Accelerators & Incubators
Policy & Regulation
Central Retail to Take Full Control of Local JV with Japan’s FamilyMart
Following the completion of the deal, Central Retail will take full control of the nearly 1,000 FamilyMart outlets in Thailand.
National Bureau of Statistics
China retail sales dive 20.5% in Jan, Feb
Retail sales of consumer goods for January and February in China dropped 20.5% reaching ¥5,213 billion compared to the same time last year.
Retail Analytics Company Trax Acquires Survey.Com
This is the company’s third acquisition since raising a $100 million funding round in July 2019.
Retail aggregator F5 raises seed round from LetsVenture investors
Founded in 2018 by IIM-Lucknow batchmates Raghav Arora and Lalit Kumar Aggarwal, F5 provides opportunities for its partner vendors to upsell and cross sell their products ranging from refreshments to services.
Singapore’s GIC, Capital Research investing in Thailand’s Central Retail IPO
The IPO, first announced in July, comes after Thailand took the top IPO ranking in Southeast Asia in 2019 with $4 billion in fundraisings.
Retail Sales of Social Consumer Goods in 2019 Increased by 8%
total retail sales of social consumer goods was ￥3.8777 trillion, a year-on-year increase of 8.0%. Retail sales of consumer goods except cars was ￥3.4349 trillion, increasing by 8.9%.
China's New Retail Member Data Intelligent Service Provider Namek Raised Tens of Millions of Yuan in Series A Round Funding Led by Huaou Equity Investment
This round of financing will be used for product research and development, market expansion and team optimization.
Walmart India Lays Off 56 Senior Execs Amid Focus On Tech
The company also plans to shut its Mumbai fulfilment centre and lay off more employees in April.
Chinese Community Retail Platform Nice Tuan Raised $88.3 Million in a New Round Funding
The investment will be used to beef up spending on supply chain and technology.
Ghanaian retail-tech startup KudiGO opening Nigerian office, also targeting East Africa
Ghanaian startup KudiGO, which builds solutions for the consumer retail industry, is opening its Nigerian office this month, while it is also making inroads in East African markets.
noon cosies up to China
It is the first time that such technology has been used in the Middle East and demonstrates the strengthening of ties between noon and China.
Amazon India inks long-term deals with Future Retail, FCL
This comes after Amazon agreed to buy 49 percent stake in Future Coupons Ltd that in turn holds a stake in Future Retail Ltd (FRL).
Thai tycoons-led CP Group, Central said to vie for Tesco’s $7b Asia business
The Thailand and Malaysian operations of Britain’s largest supermarket chain Tesco Plc. are on the shopping lists of Thai tycoons.
Retail sales of consumer goods set to top $5.73 trillion in China
Total retail sales of consumer goods is likely to reach 41.1 trillion yuan this year, up 8 percent on a year-on-year basis.
Central Retail plans to raise up to $2.7b in Thailand’s biggest IPO
Thailand’s largest retailer, Central Retail Corporation, plans to raise up to 81.1 billion baht ($2.7 billion) in an initial public offer (IPO), the company said in a filing on Thursday, in what would be the country’s largest IPO.
South Korea’s Lotte to shut down online marketplace in Vietnam
South Korean conglomerate Lotte is shutting down Lotte.vn, its Vietnam-focused online marketplace connecting merchants with buyers, citing a change in its retail strategy.
by Deal Street Asia
Tata Group Looks To Acquire 49% Stake In Walmart’s Indian B2B Biz
The deal will help Tata Group to enter into India’s cash-and-carry business.
Vietnamese conglomerate Vingroup pulls out of retail business
The Hanoi-based firm said it will merge its e-commerce site Adayroi with e-payment unit VinID, and wind up its electronics retailing business VinPro.
by Deal Street Asia
Dubai’s Floranow raises $3 million Series A for its B2B floral marketplace
Floranow plans to use the investment to support its growth in Kuwait and further expand into GCC, starting with Saudi Arabia.
Malaysian beverage distributor Etika acquires Singapore’s Advend Systems
Malaysia-based drinks distributor Etika Sdn Bhd has agreed to acquire Singapore-based vending machine operator Advend Systems, which is backed by Dymon Asia Private Equity, according to a press statement.
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