Topic
24 stories in this topic
Alibaba and main rival JD.com will enjoy fast growth in the fast moving consumer goods (FMCG) market, according to research from Goldman Sachs, as more people in China turn to online shopping for daily grocery items like food snacks, body care products and…
Chinese online sales are tipped to reach US$1.17 trillion by 2020, according to new research by Goldman Sachs. That compares with $750 billion in 2016. “While there have been concerns of a slowdown following the deceleration in growth to mid-20 per cent in…
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…
Yum! Brands has agreed with two partners to invest $460 million into Yum China, following its spinoff from the American fast-food giant. Also involved are China-based global private equity firm Primavera Capital Group and online and Alibaba subsidiary, mobile…
L Capital, an affiliate of luxury brand group LVMH, will invest US$50 million in Korean cosmetics company Clio, which aims to go public by the end of this year. Clio will issue redeemable convertible preference shares to be taken over by the investment…
A Vietnam payment platform start-up has received a US$28 million shot in the arm from private equity investors. M_Service, which launched the mobile e-wallet MoMo, received the boost from Standard Chartered Private Equity (SCPE), which invested $25 million,…
Goldman Sachs Asset Management (GSAM), the asset management arm of Goldman Sachs Group Inc, is making its foray into the local unit trust industry with the launch of 13 retail funds in 1Q 2016. The new GSAM unit trusts, previously available only to private…
A carve-up of Tesco Asia operations seems increasingly likely with credible reports in three different nations now of serious expressions of interest. While markets await firm news of progress of HSBC’s quest to find a buyer for the Tesco Korea business, the…
