Will Chagee become the “Starbucks of tea” globally?
Last Friday, Chagee, a leading chain of tea drinks from China, went public on Nasdaq. On its first trading day, the share price closed...
Why did Grab acquire a taxi license in Singapore?
Grab is building a taxi company in Singapore. Last week, it was announced that GrabCab, a subsidiary of Grab, had been granted a taxi...
Douyin opens quick commerce to influencers
Douyin (the Chinese version of TikTok) has expanded its Xiaoshida（“小时达”）Instant Delivery Service to all e-commerce influencers, allowing them to sell products with one-hour local...
Shopee brings back Ronaldo, with a twist
Do you still remember Shopee’s Cristiano Ronaldo ad in 2019, in which the famous Portuguese footballer danced to the ecommerce platform’s earworm tune?
That ad...
What does Mixue have in common with Temu and J&T?
Mixue, China’s and world’s largest F&B chain by store count, went public in Hong Kong Stock Exchange. The market was obviously excited - the...
ShopeeFood overtakes Gojek in food delivery
ShopeeFood riders in Bandung, Indonesia
Shopee’s food delivery business kept growing at a rapid pace, even though the management of Sea Group (Shopee’s parent) stopped...
Sam’s Club’s good days in China might be numbered!
This article was written by a friend of Momentum Works who has more than 25 years experience in retail and supply chain management in...
Why big techs didn’t use the DeepSeek approach
This article, originally published in Chinese, was excerpted from the notes of a discussion that took place in Beijing on Sunday 26 Jan 2025....
Mixue overtakes Starbucks as world’s largest F&B chain by store count
Mixue, China’s largest chain of milk tea and ice cream, has become the largest F&B chain globally by store count.
The company filed for a...
[Press Release] Chinese F&B Brands have opened more than 6,100 outlets...
SINGAPORE, 9 January 2025 — Chinese F&B brands have opened more than 6,100 outlets in Southeast Asia as of 31 December 2024, according to a new...
