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Jaya Grocer
Jaya Grocer is a Malaysian upscale supermarket chain. As of 2021, it operates 40 stores in Peninsular Malaysia, with most of its locations in the Klang Valley. The chain was founded in 2007 by the Teng family, aiming to establish a premium supermarket brand. The family previously founded the Teng Minimarket Centre in Bangsar and the Giant supermarket chain before selling both retailers to Hong Kong-based DFI Retail Group. AIGF Advisors, a private equity investor, acquired a 45% stake in Jaya Grocer in 2016 after investing in the chain in 2016. Teng Yew Huat owned the remaining 55% of the company. The Teng family bought back AIGF's stake in 2021. Jaya Grocer became a subsidiary of Grab, a Singaporean technology company, following its acquisition of the supermarket chain from the Teng family seventeen days after the family's buyback of AIGF's stake. Grab CEO and co-founder Anthony Tan said that the acquisition would allow the company to deliver on-demand groceries to customers fa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peninsular Malaysia
Peninsular Malaysia ( ms, Semenanjung Malaysia; Jawi: سمننجڠ مليسيا), or the States of Malaya ( ms, Negeri-negeri Tanah Melayu; Jawi: نڬري-نڬري تانه ملايو), also known as West Malaysia or the Malaysian Peninsula, is the part of Malaysia that occupies the southern half of the Malay Peninsula in Southeast Asia and the nearby islands. Its area totals , which is nearly 40% of the total area of the country; the other 60% is in East Malaysia. For comparison, it is slightly larger than England (130,395 km2). It shares a land border with Thailand to the north and a maritime border with Singapore to the south. Across the Strait of Malacca to the west lies the island of Sumatra, and across the South China Sea to the east lie the Natuna Islands of Indonesia. At its southern tip, across the Strait of Johor, lies the island country of Singapore. Peninsular Malaysia accounts for the majority (roughly 81.3%) of Malaysia's population and economy; as of 2017, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grab (company)
Grab Holdings Inc., commonly known as Grab, is a Singaporean multinational technology company. It is the developer of the ''Grab'' super-app, which provides users with transportation, food delivery and digital payments services via a mobile app. Grab currently operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam. It is Southeast Asia's first decacorn, and the biggest technology startup in the region. Founded by Anthony Tan and Tan Hooi Ling in 2012 as the ''MyTeksi'' app based in Kuala Lumpur, Malaysia, it expanded the next year as ''GrabTaxi''. It has since expanded into other services, following the super-app model. In 2014, it moved its headquarters to Singapore and rebranded as "Grab". History Founding and expansion The idea of creating a taxi-booking mobile app for Southeast Asia, similar to those being pioneered in the US, first came from Anthony Tan (, ''Chen Bingyao'') while he was at Harvard Business School. Motiva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Klang Valley
Klang Valley ( ms, Lembah Klang; zh, 巴生谷; ) is an urban conglomeration in Malaysia that is centered in the federal territories of Kuala Lumpur and Putrajaya, and includes its adjoining cities and towns in the state of Selangor. It is conterminous with Greater Kuala Lumpur, although there are variations between the two. The Klang Valley is geographically delineated by the Titiwangsa Mountains to the north and east and the Strait of Malacca to the west. It extends to Rawang in the northwest, Semenyih in the southeast, and Klang and Port Klang in the southwest. The conurbation is the heartland of Malaysia's industry and commerce. As of 2020, the Klang Valley is home to roughly 8 million people. Origin The valley is named after the Klang River, the principal river that flows through it that starts at Klang Gates Quartz Ridge in Gombak and flows into the Straits of Malacca in Port Klang, The river is closely linked to the early development of the area as a cluster of tin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangsar
Bangsar is a residential suburb on the outskirts of Kuala Lumpur, lying about south-west of the city centre. It is part of the Lembah Pantai parliamentary constituency. Bangsar is administered by Dewan Bandaraya Kuala Lumpur (DBKL), unlike other townships in the Klang Valley such as Petaling Jaya and Subang Jaya which have their municipal councils. Neighbourhood residents' associations and business councils play a part in communicating with the local authority, but they exercise no legal or administrative power. Malays make up most of the population at 61%, followed by the Chinese at 24%, Indians at 15%. History In the year 1906, Malaya was still under British administration. The London-based Kuala Lumpur Rubber Co. Ltd. (KLR) was incorporated on 19 May 1906. It set out to plant rubber trees around Kuala Lumpur to capitalise on the booming rubber price brought about by the introduction of the modern motor-car which require pneumatic rubber tyres as a replacement for h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Giant (hypermarket)
GCH Retail (Malaysia) Sdn Bhd (doing business as Giant Hypermarket) is a hypermarket and retailer chain now mainly in Malaysia, Singapore, Brunei and Cambodia, and formerly Indonesia and Vietnam. In 2016, Giant was the largest supermarket chain in Malaysia. History Giant was founded in 1944 as a small grocery store in Kuala Lumpur and expanded with the opening of the Teng Minimarket Centre (TMC) in Bangsar in 1974. In 1999, Dairy Farm International Holdings bought a 90% interest in the chain, with the Teng family retaining the balance. By 2003, the holding company for the chain had changed its name to Dairy Farm Giant Retail Sdn Bhd, and the chain had eight Giant hypermarkets and 10 supermarkets as well as three Cold Storage supermarkets. Today, the company operates as a subsidiary of Dairy Farm International Holdings Limited and the name was changed to GCH Retail (Malaysia) Sdn Bhd. GCH Retail is 30%-owned by Syarikat Pesaka Antah Sdn Bhd — a company controlled by the Neg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DFI Retail Group
DFI Retail Group Holdings Limited (formerly known as Dairy Farm International Holdings Limited) is a Hong Kong retail company with its legal base in Bermuda. A member of the Jardine Matheson Group, it is a major East Asian-Southeast Asian retailer involved in the processing and wholesaling of food and health and beauty products. Jardine Strategic, a publicly listed holding company, has an attributable 78 percent stake in the firm. It is listed on the London Stock Exchange, with secondary listings on the Singapore and Bermuda stock exchanges. The head office is in the Devon House in Taikoo Place, Quarry Bay, Hong Kong. As of 31 December 2020, the Group, its associates and joint ventures operated over 9,997 outlets; Wellcome/Food World (supermarkets), a controlling stake in Maxim's Catering (foodservice), Cold Storage (supermarkets), Jasons Market Place/Market Place by Jasons/Jasons Food Hall (high end supermarkets), Giant (hypermarkets), Hero (supermarkets), Mannings/Guardia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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