startup

Don't Miss:

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 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 […]

CONTINUE READING

Retail Asia26/09/2022

Grab , Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. Chief Operating Officer Alex Hungate said that earlier in the year, Grab had been worried about a global recession and was […]

CONTINUE READING

Retail Asia06/09/2022

Coolmate, a Vietnamese menswear brand sold online, has raised $2.3 million from GSR Ventures and Do Ventures as an addition to its series A round. This brings the round’s total size to $4.3 million. Coolmate said the funding will be used to “accelerate the completion of the supply chain” for its products, upgrade its operating […]

CONTINUE READING

Retail Asia29/08/2022

Augmented reality headsets have been around for years, but none of the market players has really expanded beyond the techy demographic and broken into the mainstream. An AR startup hopes to change that by partnering with an eyewear fashion brand. Nreal, the well-funded Chinese AR headset maker that’s been making aggressive global expansion, said Thursday […]

CONTINUE READING

Retail Asia23/08/2022

Kurly Corp., the operator of South Korean e-grocery platform Market Kurly, received preliminary approval for its push for an initial public offering (IPO) Monday. The approval by the Korea Exchange (KRX) came about five months after Kurly filed for a preliminary review of its IPO plan in late March. Kurly earlier sought to complete its […]

CONTINUE READING

Retail Asia19/08/2022

DTS Digital Transformation Alliance has supported dozens of startups in technology, and is accompanying thousands of businesses through their digital transformation and journey into the Metaverse. In the global context of Industry 4.0, digital transformation is the biggest opportunity and challenge for businesses. To carry out digital transformation and develop successful technology schemes, Vietnamese startups […]

CONTINUE READING

Retail Asia10/08/2022

A Beijing consumer rights group said on Tuesday it had asked Missfresh to work on plans to refund its customers and explain how it will rectify its business after receiving a number of complaints, adding to pressures facing the Tencent Holdings and Tiger Global-backed grocery startup. The government-backed Beijing Consumer Association said in a statement […]

CONTINUE READING

Retail Asia26/07/2022

Grocery delivery app Instacart said on Friday founder Apoorva Mehta would step down from his role as chairman and leave the company once it goes public. Chief Executive Fidji Simo, the former head of Meta Inc’s Facebook app, will succeed Mehta. She joined Instacart as CEO in August 2021 after Mehta transitioned to executive chairman. […]

CONTINUE READING

Retail Asia08/07/2022

Grab has become the first ride-hailing firm in Vietnam to announce a new surcharge on its motorbike services starting Thursday. The surcharges are VND5,000 (20 U.S. cents) for each GrabBike trip and GrabFood order in some localities including HCMC, Hanoi, Hai Phong, Da Nang and Can Tho. GrabExpress services in HCMC and Hanoi will attract […]

CONTINUE READING

Retail Asia24/06/2022

Anfin-Raised-Us1.2-Million-Seed-Round-Led-by-Goodwater-Capital-and-Global-Founders-Capital-1280x710.jpg

Financial startup Anfin, which seeks to make stock investment easy for any user, has raised funding of $4.8 million in a Pre-Series A round from a consortium of investors. It was led by angel investor Clement Benoit and U.S.-based startup accelerator Y Combinator. The money will be used to improve its app by building a […]

CONTINUE READING

Retail Asia14/06/2022

After success with both its mattress and furniture ranges, Australian company Koala is now moving into homewares. Koala decided to add décor to its product staple to encourage consumers to consider more sustainable options. The homewares collection features 34 pieces, including cushions, throws and the first wool rug range in Australia to use certified responsible wool. Other sustainable […]

CONTINUE READING

Retail Asia31/05/2022

Neso Brands, a subsidiary of eyewear manufacturer Lenskart, has raised $100 million in a seed funding round, which will enable the firm to create a house of brands catering to the global market. The company did not divulge the details of the investors involved. However, Lenskart, which owns Singapore-headquarted Neso, has earlier raised large sums […]

CONTINUE READING

Retail Asia30/05/2022

E-commerce businesses are fighting for consumers’ attention at an extraordinary rate. In an industry that’s already heavily saturated, hundreds of emerging digital channels have made it increasingly difficult to stand out, writes Simon Kelly, solutions manager, Apac at ChannelAdvisor. Yet, connecting to a diverse pool of customers across multiple platforms is not impossible. Those with […]

CONTINUE READING

Retail Asia27/05/2022

From 31 May to 3 June, Singapore is hosting Asia Tech x Singapore (ATxSG), Asia’s flagship technology event that convenes global leaders and decision-makers across the technological ecosystem to debate and address opportunities and challenges as the world taps into the potential of digital to power the next bound of global economic growth while building […]

CONTINUE READING

Retail Asia21/05/2022

Changing careers in Singapore is never an easy decision, especially if you are in your 40s or older. After all, even the mere thought of starting over when you are already nearing the age of retirement can be downright scary. What if you don’t make it? What if you suffer financially? These are just some […]

CONTINUE READING

Retail Asia17/05/2022

Coolmate, a Vietnamese menswear brand that is sold online, has raised US$2 million in a Series A funding round from a group of investors. The round was led by Access Ventures and included Do Ventures, CyberAgent Capital and DSG Consumer Partners. Coolmate intends to use the money to fund research into new products, upgrade its […]

CONTINUE READING

Retail Asia06/05/2022

Tiki.vn_.jpg

South Korea’s Shinhan Financial Group said it has reached an agreement to acquire a 10 percent stake in Vietnam-based e-commerce company Tiki. The South Korean group said its two units, Shinhan Bank and Shinhan Card, will pick up 7.44 and 2.56 percent stakes in Tiki, respectively. It has invested $90 million in the e-commerce player. […]

CONTINUE READING

Retail Asia03/05/2022

Instant grocery startup Zepto has raised $200 million in a new financing round as it looks to expand its 10-minute delivery service to more cities in India and grow its network of dark stores. Existing backer Y Combinator Continuity led Zepto’s Series D round, valuing the Mumbai-headquartered startup at about $900 million, up from $570 million in […]

CONTINUE READING

Retail Asia13/04/2022

Zilingo Pte, one of Singapore’s highest-profile startups, has suspended Chief Executive Officer Ankiti Bose after an effort to raise new funding led to questions about the company’s accounting, according to people familiar with the matter. The company, which supplies technology to apparel merchants and factories, had been trying to raise $150 million to $200 million […]

CONTINUE READING

Retail Asia28/03/2022

M Village, an accommodation startup in co-living spaces, has received funding of US$1.7 million led by Singaporean venture fund Simple Tech Investment. The money will be used for expanding the number of rooms the startup has in Ho Chi Minh City from the current 300 to 1,000 this year. Its founder, Nguyen Hai Ninh, is […]

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