Asia news & analysis

27 November 2020
With more consumers staying at home for meals in Taiwan, FamilyMart has partnered two famous chefs two to launch some new ready-to-eat dishes. Our view Taiwan is an important market for FamilyMart. After Japan, it is the retailer’s second largest market, trading more than 3,500 stores. Within Taiwan, FamilyMart is also the second largest convenience chain and it continues to look for creati...
27 November 2020
Located at the well-known Lau Pa Sat hawker centre in Singapore, Food Folks is the first locally-focused concept that blends retail and dining under a historical monument. Food Folks brings together FairPrice Group’s business philosophies of “Everything Food Made Easy”, “Customer First”, and “Better Value for All”. Source: IGD Research   All things loc...
26 November 2020
To lure shoppers back, South Korea’s department store operators are converting store spaces into art galleries. An innovative initiative to differentiate and drive footfall The country’s leading department store chains all suffered greatly since the outbreak of the pandemic, with sharply declined sales and depleting footfall. To differentiate and win shoppers back, all major operators ar...
25 November 2020
South Korea’s largest mobile carrier, SK Telecom Co., announced a partnership with Amazon last week. This strategic relationship marks the US ecommerce giant’s first step into the country. A partnership that generates mutual benefits SK Telecom said that users of its 11Street platform will be able to access a wide range of products sold by Amazon. Through the partnership, Amazon will be a...
24 November 2020
The world’s largest convenience chain 7-Eleven continues to drive innovation. We provide the latest trading updates from U.S, Australia and Japan. U.S: 7-Eleven opens fifth Evolution Store 7-Elven has opened its second Evolution Store in Dallas and the fifth in the country. Located at 9750 Walnut Hill Lane, the new store features Laredo Taco Co., self-serve beverages on tap, fresh bakery, m...
18 November 2020
JD.com reported net revenues of CNY174.2 bn (US$25.7 bn) for the quarter ended 30 September, 2020, an increase of 29.2% year-on-year (YoY). Significant KPI (key performance indicator) increases Net revenues : CNY174.2 bn (US$25.7 bn), +29.2%YoY Net service revenues: CNY22.8 bn (US$3.4 billion), +42.7%YoY Annual active customer: 441.6m in the twelve months ended 30 September...
18 November 2020
CJ Express Group is boosting its footprint to 1,500 stores, up from 530 stores it is currently operating. Three-year expansion before listing Founded in 2005 by Mr Sathien, CJ Express operates mainly convenience stores and some supermarkets in the central and the western provinces. The retailer plans to have 580 stores by the end of the year. "The retail business is not as easy as expected...
17 November 2020
The country’s major internet companies, such as Alibaba, JD.com and Meituan, are likely to be hit by the rules. Rules to prevent tech monopolies China’s State Administration for Market Regulation (SAMR) issued a draft of new anti-monopoly rules on 10 November. The goal is to prevent monopolistic behavior, such as: Hosting companies restricting brands from selling on multiple platforms...
17 November 2020
South Korea’s leading private equity firm MBK is making plans to exit from its investment in the country’s third largest grocery retail chain, Homeplus. Selling top branches and poised to exit MBK owns a 100% stake in Homeplus after paying KRW7.2 tn (US$6.5 bn) in 2015 . Homeplus Union claimed that MBK sold several real estate assets, including branches, land and employee training and ...
17 November 2020
Central Retail Corporation (CRC) has achieved V-shaped recovery in the third quarter of 2020, 87% Q1 sales level. The retailer reports Q3 revenue of THB47,573m (US$1,577m) and a net profit of THB746m (US$24.7m). Food segment sales supported by Vietnam growth Vietnam food business grew +0.4% for Q3 while Thailand registered -18% decline compared to last year. Overall, the food segment is -11...