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Asia’s largest fast food player -Philippines-based Jollibee Foods, is seeking to take full control of China’s Happy Bee Foods Processing. The Manila company will buy an extra 30 per cent stake for US$10.4 million. Jollibee, which now has a 70 per cent stake…
As more people start using their smartphones or the internet to order food, China’s eCommerce leaders are in a battle for supremacy. Now a food-delivery startup backed by Tencent Holdings, Ele.me, is planning a fast funding round of at least $1.25 billion, in…
Foodpanda – relentlessly marching its way across Southeast Asia, gobbling up rival food delivery businesses and creating monopolies – has shocked the online community by closing its Vietnam business. According to a report in online business news website Deal…
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