April Wu

China Market Strategy

June 14, 2016

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Retail News Roundup – Jun 14

The top 5 retail news clips in Asia this week.

Newspaper

1 -Bangkok’s pop-up restaurants are changing the retail landscape

The trend for pop-ups or “restaurants without tenants” in Thailand’s Bangkok is giving shopping malls in the central business district and main streets in the suburbs a new lease of life. >>

2 – Japanese Company to Build Three Shopping Centers in Greater-Jakarta

A Japanese company plans to invest around Rp 900 billion ($68 million) to build three shopping centers in the Greater-Jakarta area in the next two years, raising hopes that it would boost much-needed foreign investment in the country and spur the sluggish property market.>>

3 – Survey: 37% of China’s generation Z thinks money is key to happiness

A recent report by communications agency OMD China suggests China’s Generation Z cares less about money, but that hasn’t necessarily affected Chinese consumers’ overall outlook toward their peers who buy high-end products, especially in first-tier and second-tier cities. >>

4 – Robinsons Retail Philippines eyes 200 stores

Robinsons Retail Philippines has announced it will add 200 stores, mostly convenience stores and supermarkets. >>

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April Wu

China Market Strategy

June 2, 2016

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Retail News Roundup – Jun 2

The top 5 retail news clips in Asia this week.

Newspaper

1 -Apollo Tyres opens office in Malaysia; expands footprint in ASEAN region

Apollo Tyres has set up an office in Malaysia, the third largest automotive market in the ASEAN region, as the company eyes expanding its presence in the country. >>

2 – Luxury growth needs entry-level products

Luxury brands need to consider creating a range of “entry-level” products to attract some 50m new consumers in younger age groups and emerging markets over the next four years.>>

3 -Luxury brands Gucci, Zegna shutting shop as Chinese buyers turn thrifty

t’s already happened to middle-of-the-road stores across high streets and main streets. Now the world’s biggest luxury stores are starting to shutter outlets. The culprit is the Chinese consumer, who is starting to rein in spending at home and abroad. The effect will be no less severe: expect more closures to come. >>

4 – Lotte tests ‘Virtual Fitting Service’

Lotte Department Store is to implement a ‘Virtual Fitting Service’ for customers to try on clothes, without actually putting them on. >>

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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.

banking news_cover

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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