April Wu

China Market Strategy

May 25, 2016

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Retail News Roundup – May 25

The top 5 retail news clips in Asia this week.

Newspaper

1 – Philippine GDP growth surpasses China

The Philippines has surpassed China in terms of GDP growth, for the first time in three decades, making the country the best performer in Asia* in Q1 2016. >>

2 – China market: 780 million smartphone-based active surfers in 2015, say report

The most frequently visited websites were of three categories: social networking, search and e-commerce.>>

3 -Big C Thailand to open 84 new stores this year

Big C unveils its expansion plan of USD140-160m. The retailer is going to open 6 hypermarkets, mainly in the Northeast and South of Thailand, three Big C Market stores upcountry, including in the Northeast and about 75 Mini Big C stores, of which 50 will be through franchising. >>

4 – Gap to Close Old Navy in Japan, Warns of Earnings Shortfall

Gap Inc., under pressure to turn around operations amid a prolonged sales slump, said it plans to close all its Old Navy stores in Japan and some Banana Republics mostly outside of North America by the end of its business year. >>

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April Wu

China Market Strategy

May 19, 2016

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Banking News This Week – May 19

The top 5 banking news stories in emerging markets this week.

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1 – RHB eyes Indonesian commercial banking sector

RHB Capital Bhd (RHBCap), the country’s fourth largest banking group, plans to go into commercial banking in Indonesia, possibly via mergers and acquisitions (M&As). >>

2 – SCB strives for bigger footprint in VN

VIETNAM’S booming economy is beckoning foreign investors, including Thais, so Thai banks have decided to inject more capital here to support Thai business activities and accelerate loan growth. >>

3 – VN could become upper-middle income nation

Viet Nam could reach upper-middle income status (US$22,000 purchasing power parity per capita) by 2035 by growing with sustainability, equity and social inclusion, and being a capable and accountable State, a World Bank official has said. >>

4 – Fitch: FinTech to bring big opportunities, risks for Asia banks

Large unbanked populations in countries such as India, and the emergence of tech-savvy middle classes in countries such as China, Indonesia and the Philippines, will offer significant growth opportunities for “FinTech” companies. >>

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April Wu

China Market Strategy

May 17, 2016

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Retail News Roundup – May 17

The top 5 retail news clips in Asia this week.

Newspaper

1 – Asia’s ‘alpha women’ drive spending

Becoming a parent drives Indian and Chinese women to work harder and earn more, according to a study which says Asian women should not be seen as docile home makers but as “an economic powerhouse”. >>

2 – China’s mobile shoppers make more “impulse” buys on Wechat

As mobile commerce continues to grow in China, Chinese consumers are increasingly using WeChat to make “impulse” purchases, according to McKinsey’s recently released iConsumer China 2016 survey.>>

3 – Thai debut for new generation Line app

Hong Kong’s on-demand delivery app Lalamove is partnering with mobile platform Line to expand its delivery services in Bangkok. >>

4 – Asian athleisure market expanding into kids

The burgeoning athleisure fashion trend is especially popular among Koreans these days. Now, according to reports out of Seoul, the Asian athleisure market is expanding into children’s apparel. >>

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April Wu

China Market Strategy

May 10, 2016

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Retail News Roundup – May 10

The top 5 retail news clips in Asia this week.

Newspaper

1 – Aeon reports 64% net profit decline in China

The report revealed that Aeon’s Hong Kong business revenue decreased by 1.7% to HKD3.82 billion and its Chinese mainland business revenue increased by 4.6% to HKD5.152 billion. >>

2 – China: Top chains have ‘toughest year’ in 2015 as sales growth decelerates, margins narrow

Total sales for the largest 100 chain retailers reached 2.1 trillion yuan ($324.24 billion), increasing 4.3 percent from a year earlier, read the report from the China Chain Store & Franchise Association (CCFA). >>

3 – Hong Kong retail sales ‘worst in history’

A MasterCard spending survey released ahead of the official government data this afternoon shows March Hong Kong retail sales declined at the worst rate in the history of the survey. >>

4 – Line Thailand expansion plans include business

Mobile platform Line Thailand has announced bold plans, targeting business uses. Part of Korea’s Naver internet service company, Line sees Thailand as its second-largest strategic market following Japan. >>

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April Wu

China Market Strategy

April 19, 2016

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Retail News Roundup – Apr 19

The top 5 retail news clips in Asia this week.

Newspaper

1 – FamilyMart to enter Malaysia ahead of TPP

The convenience store chain aims to open its first Malaysian location in Kuala Lumpur by the end of the year, with plans to launch 300 stores in the country over five years. >>

2 – Online shopping in rural China nearly doubles in 2015

ONLINE shopping is thriving in rural China, with last year’s transactions nearly double the 2014 amount, a Ministry of Commerce official said. >>

3 – Metro expands into convenience store market in China

Metro Cash & Carry said it will expand into the convenience store under the brand MyMart with two stores initially set to open in Shanghai next month. >>

4 – Asia dominates global mall development pipeline

Asian cities dominate the top 10 cities in the global mall development pipeline, according to the latest report of commercial real-estate services firm CBRE. >>

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