Business deals
Philippines' Jollibee to buy South Korea's Compose Coffee for $238m
Acquisition adds coffee chain to fast-food purveyor's portfolio
Trade
Indonesia to levy 100-200% duties on clothing, ceramics, minister says
Tariffs could also soon affect imports of footwear, textiles and cosmetics
Companies
Temu, Shein must give info on EU tech rules compliance by July 12
Order includes details on protection of minors, notification of illegal products
Business Spotlight
South Korea delivery giants lock horns in post-pandemic price war
Cutthroat competition hits drivers' wallets and raises safety concerns
Technology
Amazon to launch Temu-style bargain corner for Chinese sellers
Section on its main website will offer goods under $20 as price battle heats up
Retail
Japan's Aeon to take on 4,000 skilled foreign workers by fiscal 2030
Retailer to take advantage of March expansion to key work program
Retail
Uniqlo parent to digitally track materials across its supply chain
Fast Retailing wants to keep stores well stocked by collecting factory data
Interview
Japan cheap even at high 130 yen range to dollar: Takashimaya CEO
Department store head says sales to foreign tourists to rise 24% this fiscal year
Retail
Mall Group touts Bangkok shopping center as entertainment hub
Thai company hopes to attract tourists from abroad with concert halls and hotels
Companies
Japan weaver helps Marlmarl, other luxury brands fight fakes
Small label maker develops anti-counterfeit thread for easy detection
Business deals
Kirin to purchase Japanese skin care company Fancl for $1.3bn
Brewer to launch tender offer in bid to bolster supplements business
Retail
Lotte's South Korea e-commerce arm offers early retirement
Money-losing company eyes reorganization after struggling against Coupang and Naver
ESG
'Yakult ladies' go to work for Mercari to unearth latent assets
Old-fashion sales style could help reignite growth at one of Japan's digital giants
IPO
China's Shein faces laundry list of concerns over possible London IPO
Analysts cite questions for apparel retailer on ESG, Beijing approval, valuation
Business Spotlight
Japan's convenience store chains chase elixir of growth across Asia
Indonesia, Thailand, China in focus as retailers face aging, shrinking home market
Companies
Vingroup guards red-ink EV unit VinFast by selling off retail cash cow
Vietnamese conglomerate pursues asset sales and IPOs to raise cash
Companies
Alibaba and Temu threaten Coupang's e-commerce crown in South Korea
Online retailer falls into red as it ramps up investment to defend share
Companies
Japan's second-highest-paid exec works for 7-Eleven parent
Seven & i director DePinto's $49m compensation boosted by U.S. growth
Food & Beverage
Japanese firms 'reimport' items originally developed for Asian markets
Sodas, noodles prove popular among domestic consumers too
Business trends
Temu parent PDD tops Alibaba's market cap again on big earnings
E-commerce giant vows to uphold compliance standards amid intensified scrutiny
Retail
Top Danish jeweler Pandora breaks ground on factory in Vietnam
Company known for bracelet charms sets gender parity and renewables goals
Caixin
China fines KFC franchise, others for rejecting cash payments
Government wants to ensure physical currency remains an option
IPO
Haidilao restaurant operator Super Hi surges 46% on U.S. listing debut
Popular Chinese hot pot eatery lists in the U.S., broadening shareholder base
Retail
China's JD.com beats expectations in first quarter with price cuts
Home appliances and logistics services for overseas expansion help drive growth
Companies
Alibaba shares plunge despite quarterly sales beating expectations
E-commerce group says Hong Kong listing upgrade coming by August