Insights Archives - KrASIA
WEBInsights. TikTok Shop’s GMV soared in 2023, putting Shopee and Lazada on edge. With GMV skyrocketing to USD 16.3 billion in 2023, TikTok Shop is shaking up Southeast Asia’s e-commerce market, giving Shopee and Lazada a run for their money.
From roadside stand to a global franchise: The rise of Mixue
WEBJul 25, 2023 · In the summer of 1997, Zhang Hongchao, armed with a meager capital of RMB 3,000 (USD 460), embarked on a journey that would lead to the creation of Mixue Bingcheng, a global chain of fresh ice cream and tea stores.Zhang Hongchao, together with his younger brother Zhang Hongfu, evolved from running a roadside ice stall in Zhengzhou, a city of 10 million people, to commanding a business empire ...
The top six Chinese coffee companies in 2020 bringing caffeine
WEBApr 16, 2020 · Chinese coffee companies have an enormous market in their backyard, where consumption grew at a compounded rate of 15% for the past decade and was estimated to be worth RMB 100 billion (USD 14.2 billion) in 2018, according to Jingdata, the insights arm of local tech media outlet 36Kr.. Now, there are more than 330 million coffee-drinkers in China as of June 2019, roughly 24% of the country’s ...
‘Stay hungry, stay foolish’: How Forrest Li built the ... - KrASIA
WEBMar 24, 2022 · In 2010, after a string of meetings with Pony Ma, co-founder and CEO of gaming giant Tencent, Li secured the exclusive publishing rights of global hit title, League of Legends, in Southeast Asia.Not long after, Tencent also handed over to Garena the publishing rights for three other popular games in the region, namely Honor of Kings, Crossfire, and WeFire.
CHINA BRIEF | Kuaidian closes nearly USD 100 million Series C
WEBJul 8, 2020 · Beijing-based Kuaidian, a content platform that hosts alternative novels and drama videos, has raised almost USD 100 million from investors led by Sequoia Capital China, and joined by earlier backers GGV Capital and Morningside Venture Capital, according to a post on GGV’s official WeChat account on Tuesday.. Kuaidian, which was founded in 2017, features a highly interactive online community ...
Altara Ventures’ general partners Tan Chow Boon and Gavin
WEBFeb 14, 2022 · Founded in 2020, Altara Ventures is a Singapore-based VC that focuses on early stage startups in Southeast Asia. Investing in sectors such as fintech, consumer, enterprise software, logistics, healthcare, and education technology, the company recently raised USD 130 million for its inaugural fund.
After 33 years, McDonald’s is finally accelerating its ... - KrASIA
WEBFeb 14, 2024 · McDonald's wants to boost its presence in China from 6,000 to 10,000 stores by 2028, but faces competition from another global fast food chain with a broader footprint.
KrASIA | Spotlighting Asia’s next wave of innovations
WEBKrASIA reports the most promising trends and businesses across the tech and startup ecosystems in the Asia Pacific. Uncover the next wave of innovations with us.
With over 36,000 stores worldwide, Mixue Bingcheng is ... - KrASIA
WEBFeb 5, 2024 · According to IPO Zaozhidao, Mixue Bingcheng submitted its prospectus to the Hong Kong Stock Exchange on January 2, 2024, with plans to list on the main board. Bank of America, Goldman Sachs, and UBS Group will serve as joint sponsors. As a global made-to-order beverage company, Mixue Bingcheng focuses on offering a high-quality and affordable range of made-to-order fruit drinks, teas, ice ...
Inside Tokopedia, the Indonesian e-commerce company offering
WEBMar 22, 2021 · Tokopedia is a pioneer of e-commerce in Indonesia. After serving millions of consumers and merchants for more than a decade, this unicorn company is planning to go public in 2021, possibly through a merger with on …