Lazada Group’s Online Revolution, also known as 12.12, has again proven to be the biggest online shopping event in Southeast Asia, ringing up US$40.5 million in sales. About 60 per cent of the gross merchandise value (GMV) of the December 12 event came from…
Enterprise Asia, a non-governmental organization based in Malaysia that organizes the Asia Pacific Entrepreneurship Awards (APEA), honored retail pioneer Henry Sy, Sr. with a Lifetime Achievement Award last Dec. 1 at a ceremony held at the Dusit Thani Manila.…
CIMB Bank Bhd has launched a lifestyle mobile application, CIMB Pay that provides combine secure cashless payments with deals and offers. This enables the bank’s seven million customers to experience faster, easier and more secure payments at over 1,800…
Korean fashion retailer The Twee will open its first Southeast Asia flagship store at the new KL Gateway Mall in Kuala Lumpur. Set to open on January 12, the mall is part of the KL Gateway mixed development by Suez Capital in Bangsar South, Jalan Kerinchi.…
Control of the Foodpanda business has been sold by parent Rocket Internet, including the remaining Asian operations. German-based online food-ordering service Delivery Hero Holding, which is active in 33 countries, has acquired Rocket Internet-backed Emerging…
Malaysia’s trusted bookstore, Popular, achieved its goal of inculcating love for reading to around 90,000 visitors during its 10-day long Sabah Popular Mega Bookfair 2016. Popular Book Co (M) Sdn Bhd senior retail manager Samantha Tai said the third edition…
Hong Kong logistics startup Easyship has raised an undisclosed amount of pre-series A funding from 500 Durians, a fund managed by Silicon Valley’s venture capital major 500 Startups. Easyship is an online platform providing crossborder logistics services for…
As Southeast Asia eCommerce merchants set benchmarks in a booming industry, their efforts are about to be celebrated with the launch of annual awards. Based in Kuala Lumpur, online shopping aggregator iPrice Group has launched the iPrice eCommerce Merchant…
Sunway Malls picked up two Gold Awards in front of 700 malls professionals, retailers and affiliated industries players at the inaugural Malaysia Shopping Malls Association’s (PPK) Best Experiential Marketing Awards 2016. Sunway Malls emerged as winners in…
JD Sports Malaysia has opened its first flagship store – on level 5 of Pavilion shopping centre in Kuala Lumpur. It is the British sportswear retailer’s largest store in Southeast Asia with a floor area of 13,590 sqft and opens following the success of the…
Convenience store chain FamilyMart Malaysia is aiming to open up to 1000 stores by 2020. Out of Japan, the group is using a franchise business model in its newest market in partnership with agro-food company QL Resources, with which it has signed a 20-year…
McDonald’s said on Friday it had sold the franchise rights for its restaurants in Singapore and Malaysia to Saudi Arabia’s Lionhorn Pte Ltd as part of a plan to move away from direct ownership in Asia. The fast-food chain said it transferred its ownership…
Malaysia’s central bank, Bank Negara Malaysia, has approved the offshore loans that AirAsia‘s founders Tony Fernandes and Kamarudin Meranun will use to inject over MYR1 billion ($247 million) of new equity into the airline. As a result of the approval, the…
PCCW has announced that its Viu OTT video service has reached 4 million unique users one year after launch. Viu is now available in Hong Kong, Singapore, Malaysia, India, Indonesia and the Philippines, offering a range of premium Asian video content. Viu’s…
Performance Management and Delivery Unit (Pemandu) chief executive officer Datuk Seri Idris Jala will join Heineken Malaysia Bhd (formerly Guinness Malaysia Bhd) as chairman starting Jan 1, 2017. In a filing with Bursa Malaysia, the Selangor-based brewer said…
Fashion brand Tory Burch Malaysia has opened its second store following the success of its inaugural boutique at Pavilion Kuala Lumpur. On the ground floor of The Gardens Mall Kuala Lumpur, the store has a facade distinguished by a green awning and brass…
Retail Academy: Malaysia
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