The two companies have gained Taiwan’s Financial Supervisory Commission (FSC) approval to roll out electronic payment services in all stores. Intensifying competition in the e-payment sector PXPay Co Ltd and All Win Co Ltd, which is 67 percent owned by FamilyMart, have been granted approval in June to launch the services, according to Taipei Times. The two firms would be allowed to offer...

French grocery retailer Auchan Retail is considering selling its stake in hypermarket chain RT-Mart in Taiwan, marking the last step of its exit from Asia. A deal worth US$300m to US$400m According to a report by Bloomberg, Auchan Retail, the largest shareholder of RT-Mart in Taiwan, is seeking to selling its stake in the chain. Its 65% stake in RT-Mart is expected to sell for US$300m to US...

Asia-based ecommerce platform Shopee intends to premiumise its beauty offerings, by increasing its focus on K-beauty brands.  Sales of Korean beauty continues to grow in Southeast Asia and Taiwan Korean beauty products remain as one of the top-selling products of Shopee.  The retailer has seen more shoppers searching and buying K-beauty brands on its platform, due to the popularity of K-pop c...