SMCP returns to growth, ending legal battle Asia On August 11, 2025, SMCP (including Sandro and Maje) announced the end of a legal battle from 2021.…
E-commerce: Graas AI raises $9 million to accelerate deployment of AI agents Asia On August 11, Graas AI, a Singapore-based start-up specialising in AI agents for e-commerce operations, raised $9 million in a pre-Series B round led by Tin Men Capital.…
With the acquisition of Ceconomy, China’s JD.com enters the European e-commerce market Asia On July 30, China’s leading e-commerce company JD.com announced the acquisition of German electronics specialist Ceconomy (1,030 MediaMarkt and Saturn stores,…
India: Walmart subsidiary Myntra sued for tax fraud Asia In India, on July 23, the Directorate of Enforcement (ED) filed a complaint against Walmart subsidiary Myntra (2024 market cap: 600 million dollars,…
Negotiations between Seven & I and Alimentation Couche-Tard come to an end Asia Takeover talks between Alimentation Couche-Tard (ACT) and Seven & I (2024 revenue: 122 billion dollars, up by 4.4% year-on-year) have ended after a year.…
Regulatory: Pakistan tightens taxation on foreign platforms Asia On July 1, the Pakistani government imposed new taxes on foreign platforms operating online without a physical presence in the country.…
India: After Skechers and Huda Beauty, Birkenstock files lawsuit for counterfeiting Asia As an array of clothing brands shift industrial production to India to reduce dependence on China, Birkenstock, Skechers and Huda Beauty are facing a battle over intellectual property rights.
With tourism on the rise, Lawson is capitalising parking lots by renting Asia On July 7, 2025, Japanese convenience store chain Lawson (2023 revenue: 7.56 billion dollars, up by 8.8% year-on-year) announced the launch of a trial parking rental service for tourists.…
E-commerce: China tightens regulations on pricing and algorithms Asia On June 27, 2025, the Chinese government adopted a new amendment to the law against unfair competition,…
Shein must pay €40 million fine for misleading business practices Asia Europe On July 3, the French Ministry of Economy fined ultra-fast fashion giant Shein 40 million euros for misleading business practices following an investigation by the General Direction for Competition Policy,…
