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Every Half, a Vietnamese coffee chain, recently raised $8 million in a Series A funding round with participation from current investors Openspace Capital and DSG Consumer Partners. This funding will be utilized to fuel the company’s expansion across Vietnam,…
Jorge Rubio Nava, Global Head of Citi Social Finance, recently outlined Citi’s global role in social finance and the prospects for growth in Vietnam and throughout Asia. Citi’s Impact in Social Finance Since its establishment in 2005, Citi Social Finance has…
TikTok, the renowned Chinese social media platform, has pledged an investment of $125 million in Ho Chi Minh City. The funds are intended to boost logistics services, digital commerce, and digital payment systems in the bustling Vietnamese metropolis. Pledged…
In the initial two months of 2026, durian exports to China have seen a significant upsurge, increasing by 469% compared to the previous year. Lobster exports have also witnessed a substantial rise, growing by 65% during the same period. The sale of durian…
Despite global economic instability and the strain of domestic living costs, Australia’s food and beverage manufacturers experienced a surge in revenue during last summer, according to the most recent Manufacturing Health Index published by Unleashed…
E-commerce heavyweights, Amazon and Flipkart, are planning to venture into the financial services sector in India, by offering loans and buy-now, pay-later (BNPL) options. This strategic move is poised to challenge the traditional banking sector. Amazon’s…
Singapore’s financial technology (fintech) industry is advancing into a new phase of sophistication. This phase is characterized by the embracement of artificial intelligence (AI), the introduction of stricter regulations, and an increasing focus on regional…
In September, retail sales in Singapore continued their upward trajectory, albeit at a slower pace than in August. Overview of Retail Sales Singapore’s retail sales, excluding motor vehicles, witnessed a 2% growth in September. This figure is slightly lower…
Woolworths, a major retail group, has announced a rise of 2.7 percent in its total sales for the first quarter of the current fiscal year. The increase, which pushed the company’s revenue to $18.5 billion, is mainly due to a surge in food sales and the…
L Catterton, an investment firm supported by luxury goods group LVMH, has entered into a strategic partnership with Seki Furniture, a prominent furniture producer and retailer in Japan. Established in Okawa in 1968, Seki Furniture originated as a wholesaling…
The retail landscape in Asia is witnessing a striking transformation as digital shopping experiences increasingly complement traditional brick-and-mortar stores. Consumers are embracing a fusion of online convenience and in-store engagement, creating a unique…
The Thai telecommunications landscape is poised for steady growth, with fixed communication services expected to see a compound annual growth rate (CAGR) of 2.6%, rising from USD 2.2 billion in 2024 to USD 2.5 billion by 2029. According to GlobalData, this…
The banking sectors across South Korea, Taiwan, Thailand, Hong Kong, and China are bracing for challenging times ahead, with a deteriorating outlook for 2025 driven by increased trade tensions and tariff impacts that are expected to hamper loan growth and…
Cafe de Coral, a prominent foodservice operator, has disclosed a slump in earnings, attributing the setback to a frail economy and lukewarm consumer sentiment. The fiscal report for the year ending March 31 revealed a 1.4% slide in revenue, resulting in…
Italian fashion group Prada sees opportunity in the booming second-hand fashion sector which it can develop both in-house and through partnerships, marketing chief and heir designate Lorenzo Bertelli said. The market for pre-owned chic bags and clothes has…
Shopee took just two years to become Brazil’s most downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce: in-app mini-games offering coupons to winning users. The Singapore-based company has combined…
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