Section
Kurly Corp. the operator of South Korean e-grocery platform Market Kurly, said Wednesday it will postpone the initial public offering (IPO) originally planned for early this year, due to harsh market conditions. “We decided to push back our planned IPO with…
Airasia’s food delivery ambitions seem to have halted in Singapore. The brand’s web-based platform informed users that addresses within Singapore were outside its coverage area. This was the case for 12 consecutive days from 20 December 2022 to 31 December…
Hong Kong delivery platform Lalamove has claimed its year-on-year growth in Vietnam doubled in the first 11 months this year. But it has not released figures for either year. Vietnam is a key and positive market, its CEO Paul Loo said during a recent visit to…
Hemp-powered skincare brand Hey Bud has rolled into more than 400 Priceline stores nationwide, as the startup readies for Australian authorities to embrace a greater variety of cannabis and CBD-infused products. Hey Bud offers a range of serums, cleansers,…
Grab Holdings, Southeast Asia’s biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation, the Singapore-based company’s chief executive told staff in a memo. The measures include a…
Thailand-based food delivery platform and unicorn Line Man Wongnai is negotiating to acquire the local unit of Foodpanda. German online food-delivery service provider Delivery Hero owns Foodpanda Thailand. Citing people familiar with the matter, the news…
Indonesia’s PT GoTo Gojek Tokopedia said on Wednesday it has sold its stake in local retailer Alfamart worth 1.5 trillion rupiah (US$96.03 million), days after the tech firm announced its strategy to focus on accelerating profitability. The announcement comes…
Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation, the Singapore-based company’s chief executive told staff in a memo. The measures include a…
Grab Vietnam has appointed Alejandro Osorio as its new managing director as part of its drive to achieve “robust sustainable growth” in its local operation. Osorio, an American who has worked for Grab for five years, previously served as director for regional…
Online shopping and cooking platform Cooky has raised $4.5 million in a funding round led by Vietnam’s Do Ventures, South Korea’s Nextrans. The funding will be used for research and development to create more nutritious recipes at a better cost, said Cooky’s…
Six takeaways from the most-updated nationwide report reveal what IT professional salaries and expectations in 2022-2023 look like. Designed to address and understand the multifaceted IT job market with tons of “rosy myths” about salary and tasks, “Salary &…
Vietnamese electric motorbike startup Dat Bike has secured $8 million in a funding round, bringing the total since its establishment to $16.5 million. The round was led by returning investor, Singapore-based Jungle Ventures, with participation from GSR…
Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia Tbk said on Friday (Nov 18) it was laying off 1,300 workers, or 12 percent of its workforce, joining a wave of technology firms retrenching after years of rapid hiring due to an uncertain economic outlook.…
Delivery service provider Deliveroo has ceased trading in Australia, entering voluntary administration after about seven years of operation in the country. The British-headquartered multinational announced the closure to customers and online on Wednesday…
Hanoi company Airlios has demonstrated a flying electric car which it plans to sell commercially in 2024. The single seater, also called Airlios, could fly vertically to reach 10 meters within 10 seconds and then fly at speeds of 100 kilometers per hour, the…
An Indonesian-based online restaurant startup, Dailybox, opened a new kitchen in Singapore. Various Indonesian dishes can now be ordered through GrabFood delivery service in Singapura. Dailybox Group CEO Kelvin Subowo explained that they decided to expand…
Weekly Briefing
We respect your inbox as much as we value your time. That's why we only send carefully curated weekly updates, packed with the most relevant news, trends, and insights from the retail industry across Asia and beyond.
