10 stories in this topic
After operating as a licensee for 36 years, Yum China is poised to acquire full ownership of Pizza Hut in Mainland China. This substantial move was guided by the company’s impressive second-quarter earnings report, which revealed a 13% year-on-year increase…
South Korea has put forth a proposal that seeks to introduce amendments to the existing property tax laws to levy higher rates on affluent property owners in an effort to stabilize the country’s overheated housing market. This development was made public on…
Luckin Coffee, a leading coffee chain in China, recently celebrated a significant expansion mark. The brand’s international presence now spans over 35,000 locations across the globe. This development underscores Luckin’s rapid growth both in its home country…
China’s e-commerce export sector is facing difficulties due to increasing jet fuel costs and a decrease in demand from lower-income consumers in the West. These challenges have arisen as a result of the ongoing conflict in Iran, which is affecting profits for…
In April, Singapore’s retail sales growth accelerated, with most sectors, especially petrol service stations, experiencing significant advancements. The Department of Statistics reported a 4.5% rise in retail sales, excluding motor vehicles, parts, and…
Miniso Group, a prominent retailer based in China, reported a significant growth in sales in its first quarter, owing to strong performances across all business areas. The company’s revenue saw a year-on-year increase of 28.5%, totalling up to US$824.6…
Even as the cost of raw materials rises, food service operators in Johor, the southernmost state of Malaysia, have not yet increased their prices. However, if the Middle East conflict continues, these increases may become unavoidable. Adapting to Rising Costs…
South Korea’s premier online retailer, Coupang, has witnessed an increase in profits in the third quarter, reflecting a sustained momentum in sales growth. Revenue and Profit Analysis The firm’s net revenues have experienced an 18% upsurge to reach $9.3…
Meituan, China’s top food delivery company, has reported an 89 per cent decrease in its net profit during the second quarter. The company attributes this major drop to escalating competition in the ‘instant retail’ sector, which specializes in delivering…
Sea Ltd, a formidable player in the digital commerce and gaming industries, exceeded market projections for quarterly revenue. The considerable surge was fueled by high demand for its Shopee e-commerce platform and its gaming division, leading to a near 19…