Redmart

Digital Economy

The good old e-commerce days are gone

From hourly updates during mega-sales days in the past, Lazada is now stonewalling journalists asking for details of layoffs.

Food & Beverage

Alibaba helps Korean grocery pioneer take Korean food to Singapore

The move marks the first overseas push for the seven-year-old startup, which is preparing for an initial public offering at home.

Covid-19

ComfortDelGro taxis double up as RedMart's grocery delivery vehicles amid virus woes

Come end-April, some of these taxis will double up as grocery delivery vehicles for RedMart, the online grocery arm of Lazada, which has seen a surge in requests for home deliveries.

Lazada acquires Redmart which will continue to operate independently

SINGAPORE (Nov 2): Alibaba unit Lazada on Wednesday signed an agreement to acquire online grocer Redmart for an undisclosed amount.
RedMart

Online grocer backed by Facebook billionaire said to seek buyer

SINGAPORE (Sept 20): RedMart, the Singapore online grocer backed by billionaire Facebook Inc. co-founder Eduardo Saverin, is seeking a buyer as competition intensifies in the city-state, people with knowledge of the matter said. RedMart is working with

Broker's Calls

Sheng Siong’s threat is edging nearer than you think

SINGAPORE (Sept 16): UOB Kay Hian is initiating coverage on Sheng Siong Group (SSG) with a “hold” and target price of $1.13 given that the stock price is reflecting all the positive views at current levels. Long term though, SSG’s will face higher c

What drives Singaporeans to seek start-up jobs?

SINGAPORE (July 20): More Singaporeans are looking to pursue careers in start-ups, according to the results of Career Builder Singapore’s Employer of Choice 2016 Survey, which 1,837 respondents took part in over the course of March 26 to May 22 this yea
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