Meituan launches in Saudi Arabia, where next?
After months of preparations, Meituan’s subsidiary Keeta officially went live in Saudi Arabia yesterday (9 Sept 2024).
Some thoughts:
We have analysed Meituan’s entry into...
How players profit in a world where ecommerce return rates reach...
In a recent discussion with a top live commerce MCN from China, I casually asked “what is the return rate for your category?”
“Guess?” The...
E90 – The Impulso Podcast – Closing the gap with China:...
In this episode of the Impulso Podcast, we leave the studio behind for Can Gio, a district set to become a major economic hub...
Temu parent’s share price drops ~30%: our thoughts
Yesterday (26 August), Temu’s parent company PDD Holdings released its Q2 2024 results. Revenue missed analyst consensus while profit beat expectations.
Stock prices started sliding...
E88 – The Impulso Podcast – Why Starbucks ousted 3rd chosen...
Starbucks has replaced CEO Laxman Narasimhan with Chipotle CEO Brian Niccol, in hopes that he can help revive Starbucks fading sales.
Since the beginning, Starbucks...
J&T Express turns profitable in China
Yesterday (19 Aug), J&T Express released its unaudited interim results for the 1st half of 2024. The company registered an adjusted EBIT of US$118.243...
Temu launches local marketplace in Korea and Japan
Followers of Momentum Works newsletter would know that since March, Temu has gradually shifted the focus on its US marketplace: from “full consignment” cross...
Shopee shines in Q2, where have its rivals gone?
Yesterday, Shopee’s parent Sea Group released its Q2 2024 results. The capital markets responded very positively, sending the share price up nearly 12%.
No doubt...
E87 – The Impulso Podcast – Chagee reenters Singapore
Chagee has returned in Singapore (after leaving earlier this year). Their grand opening drew massive crowds, with queues stretching for over an hour.
We did...
Lazada turns profitable for the first time
This morning (13 Aug), Lazada held a town hall where CEO James Dong revealed that the company had achieved positive EBITDA in July 2024...
