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06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( 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 )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )

Retail Asia12/03/2021

Coupang LLC, South Korea’s largest e-commerce company, raised $4.2 billion in the biggest share offering in the United States this year after selling stocks in the IPO above its deal target range, people familiar with the matter said. The initial public offering price of $35 apiece, higher than the marketing range $32-$34 per share, gives […]

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Retail Asia20/01/2021

Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters. The IPO could raise at least $2 billion, one of the sources said, which would likely make it the largest overseas share […]

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Retail Asia28/02/2020

Chinese bubble tea chain Naixue Tea – also known as Nayuki – is eyeing a listing in the US. The move could raise around US$400 million in capital, although many important details of the potential offering remain in flux as private discussions continue between the firm and its advisors. Naixue, which sells fresh fruit tea, […]

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Retail Asia12/02/2020

Malaysian bubble-tea chain Tealive parent, Loob Holding, has appointed advisors as it prepares for an IPO this year. Last year, the company said that it aimed to raise MYR300 million (US$72 million) for Malaysian IPO. According to The Malaysian Reserve, however, Tealive’s owner and the operator could raise MYR1 billion based on prior valuation, depending on the […]

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Retail Asia03/02/2020

Body Shop Malaysia operator InNature Bhd is seeking to raise RM120.6 million (US$25.5 million) in funding from an IPO. The firm says some of the funds will be used to fund store network expansion in Vietnam and Cambodia. The Body Shop Malaysia business accounts for about 11 per cent of the country’s personal care & […]

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Retail Asia30/01/2020

Philippines grocery operator MerryMart has filed to raise up to PHP1.6 billion (US$31 million) in its forthcoming IPO. The firm is seeking the funds to finance its nationwide expansion program, according to DealStreetAsia. It expects to operate 1200 stores within the territory following its expansion drive, including potential franchises, in an attempt to reach its […]

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Retail Asia02/01/2020

Central Group subsidiary Central Retail Corporation, aims to raise up to THB81.1 billion (US$2.7 billion) in an initial public offering (IPO), which will be Thailand’s largest yet. Central Retail’s IPO price will range between THB40 to 48 per share. The company will sell up to 22.1 per cent of its stock or 1.69 billion shares […]

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Retail Asia09/12/2019

Manila-based food-and-beverage kiosk operator Fruitas has grown its store network to 1036. The company, with a portfolio of banners, including Buko ni Fruitas, Juice Avenue, Black Pearl, and Johnn Lemon, has added 106 new stores this year to the 930 it ended last year with. Fruitas recently raised 896.55 million Philippine pesos (US$17.6 million) through […]

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Retail Asia22/11/2019

Alibaba Group has launched its Hong Kong public offering of 500,000,000 new ordinary shares on the SEHK, raising up to US$13.4 billion. Alibaba plans to use the proceeds from the offering for the implementation of its strategies of driving user growth and engagement, empowering businesses to facilitate digital transformation, and continuing to innovate and invest […]

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Retail Asia18/11/2019

Coworking startup WeWork plans to open two more offices in Ho Chi Minh City’s District 1 this month. One of them will be at Lim Tower 3, and rents will start at VND6.9 million ($297) per month for a single-seat, according to the company’s website. Another will be on Sonatus Building, with prices starting at […]

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Retail Asia11/11/2019

Alibaba is resuming plans to list on the Hong Kong exchange in a move expected to raise US$10–15 billion. Earlier listing plans scheduled for August were put on hold during the recent political unrest in the territory. The firm may now seek a listing as early as this month, with official filings seeking approval for […]

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Retail Asia21/10/2019

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Amidst growing investor interests in firms focussed on Southeast Asian consumers, Thailand, and the Philippines are seeing a pick-up in initial public offerings (IPOs). Thailand is expected to shine next year, says Credit Suisse. Although Singapore still leads on overall first-time share sales in Southeast Asia in 2019, it has achieved this mainly through offerings of […]

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Retail Asia13/09/2019

Chinese sportswear firm Topsports International is set to proceed with an IPO in Hong Kong, despite economic uncertainties and ongoing protests in the city. The Belle International subsidiary is expected to launch its IPO this month, provided it qualifies for the listing. It is expected to be raising up to $1 billion from the exercise, […]

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Retail Asia06/09/2019

Burger King China’s owner is mulling a public listing in Hong Kong which could value the business at around US$1 billion. According to sources quoted by international business media, the Hong Kong plan is a fallback after plans to list the business in the US last year were shelved. Burger King China is owned by […]

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Retail Asia05/09/2019

The planned US$15 billion Alibaba Hong Kong IPO has been postponed due to continuing political unrest in the city. The firm’s stance towards the issue is being taken by observers as indicative of the general mood of both mainland businesses and the Beijing administration towards Hong Kong. Alibaba made the decision at a board meeting […]

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Retail Asia09/08/2019

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Thai construction materials and home renovation equipment retailer Dohome is set to expand within the territory by an additional 90 branches by the end of next year. The move, partially in response to strong demand from DIY consumers, will introduce the firm’s Dohome ToGo brand with a smaller store format of 300–1000sqm. “Do-it-yourself is a […]

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Retail Asia18/07/2019

Chinese discount merchandise chain Miniso is reportedly planning an IPO raising as much as US$1 billion to continue its rapid expansion. A Miniso IPO was first mooted by the company in January last year but there has been no further activity until now. Citing “people with knowledge of the matter,” Bloomberg has reported that Miniso executives are […]

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Retail Asia10/07/2019

Chinese online pharmacy Ecmoho is seeking to list on the New York Stock Exchange in order to raise US$100 million for expansion. According to sources cited by Bloomberg, the IPO may take place as early as this year. The company has declined comment on the matter and sources say the exact timing and the target to […]

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Retail Asia19/06/2019

There is growing expectation of an Alibaba IPO in Hong Kong which could raise as much as US$20 billion. The plan, if it proceeds, would be the sixth-biggest follow-on share sale in history and succeed the firm’s $25 billion New York float of 2014. It is likely to fuel a renewed surge in technology investment […]

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Retail Asia06/06/2019

Loob Holding, parent of Malaysian bubble-tea chain Tealive, is preparing an IPO in Malaysia with a view to raising MYR300 million (US$72 million). The firm, which operates more than 200 food-and-beverage outlets in the territory, has reportedly hired advisors to facilitate the process and is seeking a valuation of up to MYR1 billion. “We have […]

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