Asia news & analysis

09 October 2020
Alibaba is set to acquire a stake of around 10% in travel duty-free company Dufry. New Retail and digital transformation Full details of the deal have not yet been disclosed. It would, include, however, a new joint venture setup (51% owned by Alibaba and 49% by Dufry). As part of the JV, Dufry will contribute its existing travel retail business in China. Dufry is the world’s largest duty...
08 October 2020
Seizing the current “small and beautiful” retail trend in the country, Carrefour launched its first fresh food community store in Shanghai on 30 September. Fresh food and community focused store Situated at No. 1157, Zhonghua New Road, Shanghai, the store occupies an area of approximately 430 square meters. The store carries around 3,000 SKUs, with a focus on fresh products. The range of...
08 October 2020
Healthiful is a health-focused food store that first opened as a shop-in-shop in a Tops supermarket at CentralPlaza Chaengwattana. The retailer has just launched a new stand-alone store that includes a café under the Healthiful banner. Cafe designed to attract health-conscious group Source: Central Food Retail The cafe offers a wide range of health...
01 October 2020
Vinshop, developed by Vingroup, is a new platform that connects traditional shop owners with supplier partners. A wholesale online model Vingroup has sold Vincommerce retail, which operates a chain of supermarkets and convenience stores, to Masan at the end of last year. It also closed Adayroi, its ecommerce website selling to consumers. With VinShop, traditional grocery store owners can bu...
01 October 2020
Foodcourts by GrabFood is a new feature on Grab Malaysia’s platform. Mix and Match with one delivery fee Shoppers can order food from multiple stalls in a single food court and pay only one delivery fee. This reduces the delivery fee for consumers while supporting local eateries. The service is available in food courts across Klang Valley, Penang, Johor Bahru, Kuching, Kota Kinabalu, Melaka...
30 September 2020
Joining the competition with Costco and Walmart’s Sam’s Club, the retailer opens its first membership-only wholesale store in Shanghai. Challenging Sam’s Club and Costco The new wholesale store, known as X store, opens in Shanghai on 1 October. Goods bought in the X store can be delivered in half a day if the customer lives within a 20-km radius from it. “ We hope we can improve our capa...
29 September 2020
Aeon Stores Hong Kong, which operates stores in Hong Kong and on mainland China has posted a 6.7% increase in sales revenue to HKD5,158m (US$665.5m) for the six months ended June 30, 2020. Hong Kong revenue up 15.9% YoY Revenue from Hong Kong operations in the first half increased by 15.9% to HKD2,423m YoY. The Group expects to expedite the opening of Living Plaza branches in the third quar...
29 September 2020
Alexander Kremer, a Director in JD.com’s Omnichannel Supermarket Group, discusses how JD.com’s omnichannel business has evolved in recent years, the impact of COVID and ways that Western brands could adopt to enter China. Prior to joining JD.com, Alexander worked at Mobvoi, McKinsey & Company, and IBM. His study background is in Global Affairs (Schwarzman College/Tsinghua University) and Inter...
28 September 2020
In response to more consumers staying at home, retailers in Japan are investing more in their online grocery offer. Convenience stores expanding into delivery In May 2020, Lawson expanded the scope of stores offering the Uber Eats food delivery service to include some stores in 10 prefectures across Japan. Lawson started offering the delivery service in August 2019, initially within Tokyo. ...
28 September 2020
7-Eleven in Taiwan has partnered with a restaurant and a hotel to offer freshly cooked meals at one of its stores. Advance ordering meal service 7-Eleven has launched a meal service at its Dongxing Road store in Taipei. Customers can order boxed meals prepared by Regent Taipei chefs and restaurant Su/food. Orders can be picked up from the 7-Eleven store on the same or following day. The ...