Indonesian Coffee Business Startup Raises USD 20 Million

Jul 1, 2019

Indonesian startup, Kopi Kenangan raised USD 20 million from Sequoia India in June 2019. Previously in October 2018, the company raised USD 8 million in seed funding in a round led by AlphaJWC. Founded in 2017 by Edward Tirtanata and James Pranato, the start-up aims...

MDEC Chooses Synagie to Accelerate E-commerce Adoption in Malaysia

Jul 1, 2019

MDEC is the Malaysian government’s lead agency tasked with driving the growth of the digital economy in the country. Together with the Ministry of International Trade and Industry, MDEC heads the National eCommerce Strategic Roadmap, an initiative meant to spur on...

7-Eleven Eyes Expansion Worth USD 69 Million

Jul 1, 2019

Philippine Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, announced plans to spend PHP 3.5 billion (USD 69 million) primarily to roll out new stores and re-model existing outlets as part of the company’s long-term development plans....

Omnichannel Retail Model Gathering Steam in Singapore

Jul 1, 2019

A recent report on Channel NewsAsia by Tan Soo Jiuan, Associate Professor in the Department of Marketing at the National University of Singapore Business School, highlighted the growing importance of omnichannel model for e-commerce outlets in Singapore. This is a...

Tesco Thailand Could Open 750 New Convenience Stores

Jul 1, 2019

British supermarket giant Tesco-Lotus is evaluating opening 750 new stores in Thailand over the next three years, bringing along with it almost 10,000 jobs. Tesco already has a network of about 2,000 stores across Thailand, along with online shopping platforms. This...