April Wu

China Market Strategy

August 23, 2016

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Retail News Roundup – Aug 23

The top 5 retail news clips in Asia this week.

Newspaper

1 – H&M opens first store in Mumbai at High Street Phoenix

H&M opens first store in Mumbai at High Street Phoenix. >>

2 – Digital payments are shaking up Asia’s credit card industry

The shifting attitude of Asian consumers is upending the economics of the credit-card industry, and banks like Citigroup Inc., HSBC Holdings Plc and Standard Chartered Plc are taking note. >>

3 – Ikea Group China launching eCommerce trial

Swedish home furnishings retailer Ikea Group China will launch into eCommerce in Shanghai and start selling its products online within the next couple of weeks. >>

4 – 7-Eleven network hits 60,000 stores

Claimed to be the largest convenience retail chain in the world, the 7-Eleven network has just opened its 60,000th store. >>

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April Wu

China Market Strategy

August 18, 2016

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Banking News This Week – Aug 18

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

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1 – BI launches e-money program for Indonesian fishermen

Bank Indonesia (BI) has launched its own e-money specially designed for fishermen, named the “Lantera Card”, as part of an effort to expand non-cash transactions in Indonesia. >>

2 – Japan:Big banks lay groundwork for business growth in S.E. Asia

Major Japanese banks are strengthening their support for small and midsize enterprises seeking to exploit markets in Southeast Asian countries. >>

3 – Foreign banks make beeline for Vietnam

The number of foreign banks, especially from ASEAN member countries, to invest in Vietnam has been increasing rapidly in recent years with the opening up of the banking sector as part of the Government’s commitment to international integration. >>

4 – More Malaysian consumers embrace digital banking

Malaysia is experiencing a higher mobile and Internet banking adoption rate with only 12.5 per cent of consumers found to have never tried digital banking at least once, according to the findings of a survey undertaken by the Asian Institute of Finance (AIF). >>

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April Wu

China Market Strategy

August 16, 2016

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Retail News Roundup – Aug 16

The top 5 retail news clips in Asia this week.

Newspaper

1 – Lacoste to double POS options in India by 2021

French lifestyle brand Lacoste, known for its ‘crocodile’ logo polo T-shirts, has said that after a short period of lull, the company plans to again go for a major expansion in this country. It will be doubling its 50 point-of-sales (PoS) by 2021. >>

2 – Watsons stores lead 1000 openings for Hutchison

Hutchison said in its six month results released Friday it has added 257 stores to its global network already this year and 800 more would open by year-end. About two thirds of those will be Watson healthy and beauty outlets, mainly in China and Asia. >>

3 – McDonald’s M’sian franchise sale to accelerate growth

McDonald’s Corp’s plan to seek a master franchise partner for its restaurants in Malaysia and Singapore is part of a global effort to streamline operations by empowering local master franchisors to make faster business decisions and accelerate growth. >>

4 – Alibaba sales soar 59pc as Chinese continue shopping online despite slowing economy

Investments by e-commerce giant in media, entertainment and cloud computing also added to revenue. >>

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April Wu

China Market Strategy

August 9, 2016

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Retail News Roundup – Aug 9

The top 5 retail news clips in Asia this week.

Newspaper

1 – Under Armour’s 3 strategic steps to connect with consumers

On a recent earning call with press and analysts, Under Armour chairman and CEO Kevin Plank outlined some key strategic steps the brand is taking to reach more customers. >>

2 – Global 1000 spotlight: The top 10 e-retail players dominate

When accounting for the total value of merchandise sold on their websites, the largest online merchants own nearly half of the global online retail market. >>

3 – Hugo Boss China plans to cull more stores

The cull of Hugo Boss China stores will continue after a first round downsizing helped the German retailer’s bottom line. >>

4 – New Look to expand China network

Fast fashion retailer New Look is to expand its China store network. >>

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April Wu

China Market Strategy

August 2, 2016

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Retail News Roundup – Aug 2

The top 5 retail news clips in Asia this week.

Newspaper

1 – Analyst : China’s online retail sales to double in three years

While the offline retail market is expected to suffer in the short and mid-term, China’s online retail sector will grow rapidly in the next few years, with online shoppers to exceed 40 per cent of the total population in 2018 and online retail sales to double by then from current level, according to analysts. >>

2 – Zalora goes ‘clicks-and-mortar’ in the Philippines

Online retailer Zalora has opened a pop-up shop in Bonifacio High Street Central. The new clicks-and-mortar store — with both web and real life service — is said to revolve around three words: digital, lifestyle, and fashion. >>

3 – Wal-Mart’s new WeChat features for Chinese shoppers

Beginning this month, millions of Chinese shoppers have been able to check out in more than 100 Wal-Mart stores in China by using WeChat Pay, a mobile payment feature within WeChat. A consumer shows a bar code within the WeChat app to a cashier, and the cashier scans the code to verify the payment. >>

4 – Bo’s Coffee Philippines eyes expansion abroad

Bo’s Coffee Philippines is set to expand its network of 80 stores abroad. >>

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