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Singapore consumers’ migration from food halls to supermarkets during the Covid-19 pandemic has proven a windfall for grocery operator Sheng Siong Group. Sales for the June quarter surged 75.8 percent to US$304.3 million, gross profit margin improved from…
Chinese social commerce platform Taobao has inaugurated a new rating system to reward deserving young creators and small enterprises with broader market exposure on the fifth anniversary of the firm’s Taobao Maker Festival. The exposure is designed to bring…
Grab has expanded its grocery-delivery service GrabMart into eight Southeast Asian markets within the last three months. Initially launched in two countries as an on-demand daily essentials delivery service during the Covid-19 pandemic, GrabMart is now…
Hong Kong-headquartered Dairy Farm is to sell its Wellcome Taiwan grocery retail business to Carrefour, with settlement later this year after regulatory approvals have been granted. The deal – worth about €97 million – includes about 224 stores and…
Grocery shopping online is poised for explosive growth in China, with more than half consumers saying they are buying more online even after stores reopen. According to research by GlobalData, consumers in the region got used to purchasing online during the…
Food-delivery service Foodpanda in the Philippines has expanded into grocery deliveries. Partnering with major retailers such as 7-Eleven, the company said it has introduced a “Shops” function on the Foodpanda app. “Shops provide Foodpanda users more options…
Malaysian digital grocer Mygroser is raising its first public funding round as it enhances its delivery capacities in the midst of the continuing coronavirus pandemic. The business is targeting profitability within 12 months followed by expansion within the…
Kurly, a South Korea-based grocery-delivery startup, has netted Series E funding totaling KRW200 billion (US$160 million). The funding round for the five-year-old company was led by DST Global, with additional participation from several existing backers –…
South Korean premium grocery-delivery firm Kurly has procured funding of US$150 million from its existing investors. Backers contributing to the Series E funding round were Sequoia Capital, Hillhouse Capital, and Digital Sky Technologies, placing the firm’s…
Familymart Taiwan is aiming to open 220–230 new stores in the territory this year, as the Japanese convenience-store chain franchise, emerges unaffected by the coronavirus turmoil. The firm’s takings in this year’s first financial quarter are anticipated to…
Thai grocery wholesaler Loxley is pivoting to delivery services as the coronavirus pandemic continues. Loxley’s distribution subsidiary LTC has set up an online grocery store for essential items during the country’s lockdown period, with some of the firm’s…
Online grocery-delivery services in Malaysia are facing overwhelming demand, with some firms forced to suspend or limit delivery operations. A 600-per-cent spike in orders recorded last month was fuelled by panic buying while stay-at-home orders remain in…
Philippines grocery operator MerryMart has filed to raise up to PHP1.6 billion (US$31 million) in its forthcoming IPO. The firm is seeking the funds to finance its nationwide expansion program, according to DealStreetAsia. It expects to operate 1200 stores…
China’s two e-commerce giants are driving the most growth in Asia’s online grocery market according to a new report from international researcher IGD. JD and Alibaba now boast a combined grocery-sales growth which in value terms is outstripping that of the…
The global grocery market is at high by the influence of Asian grocery market. Though there has been certain stagnation in growth in Western Europe and North America, the overall global grocery sales set to reach about US 10 trillion by the year 2023 that…
Japanese supermarket operator Aeon is seeking to expand its e-commerce arm by hiring British online grocer Ocado. Aeon will use Ocado’s technology to set up a new online platform capable of fulfilling national orders to a level of ¥600 billion (US$5.52…
