Asia news & analysis

14 May 2021
Dairy Farm International has reported that its sales in the first quarter of 2021 continue to be significantly affected by the pandemic.  Shopper behaviour has now normalised, affecting comparison with sales performance in 2020 Since spending patterns of consumers have now normalised compared with the high sales base in the first quarter of 2020, like-for-like sales of Dairy Farm’s grocery ...
14 May 2021
Alibaba Group announced financial results for the quarter and fiscal year ended 31 March 31, 2021. Full-year 2020 revenue rose 41% to CNY717.3 bn (US$109.5 bn). The company also reached a milestone of over one billion annual active consumers. March quarter revenue up 64%YoY, but with an operating loss due to the anti-monopoly fine Revenue was CNY187.4 bn (US$28.6 bn), an increase of 64% YoY...
13 May 2021
South Korea’s largest ecommerce company reported first quarter results since its blockbuster IPO. Revenue jumped by 74%YoY, reaching US$4.2 bn The Seoul based company reported a 74% jump in revenue from the year-ago period to KRW4.75tn (US$4.2 bn). That slightly beat FactSet estimates of KRW4.74tn (US$4.19 bn). It was the company's first quarterly report since its  initial public offerin...
12 May 2021
To stand out from the highly competitive digital world, brands are now using drone displays to create memorable marketing campaigns in China. Hyundai’s Genesis brand used 3,281 drones to create its logo The show lit up Shanghai’s skyline on 29 March to mark the brand’s arrival in China. That number of drones sets a new Guinness World Record for “The Most Unmanned Aerial Vehicles (UAVs) airb...
12 May 2021
The partnership enables shoppers to get delivery from 25 Cold Storages and 30 Giant stores. Free delivery in May Shoppers can expect delivery within an average time of 32 minutes. The prices will remain the same as retail prices in-store. Products include fresh produce, meat, dairy and a wide range of snacks, including Dairy Farm’s private label Meadows. Dairy Farm joins a list of specia...
11 May 2021
The company has rolled out a new set of measures to benefit merchants and sellers on its online marketplaces, Tmall and Taobao, after record anti-trust fine .      Offering services free or at lower costs, supported by technological improvements Alibaba Group Chairman and CEO Daniel Zhang said that ongoing technological improvements and upgrades have enabled the company to expand its por...
10 May 2021
Boots has opened its first three stores with PT Mitra Adiperkasa Tbk (MAP), a lifestyle retailer in Indonesia. A quick store turnaround Walgreens Boots Alliance (WBA) announced plans to expand into the Indonesian market in 2019, with Boots International signing an agreement to form a store development partnership with MAP. The first set of store openings were expected to occur in the s...
04 May 2021
India’s second wave of COVID-19 infections continue to worsen, with no signs of slowing down.  The country’s overwhelmed healthcare system faces a shortage of hospital beds, oxygen, medicines and vaccines.  This has prompted another round of movement restrictions, with shorter operating hours even for grocery operators and other essential services.  And as more frontline workers report unwell, re...
04 May 2021
CEO of Alibaba’s Freshippo grocery retail chain, Hou Yi, has announced expansion plans to open 10 more Freshippo X Stores in 2021. The first store is profitable within two months of the store opening The first X Store, Alibaba’s membership-only wholesale store, opened in October last year in Shanghai. Hou Yi revealed that the store is making profit by end of 2020, merely two months from t...
29 April 2021
Shopping malls will reduce operating hours in 18 high-risk provinces. The context After a year of relatively minor outbreaks, Thailand is recording its biggest and fastest spread of COVID-19. The number of cases has increased to 61,699, doubling the number since the start of April. There are 178 fatalities. The Thai government has yet to start mass vaccinations. New hours will take effec...