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Li & Fung, which trades convenience chain Circle K in Hong Kong, announced a strategic investment from JD.com to further develop its digital supply chain.

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In response to the Coronavirus (COVID-19) pandemic, convenience operators are implementing measures to ensure everyone has access to the food and consumer goods products they need. We will continue to update this article as the latest initiatives are announced. Latest from UK Co-op is rapidly accelerating its online expansion to more than double the number of stores planned. Find out mor...
Despite challenging trading conditions, Hong Kong-based Convenience Retail Asia (CRA) has posted a robust set of annual results, with Group revenue increasing by 5.9% to HKD5,632m (US$724.8m). Revenue and profits up despite tough trading conditions Overall increase in revenue was mainly attributed to a 6.1% growth in comparable-store sales for the convenience store business (turnover increa...
Foodpanda has launched its on-demand grocery delivery service, Pandamart, in Hong Kong. Committed to increasing partners and products Foodpanda began testing Pandamart last November. During testing, Pandamart was able to fulfil orders within 25 minutes. The service aims to maintain an average delivery time of 15 minutes. Foodpanda partners with 1,000 businesses and sells more than 14,000...
Hong Kong-based Convenience Retail Asia (CRA) has posted a solid set of results for the first half ending 30 June, with Group revenue increasing by 5.0% YoY to HKD2,703m (US$344.7m). Circle K’s comparable store sales increase 4.4% again Circle K's comparable store sales increased 4.4% YoY – matching what it achieved this time last year. This contributed to total sales of HKD2,185m (US$278.6...

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