Indonesia news

JD.com reported its revenue increased by 9.9% to CNY1.05 tr (US$151.7 bn), and its operating income rose by 104.2% to CNY29.0 bn (US$4.2bn) in its full year 2022 results. In Q4 2022, JD.com’s revenue grew 7.1% to CNY295.4 bn (US$42.8 bn), while its operating income reached CNY4.8 bn (US$700m), compared to a loss of CNY400m (US$58.0m) in 2021. Performance of JD.com’s four key segments J...

Alibaba Group reported its Q3 revenue, for the three months ending 31 December 2022, rose 2% to RMB247,756m (US$35,921m), and net income of RMB35,031m (US$5,079m), which is up 12%. Seven key segments performance highlights China commerce sales reduced 1% to RMB169,986m (US$24,646m) International commerce sales grew 18% RMB19,465m (US$2,822m) Local consumer services sales rose 6% ...

Dairy Farm International (DFI) reported its 2022 group revenue declined 0.9% to US$27,597m. Its underlying profit fell to US$29m, from US$105m in 2021. The Health and Beauty segment experienced strong sales growth due to the post-COVID-19 reopening of the economy, while the food segment showed signs of sales recovery DFI’s five segments performance highlights Food segment sales fell 3....

JD.com failed to grow in the countries in the face of tough competition in Southeast Asia. Challenging growth conditions JD.com did not provide reasons for its exiting of Indonesia and Thailand. JD.ID was launched in 2015 with Provident Capital, while its Thailand platform was launched in 2017 with Central Group. JD offered both direct sales and marketplace models in the countries. It also ...

Indonesia-based HappyFresh, an on-demand grocery delivery provider, has streamlined its operations to focus on its domestic market, giving up its presence in Malaysia and Thailand. Restructuring towards a more streamlined business model HappyFresh was the first Instacart-style grocery delivery service to launch in Southeast Asia in 2014. Based in Indonesia, it expanded to Taiwan, Philippine...

Dairy Farm International reported total revenue of USD 18,511mn, increased by 1%, and operating profit of USD 76mn, decreased by 37%, year-over-year in H1. It should keep improving sales and profitability, especially in food grocery retail, which suffered the most from COVID-19 impacts in the region. Sales normalizing in supermarket   Excluding the sales from non-grocery, associates and j...

The retail giant plans to invest IDR 3.5tn (USD 240.7mn) for its growth strategy in 2022. Adding capacity to its store and warehouse networks The funds are to be allocated to open new stores, paying overdue outlet leases, buying land and building warehouses to reach a greater number of shoppers in Indonesia. Through the first quarter of 2022, Alfamart has already added 317 new stores i...

The sustainability initiative is piloted by A.S Watson at the Serpentine Green Shopping Centre Superdrug store in Peterborough, UK. This follows some of the efforts introduced in its Asian stores like the refillable stations and plastic recycling programs. New Greener Stores Global Framework The global framework for sustainable practises introduced by A.S Watson takes a holistic approach ...

Retailers and suppliers are taking small steps to invest in the metaverse in Asia. Get up to speed with the developments through this article and our report here . Indonesia: Alfamart convenience investing in the metaverse Alfamart is collaborating with an AR/VR company to bring the relevant technology to the business. Alfamart and WIR Group have been working together since 2015...

This year's Ramadan celebrations are marked with families getting together and giving. We highlight three types of giving in Asia post pandemic. For more Ramadan executions, keep an eye for our full report on Ramadan and Eid coming in the next couple of weeks. 1. McDonald's Indonesia As the world opens up, McDonald’s Indonesia wants to encourage people to build new connections with those wh...