April Wu

China Market Strategy

July 20, 2016

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Banking News This Week – Jul 20

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

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1 – Standard Bank app launched in Uganda, Namibia, Ghana & Botswana

Standard Bank has broadened its horizons by introducing its Global Banking App to four additional African countries, namely Uganda, Namibia, Ghana and Botswana. >>

2 – Absa to pilot ChatBanking for Facebook Messenger

Absa has launched ChatBanking for Facebook Messenger to enable customers to conduct their banking without ever having to leave their favourite social media platform. >>

3 – Another Asian bank plans to operate in PHL

Another Asian bank is planning to expand in the Philippines, the central bank said, as the country’s lending sector continues to be attractive to big banks in the region looking for opportunities in light of a more integrated Asian financial system. >>

4 – Maybank launches m-banking app in Cambodia

With the launch of mobile banking app, customers in Cambodia will enjoy enhanced customer experience and greater speed when undertaking banking transactions over their mobile phones. >>

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April Wu

China Market Strategy

July 19, 2016

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Retail News Roundup – Jul 17

The top 5 retail news clips in Asia this week.

Newspaper

1 – Valentino heading into India

Italian fashion house Valentino is about to enter India, joining a growing list of luxury brands changing their focus to a buoyant retail scene far from the slowing Chinese economy. >>

2 – Big boost in customer engagement via social media

Social media has evolved from its original purpose of simple networking to now being heavily used by brands and businesses for customer engagement and to further their business agenda, according to the latest GFK report. >>

3 – Asos sales soar – everywhere

Far from a potential barometer of consumer uncertainty, the latest Asos sales results indicate a proposition which is exceptionally well placed to meet the demands of a challenging retail landscape. >>

4 – Study: China’s luxury travelers value experience over shopping

When wealthy Chinese travelers head abroad, they’re prioritizing experiential luxury such as dining and seeking out unique cultural activities, but shopping still fits in big to their travel plans. >>

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April Wu

China Market Strategy

July 13, 2016

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Banking News This Week – Jul 13

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

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1 – Fintech impact on banking seen limited

CIMB Research said in a report that the fintech revolution would have a bigger impact on other industries, this despite predictions that fintech would disrupt banks’ business the world over. >>

2 – Thailand: Krungsri shifts focus to digital banking

Digital disruption in the financial industry has forced Thailand’s fifth-largest commercial bank by assets – Bank of Ayudhya, which is branded as Krungsri – to consider new services to cope with an increasingly complex global financial ecosystem, for which it has revamped its e-business organisation accordingly. >>

3 – Vietnam banks see 2016 credit growth up 20.4 pct on yr: Central Bank

The Southeast Asian nation has targeted credit growth of 18 percent to 20 percent this year, up from 17.26 percent in 2015, as the economy expands, following growth last year that was its strongest since 2007. >>

4 – Transactions at Standard Bank branches declined to less than 5%

When was the last time you conducted a bank transaction at one of your bank’s branches? By Standard Bank’s count, the amount of people who do so (or use an ATM) has dropped to less than a mere 5%. >>

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April Wu

China Market Strategy

July 12, 2016

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Retail News Roundup – Jul 12

The top 5 retail news clips in Asia this week.

Newspaper

1 – Video: Sa Sa International’s CFO on Hong Kong retail challenges

Guy Look, chief financial officer and executive director of Sa Sa International, discusses the state of retail in Hong Kong, the challenges facing retailers and his outlook for the sector. >>

2 – Lawson targets 3,000 more stores abroad

Lawson Inc, Japan’s second largest convenience store chain, plans to increase the number of its “Lawson” stores in strategic countries outside Japan to 3,000 over the next five years. >>

3 – Retail Asia Top 500 Retailers Ranking 2015

In 2015, the region’s top 500 retailers recorded total sales of US$964 billion, declining by 5 percent in current value terms due to the strong dollar. However, Chinese companies continued dominating the list, accounting for 33 percent of the ranking. >>

4 – Philippines: the rising star of Asian retailing

The Philippines is one of the fastest growing countries in Southeast Asia, with its GDP growth hitting 6.9 per cent in the first quarter of 2016. >>

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April Wu

China Market Strategy

July 6, 2016

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Banking News This Week – Jul 6

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

banking news_cover

1 – In race to be Asia’s fintech hub, Singapore leads Hong Kong

Singapore is rushing to reinvent itself as Asia’s financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy. >>

2 – A WhatsApp Moment for Asia’s Banks

Remember paying an arm and a leg for text messages? Now all the telcos in the world combined can’t match WhatsApp’s 30 billion pings a day. Financial transactions will go the same way, and Asia may lead the trend, rather than following it a decade later. >>

3 – Asia-Pacific rides fintech growth wave

Major banks in Thailand are increasingly investing in fintech companies to develop innovative and efficient digital banking solutions for better customer service. >>

4 – Myanmar ‘SMEs in desperate need of new financing options’

The Myanmar government has been urged to find new approaches to boost financing for small and medium-sized enterprises (SMEs) as successful SMEs could help lower poverty in the country. >>

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