Singapore-headquartered Trax, a provider of computer vision and analytics solutions for retail, announced the successful closure of a USD 100 million Series D investment round on 23 July 2019. The transaction was led by Chinese private equity firm, HOPU Investments. ...
Japan-based chat app operator Line has announced that the company will launch an online grocery service in Thailand by the end of 2019. The service, called Line Man Grocery, will enable customers to have food and other items delivered home. In addition, the company is...
Indonesian startup, Kopi Kenangan raised USD 20 million from Sequoia India in June 2019. Previously in October 2018, the company raised USD 8 million in seed funding in a round led by AlphaJWC. Founded in 2017 by Edward Tirtanata and James Pranato, the start-up aims...
MDEC is the Malaysian government’s lead agency tasked with driving the growth of the digital economy in the country. Together with the Ministry of International Trade and Industry, MDEC heads the National eCommerce Strategic Roadmap, an initiative meant to spur on...
Philippine Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, announced plans to spend PHP 3.5 billion (USD 69 million) primarily to roll out new stores and re-model existing outlets as part of the company’s long-term development plans....
A recent report on Channel NewsAsia by Tan Soo Jiuan, Associate Professor in the Department of Marketing at the National University of Singapore Business School, highlighted the growing importance of omnichannel model for e-commerce outlets in Singapore. This is a...
British supermarket giant Tesco-Lotus is evaluating opening 750 new stores in Thailand over the next three years, bringing along with it almost 10,000 jobs. Tesco already has a network of about 2,000 stores across Thailand, along with online shopping platforms. This...
Central Group, the Thai retail giant is directing efforts to expand its supermarket chain Big C in Vietnam. The Central Group has made plans to build new shopping malls and also renovating 13 out of 34 Big C’s supermart stores to larger and/or high-end retail...
This fiscal year, Aeon Malaysia is set to spend approximately MYR 500 million (USD 119.2 million) on mall refurbishments and new locations. A slight decrease from last year, the figure signifies a move focused on portfolio consolidation, and the need for the company...
Burger chain operator, Mos Food Services Inc, from Japan will open its first Philippines outlet by the end of March 2020, in partnership with a local dining chain. The company plans to establish Mos Burger Philippines Inc in 2019 alongside the Philippines’ Tokyo...
Singapore’s Funan Mall, being built on the site of the former IT-focused Funan Digital Life Mall, is set to open ahead of schedule after a three year redevelopment phase. The mail has been described as Singapore’s first online-and-offline (O&O) mall....
Fraser and Neave (F&N), a Singapore-headquartered conglomerate with interests in food and beverage and real estate, bought the Starbucks Thailand coffee chain which has more than 370 outlets, in May 2019. F&N bought the chain through Coffee Concepts...
