1 – E. Sun Bank’s expansion to China and Vietnam given the green light
E. Sun Financial Holding Co., parent company of the bank, announced in a statement released on Friday that the China Banking Regulatory Commission has approved its plan to set up a subsidiary and a new branch in Shenzhen, Guangdong Province. >>
2 – Vietnam Predicted to Be Next Asian Tiger
Perched along one of the world’s most crucial shipping routes, and with a young and growing population, Vietnam is — once again — being tipped for economic lift-off, after years of disappointment. >>
3 - Banks expand network reach
The number of banks in Philippines dropped last year but the lenders’ operating network continued to expand during the period, Bangko Sentral ng Pilipinas data showed. >>
1 – Hon Hai Chinese retail unit builds ‘makers’ brand
A retail subsidiary of Hon Hai Precision Industry Co., the world’s largest contract electronics manufacturer, plans to open 20 stores in China for technology innovators known as “makers,” by the end of the year. >>
2 -Hong Kong still key target market for global retailers
International expansion remains high on the agenda for retailers in 2015, despite uncertain economic prospects and cost escalation. Hong Kong follows mainland China as one of the most targeted markets in Asia-Pacific for global retailers considering expansion, according to a new report from CBRE How active are retailers globally. >>
3 – Luxury shoemaker Jimmy Choo to expand in China after earnings rise
Luxury shoemaker Jimmy Choo reported a 7.2 percent rise in annaul earnings and said it would continue to grow by expanding its store portfolio in China. >>
For the local apparel brand owners, there are huge competition from international fast fashion brands, such as Zara, C&A, Uniqlo, H&M as well as the impact of economic slowdown regarding weaker purchasing power. They have optimized development strategy somehow in terms of business challenges. More and more continue to open new stores in tier2-3 cities. Outer growth of untapped area is one way to expand footprints and increase market share. Despite e-commerce booming, Chinese consumers are used buying clothes in physical stores. Store network planning will be a big concern for all market players in China.
Top Local Apparel Brands List
Belle is the top ladies’ shoes brand in China offering footwear products to the market. The target consumers are mainly the middle-class female which look for modern classic style.
Anta is a sportswear brand covering products like sports footwear, apparel and accessory. Up to 2014, Anta’s market value was summed up to USD 3.87billion, which became the 5th biggest sporting goods company (market value) in the world after Nike, Adidas, Puma and Asics.
Metersbonwe is leading casualwear retail brand in China. The company targets 18 to 25-year-old male and female consumers. The corporate slogan is “Be Different”.
Targeting city girls in 20-30s, Tata positon themselves a fashionable, trendy shoes brand which is young, stylish with attitude.
Youngor is primarily engaged in manufacture of apparels and textile products, selling gentleman clothing.
Semir was created in 1998 and has since become a leading brand for casual clothing in youth market. Now it has over 3,000 shop outlets across China.
Septwolves is one of the most famous men’s clothing makers in China. And it and children’s wear.
1 – Banking opportunities in Africa look less rosy
Low domestic growth prospects are prompting South African banks to look to the rest of Africa for growth opportunities, where weak commodity prices in certain key economies could also impact negatively on revenues. >>
2 – Asia steps up efforts to reach the ‘unbanked’
Despite Asia’s economic rise, many of the globe’s “unbanked” citizens, residing in countries including India, China and Myanmar, make do without access to savings, insurance and pensions. >>
3 - Facebook rolling out payments to friends in Messenger
Facebook announced it was launching a system to send money to friends for US customers using its Messenger mobile app. >>
1 – China’s luxury big spenders: young, trendy and not so rich
Global luxury brands expanding in China are better off targeting the HENRYs – “high earners, not rich yet” – instead of the ultra-wealthy, as a slowing economy and a government that frowns on official excesses usher in an era of less showy spending. >>
2 -Xiaomi to open ‘experience stores’ in India
CHINESE smartphone maker Xiaomi said yesterday that it will open 100 stores in India this year to help consumers in the world’s third-largest smartphone market “experience” the company’s devices, but will not sell them at these stores. >>
3 – Hugo Boss takes control in Asia
German luxury fashion retailer Hugo Boss is forging ahead with plans to take direct control of its Asian store network as it looks to the region to offset stagnant sales growth in Europe. >>