called […]

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Retail Asia24/02/2020

Philippine restaurant brand Jollibee Foods suffered a 14.4-per-cent drop in earnings last year after operating income fell by 25.1 percent. However, a strong fourth quarter prevented a worse annual result, with operating income up 11.6 per cent on a 23.2-per-cent boost on systemwide sales. “Practically all brands in the Philippines improved their same-store sales growth […]

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Retail Asia11/02/2020

Burger chain Shake Shack has opened its second store in Singapore, in the city’s CBD. Taking over the Tiger Balm factory on Neil Road, the new Shake Shack Singapore store design was inspired by its vibrant Chinatown neighborhood and colorful Peranakan architecture. Designed by Singaporean artist Sam Lo, the store’s interior features a tiger mural […]

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Retail Asia13/01/2020

CITIC has plans to sell a 22 percent stake in McDonald’s Chinese mainland and Hong Kong business to its parent group’s private equity arm. The main listed arm of the Chinese state-owned CITIC Group, CITIC Ltd., will aim to raise at least 2.17 billion yuan, according to a report citing a Beijing bourse filing. The report […]

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Retail Asia30/12/2019

Yum has announced the opening of its first franchised restaurants in Chinese gas stations, in collaboration with China Petrochemical Corporation (Sinopec) and China National Petroleum Corporation (CNPC). The first franchised KFC restaurant has been launched in a CNPC gas station in Yunnan Province while the first one in a Sinopec gas station is set to […]

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