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Alibaba fined US$2.75bn for anti-monopoly violations by Chinese regulators

Inside Retail

billion) – around 4 per cent of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market position. It said the practice violates China’s anti-monopoly law by hindering the free circulation of goods and infringing on the business interests of merchants.

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Why mattress disruptor Koala is getting in bed with homewares

Inside Retail

Additionally, any homewares that get returned to the business will be put back into circulation through charities or resale, like its larger pieces. From bed frames to sofas, launching its own take on various home staples is key to the business’ growth plans, Costello said. All of its homewares are machine washable and made to last.

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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Reports have been circulating for more than a month now that Thailand’s Central Group is in talks with Vietnam’s Vincom Retail that could lead to the Thai company buying a majority stake. The slowdown in openings is understandable after a breathtaking four-year period from 2015-19 when Vincom opened more than 50 malls.

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Analysis: How Vietnam’s malls are riding the wave of recovery

Inside Retail

On 12 July, a rumour circulated on social media that the chairperson of Vingroup, which includes Vincom Retail, Vietnam’s largest mall operator, had been barred from leaving the country. The rental market in Vietnam, particularly in the CBDs of its largest cities, is rebounding well after the dog days of FY21. Vincom currently has 1.7