Retail

Shopline has grown to provide services to over 250,000 SMEs in seven markets across Asia, including China, Vietnam, Singapore, Thailand, and Malaysia.

The 153-year-old conglomerate has been acquiring new-age internet companies that align with its vision of creating an online retail empire.

The robust performance was mainly driven by the rapid increase in online sales of medicines and healthcare products.

Ula draws inspiration from neighborhood retail in India, and already has 30,000 kiosks signed on in Indonesia.

Masan-controlled VinCommerce will gain the right to sell its groceries on Lazada Vietnam.

The union that forms GoTo takes place after a merger between Gojek and Grab fell through in December 2020.

Plans include tech investment, digital bank tie-up, coworking spaces, and coffee.

Una Brands said it will use the funds to acquire companies that generate between USD 300,000 and USD 20 million in annual revenue.