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Starbucks is setting its sights on India, one of its fastest-growing markets worldwide, with plans to launch up to 100 stores per year. The renowned coffee chain, despite coffee being a less popular choice than tea in India, sees substantial potential for…
JD.com, a prominent Chinese e-commerce company, has inaugurated its first physical JD Mall in Hong Kong. This venture marks the beginning of an ambitious expansion strategy, which projects the opening of 6 to 8 more stores across the city over the forthcoming…
In 2005, Muji, the Japanese lifestyle retailer, established its first store in Mainland China at one of Shanghai’s prime retail destinations, Nanjing West Road. Today, 20 years later, the company has adopted a subtler growth approach in China. Despite making…
VinFast, a prominent electric car manufacturer, has unveiled a bold strategy to supply one million electric vehicles (EVs) to Green SM, a rising ride-hailing service, by 2030. In addition to this, the deal stipulates the addition of four million electric…
Asian private equity firm, ZWC Partners, has recently made an investment in the South Korea-based company, Iicombined, the force behind the renowned eyewear brand, Gentle Monster. This move is part of the firm’s plan to expedite its global expansion across…
Chagee, the acclaimed Chinese tea chain, has experienced yet another boost in revenues, despite the ongoing expansion of its stores seeming to take a toll on its profit margins. Currently, Chagee owns a staggering 7531 teahouses, located primarily in Greater…
Flying Tiger Copenhagen, a Danish variety store chain renowned for its affordable home goods and craft kits, has been acquired by Modella Capital, a UK-based private equity firm. Established in 1995, Flying Tiger Copenhagen operates nearly 1000 outlets in…
As part of its ongoing global growth strategy, Skims, the shapewear and apparel brand, has announced plans to launch its first flagship store in Greater China. This major milestone will be located in Hong Kong’s bustling Times Square in Causeway Bay, with the…
Xiaomi Corp., a leading Chinese tech firm known for smartphones and electric vehicles, announced a 43% decrease in net profit in the first quarter of 2022. A variety of factors such as increased memory and other component costs, domestic competition, and…
United Overseas Bank (UOB) Private Bank has announced the appointment of seasoned banker Paul Zhou as the Market Head for Greater China. This strategic move is aimed at accelerating the bank’s expansion plans in one of Asia’s most fiercely contested wealth…
UK-based bakery company, Bread Ahead, has initiated its Asian expansion strategy with the inauguration of its first outlet in Thailand, located in Siam Paragon, on May 30. This marks a significant milestone for the brand as it looks to expand its footprint in…
Jollibee, a leading Philippine fast-food company, is stepping up its franchising efforts in Vietnam, aiming to expand its presence in one of Southeast Asia’s most fiercely contested quick-service restaurant (QSR) markets. The move follows the brand’s…
Panpuri, a prominent fragrance brand from Thailand, has recently announced an aggressive expansion plan that aims to establish 16 new retail outlets across Asia within the year. This initiative marks a significant step in the company’s comprehensive growth…
Southeast Asian superapp, Grab, has reported its strongest first quarter to date, with plans to expand beyond its home market for the first time. It plans to do so with an investment of $600 million. Grab’s CEO and co-founder, Anthony Tan, expressed his…
Swedish furniture giant, Ikea, is intensifying its expansion strategy in China by launching a more compact store model in the eastern part of Beijing. This move is part of the company’s shift from its traditional large-scale stores towards smaller and more…
Vivaia, a footwear brand originating from China, is extending its footprint in the United States with the launch of two new retail locations, highlighting the company’s ongoing commitment to increasing its physical availability globally. The first location…
