Markets/Malaysia/News

Malaysia - News & Analysis

23 November 2023
Leading South Korean convenience retailers have entered seven foreign markets in recent years and continue to grow with the help of the global K-pop frenzy. In this article, we will delve into four reasons why K-convenience stores win over shoppers’ hearts in Asia. 1. Exclusive Korean assortment and experience that can’t be replicated elsewhere Although there are more Korean supermarkets ar...
07 November 2023
Seven interesting formats of 7-Eleven around the world 7-Eleven is the world’s largest convenience retail banner in terms of revenue and stores, with a global presence across more than 20 markets. Catering to local needs While 7-Eleven is well known for its food-to-go and beverage range, its global presence means it and its global franchisees may sometimes flex its format to meet local n...
28 September 2023
Foodpanda, owned by Delivery Hero, is in negotiations to sell its food delivery business in selected Southeast Asia markets (including Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmart and Laos). Grab, a ride-hailing, taxi, food delivery and grocery app in Southeast Asia, is a potential buyer according to a report by a German media company. We explore three reasons why Foodpanda ...
27 June 2023
Ant Group, the operator of Alipay+, has announced the expansion of Alipay+ coverage to all 7-Eleven stores in Malaysia. Four leading mobile wallets accepted in 7-Eleven Malaysia Users of four leading Asian mobile wallets, including AlipayHK (China's Hong Kong SAR), GCash (Philippines), Kakao Pay (South Korea) and TrueMoney (Thailand), can now seamlessly pay in 7-Eleven in Malaysia using the...
18 May 2023
FamilyMart’s new café concept FamiCafé saw one of its stores become the first convenience store café concept in Malaysia to receive Halal certification. It launched its first FamiCafé store in end 2022, and aims to have 300 Halal-certified stores by 2025. Removing alcohol for range optimisation and certification In order to receive Halal certification from JAKIM, Malaysia’s government agenc...
30 March 2023
Alibaba Group has announced its new organisational structure aimed at supporting each of the group’s business make faster business decisions and achieve independent financing through market funding, thereby unlocking greater potential for shareholders. Business will be broken into six core business groups Taobao Tmall Commerce Group will include ecommerce platforms such as marketplaces...
07 March 2023
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% ...
06 March 2023
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....
24 February 2023
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...
03 February 2023
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...