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Chinese hotpot giant Haidilao is making another attempt to break into the burger industry with its new venture, Fresh Burger, while simultaneously growing its budding sushi brand, Nyoisushi. This diversification comes as the company’s main business…
The popular Singapore-based Jumbo Group has recently announced its intention to broaden the reach of its Ng Ah Sio Bak Kut Teh brand in China, commencing with a focus on Shanghai. Joint Venture for International Expansion Jumbo Group’s wholly-owned…
SK Telecom, a prominent South Korean telecommunications company, has recently announced the formation of a new subsidiary, SK Hyper. This initiative aims to advance the company’s artificial intelligence data center (AIDC) division, and expedite South Korea’s…
Japanese brewing company Sapporo is set to enter into a strategic partnership with Danish brewer Carlsberg, which entails a $643 million investment for a 25% stake in a Singapore-based joint venture. This venture, which will span across Southeast Asia and…
Berjaya Food, a major player in the food and beverage industry, has concluded their collaboration with Paris Baguette, marking the end to the alliance that brought the esteemed South Korean bakery chain to Malaysia in 2023. In an effort to sever ties with the…
A silver fund run by UBS’s Chinese partner has drawn a wave of complaints from investors. The grievances have been sparked by a decision to change benchmarks, a move that has reportedly resulted in greater losses than investors had anticipated. Over 200,000…
South Korean investment firm, The Venture, has recently acquired the majority shares of Chicken Plus’ business operations in Vietnam. This is part of their overseas investment project fund. Chicken Plus: An Expanding Brand Chicken Plus, a renowned fried…
HSBC is making a significant stride into the Singaporean market with the establishment of its Innovation Banking division. This move is marked by a considerable investment of $1.5 billion, aimed at promoting rapid expansion firms and improving the local…
Thailand’s Cafe Amazon seems prepared to bow out from the local market after a half-decade attempt to square up with local coffee chains. At the forefront of this decision is Central Plaza Hotel Public Company Limited (Centel), who will be stepping away from…
Adrian Cheng, a scion of one of Hong Kong’s wealthiest families and former CEO of major developer New World Development, has unveiled a new venture focused on the digital sector and burgeoning markets. The new firm, Almad Group, was introduced on Sunday.…
The antitrust regulator of South Korea has provisionally approved a joint venture between Shinsegae Group’s Gmarket and Alibaba’s AliExpress Korea. This approval paves the way for a new contender to challenge the market, which has been historically dominated…
Sun Group, renowned for its breathtaking resorts and amusement parks, has just received the green light for a new airline—Sun PhuQuoc Airways. This dynamic new carrier sets its sights on offering travelers a fresh way to explore Vietnam and beyond, and it’s…
Vietnamese electric motorbike startup Dat Bike has secured $8 million in a funding round, bringing the total since its establishment to $16.5 million. The round was led by returning investor, Singapore-based Jungle Ventures, with participation from GSR…
The Singapore-headquartered exchange will begin scaling up operations with the appointment of a new COO and CFO. Zipmex has appointed Uber’s former APAC head of central operations, Scot Cheung, as chief operating officer (COO) and venture capitalist and…
Australian vitamin retailing disruptor Vitable has secured $5.5 million in a series A funding round, drawing interest from a raft of recognized investors including Germany’s Rocket Internet, parent of Global Fashion Group and Hello Fresh, among others.…
Swedish outdoor heritage brand Fjallraven has launched a local online presence in New Zealand, as part of a broader push into the ANZ market. The move follows the launch of a local Australian site in 2017, and the opening of two brick-and-mortar stores,…
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