Malaysia - News & Analysis

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....

DFI, which entered the Malaysia market 24 years ago, has decided to sell all of its food businesses to Macrovalue Sdn Bhd. What does it entail? DFI has been operating the business in Malaysia through GCH Retail (Malaysia) Sdn Bhd. GCH Retail is 70% owned by DFI and 30% by Syarikat Pesaka Antah Sdn Bhd. It operates a total of 40 Giants, eight Mercatos, two Cold Storages, one TMC and 40 Giant...

Alipay+ has strengthened its partnership with Asia’s largest food delivery platform, Foodpanda, to Malaysia.  Convenient payment for quick commerce TNG Digital was founded by Touch n Go and Ant Group, parent company of Alipay, China's largest digital payments platform. Foodpanda's partnership with Alipay+ and TNG Digital will enable the use of Touch n Go on their platform. This will be a sy...

We round up some of the retailer’s efforts in sustainability we have seen in our store visits around Asia in the last few months. 1. Lotus’s Malaysia adds food aid bins in stores Lotus’s encourages shoppers to join in their food surplus programme. It provides meals to children who have limited access to safe and nutritious food. 2. EV powered tuk tuk to Tops food hall in Thailand ...

We visited Lotus’s Ampang and caught up with the senior team at Lotus’s Malaysia to learn about the behind-the-scenes developments that have occured since the acquisition of Tesco Malaysia by Thailand's Charoen Pokphand Group (C.P. Group). 1. Lotus’s overall strategy Lotus’s will continue with the expansion plan, adding stores between 1,000 to 4,000 sq. m, in compliance with the Government'...

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...

Malaysia is becoming a hotspot for convenience operators. Read about the expansion plans of CU, Emart24, FamilyMart, GS25 as well as 7-Eleven Malaysia. 1. CU opens 100th store in MidValley CU, from South Korea, opened its first stores in Malaysia in 2021, after reaching a partnership with local convenience store company myNews Holdings Bhd. The retailer has already opened 50 CU stores pla...

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...

Lotus’s has recently rolled out the second phase of their “ImbasBalik” campaign which translates to “flashback” to support their shoppers with the rising costs of inflation. The #ImbasBalik campaign The campaign was originally launched during Hari Raya this year, where the prices of 20 grocery products were rolled back to pre-pandemic levels for a six-week period. The campaign was well re...