Online news

15 May 2019
Honestbee will stop delivering food from restaurants and temporarily suspend laundry service in Singapore from 20 May.  Strategic review to optimise business The retailer will continue to operate its grocery delivery service and cashless supermarket called habitat in Singapore. However, shoppers will not be able to order food and laundry delivery services from next week. The retailer announ...
03 May 2019
Honestbee CEO and cofounder Joel Sng has stepped down from his position, making way for Brian Koo who is part of the family that controls South Korea's LG. LG is one of the largest company in South Korea. It oversees US-headquartered investment fund Formation Group, a key investor and shareholder in honestbee. Fresh funding likely for the startup Mr Koo wrote in an e-mail to the company tha...
01 May 2019
 JD.com plans to invest CNY6.5bn (US$965.1m) in Thailand over the next three years to strengthen its fresh food business. Offering shoppers more choices In partnership with Yonghui, JD.com plans to import large quantities of durian, mangosteens, coconuts and other fruits from Thailand worth CNY5bn (US$742.4m). JD.com itself will also source an additional CNY1.5bn (US$222.7m) worth of fruits...
29 April 2019
Online grocery and food delivery service temporarily ceases operations in Hong Kong and Thailand. Intense competition forces retailer to rationalise operations Honestbee, the operator of habitat by honestbee, has suspended operations in Hong Kong, Thailand and Philippines. In a statement released by the retailer, it says that it is taking this action to “ simplify what we do and how we do i...
29 April 2019
Making use of the funds raised from most recent round of investments. Currently operating in 25 cities in the country Backed by Alibaba, India’s BigBasket has announced plans to scale up its supply and distribution chains. From its existing network of 18 large and 80 small distribution centres, the retailer will expand to 20 large and 100 smaller centres by June.   With the increase in d...
24 April 2019
AEON has partnered online grocery delivery company HappyFresh in Malaysia to provide shoppers greater convenience. Purchasing groceries on HappyFresh mobile app AEON Malaysia continues to step up its ecommerce initiatives. It previously announced partnership with Honestbee , and now is allowing customers to buy groceries via the HappyFresh mobile app. Users will be able to choose from appr...
23 April 2019
Dei, an online grocer in Singapore which focuses on Indian groceries, aims to create more marketplaces for different communities in Singapore. Dei brings together Indian merchants on Little India Dei which stands for "Daily Everything Indian" is a startup that partners supermarkets, wet markets, small provision shops and specialty stores to sell groceries online. The marketplace was launche...
18 April 2019
Coupang’s revenue for 2018 hits KRW 4.42tn (US$ 3.5bn), a new record for Korea’s ecommerce market. Growth supported by heavy investment The retailer’s revenue grew by 65% over 2018, an impressive leap from 40% growth in the previous year. Its losses also jumpred to KRW 1.1tn last year from KRW 638.8 bn in 2017. The eight-year-old retailer has lost money every year and will continue to inves...
15 April 2019
Amazon has increased the price of Amazon Japan’s Prime membership. Fee flat for 11 years Amazon Prime was launched in Japan 11 years ago and the 3,900 yen cost has remained unchanged up until now. Amazon has increased the cost to 4,900 yen (US$44), a 26% increase. The company cited the growing number of services available to members. In recent years, Amazon has improved its offering in Japa...
15 April 2019
India’s largest ecommerce retailer optimises its supply chain with a string of innovations. Using data science to reduce costs and improve efficiencies Flipkart is relying on technologies such as artificial intelligence, data science and the internet of things to optimise its supply and logistics chain. The ecommerce retailer has created a supply chain that features these technologies to ha...