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Singaporean technology group Sea – parent of e-commerce marketplace Shopee – more than doubled its revenues in 2021 thanks to growth in e-commerce and entertainment. Chairman Forrest Li said today the firm would now scale up its fintech offerings in Southeast…
Vietnam is among the top countries in Southeast Asia for coworking space provider WeWork, growing by 8 percent since early last year. Most of its customers in the country are in technology, pharmaceuticals, and manufacturing, while financial organizations are…
Seafood processing company Vinh Hoan Corporation has bought a 51.29 percent stake in the Sa Giang Import-Export Corporation. It bought 3.56 million shares from the State Capital Investment Corporation (SCIC) at VND97,500 per share in a deal worth almost…
U.S. fast-food chain Taco Bell plans to double its international footprint with Asian markets as the main driver for overseas growth as awareness about Mexican cuisine grows, a senior executive said on Wednesday. The Mexican-inspired Yum! Brands subsidiary,…
Five Southeast Asian Countries have attracted non-banks to build regional electronic wallet platforms, with total e-money transactions exceeding 10 billion. Indonesia, Malaysia, the Philippines, Singapore and Thailand saw over 10 billion e-money transactions…
Canadian specialty lingerie and swimwear label La Vie en Rose is expanding its business into Mainland China as part of a strategy to become twice as large and profitable within the next three years. The brand will launch in Guangzhou’s PO Park shopping mall…
Nike is considering the sale of its Hurley surfwear brand, according to a Reuters report. A general downturn in the sector has pushed other industry players within the space into significant difficulties, including rival brand Quiksilver – which filed for…
Swedish furniture and homewares retailer Ikea faces some unique challenges – and opportunities – as it expands its footprint across Southeast Asia. Copycats in Vietnam; cultural differences between Asians and Europeans; competition from other Ikea franchises…
Ikea mini-stores are planned by the Swedish furniture giant to boost its presence in Southeast Asia. It regards showrooms in smaller cities as a low-cost way to reach the growing middle class. Research firm Nielsen Holdings has estimated the population in…
Asia’s developing markets are some of the most promising places on Earth to sell fast-moving consumer goods (FMCG). They can also be a place to fail fast: The rules of the game are changing at an ever-increasing pace, and many multinational and local brands…
Google has launched its first Google Cloud Platform (GCP) region in Southeast Asia. Named “asia-southeast1”, the region, located in Singapore, has been established in a bid to improve latency for both GCP customers and end users in or near Singapore. The…
Smartphones are the go-to device for accessing the internet throughout South East Asia, and consumers expect fast performance of websites across all devices. This is among the key findings of a new “State of the user experience” research report released by…
FedEx will expand its global e-commerce business in an effort to compete for the growing number of packages shipped to consumers from China and Japan, executives said Monday. The company, which in 2014 acquired Bongo International, a company that helps…
Southeast Asian e-commerce revenues are likely to exceed $25 billion by 2020, Frost & Sullivan has predicted. This is more than double the $11 billion revenue in 2015, which the analyst firm said was achieved despite many setbacks as acquisitions, market…
Twenty four boats of Sail Indonesia participants arrived in Alor, East Nusa Tenggara on Thursday afternoon, and will travel to a number of destinations in Alor District. “The Board of Alor District government and the community welcomed the Sail Indonesia…
The largest commercial 3D printing facility in South-east Asia opened in Singapore today (Sept 28), capitalising on the rising demand for such services. Launched by NASDAQ-listed Ultra Clean Asia Pacific (UCT), which develops and supplies systems for the…
