April Wu

China Market Strategy

March 21, 2017

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Retail News Roundup – Mar 21

The top 5 retail news clips in Asia this week.

Newspaper

1 – Amazon Japan portal adopts UnionPay to attract Chinese shoppers

Amazon.com Inc.’s website in Japan will start accepting UnionPay cards, as the web retailer steps up efforts to sell more merchandise to Chinese shoppers across Asia. >>

2 – WeChat’s transformative role for beauty brands in China

A new finding on audience engagement with beauty brands on WeChat in 2016 challenges the traditional role of the app as a content-producing platform. >>

3 – Nike, H&M named world’s most valuable apparel brands

Nike and H&M are the world’s most valuable apparel brands in 2017, coming in at number one and number two, respectively, according to Brand Finance. >>

4 – Miniso Singapore plans 20 more stores

Miniso Singapore plans to open 20 more stores by the end of this year, taking its network in the city to 46. >>

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April Wu

China Market Strategy

March 7, 2017

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Retail News Roundup – Mar 7

The top 5 retail news clips in Asia this week.

Newspaper

1 – Highest conversion rate for beauty amongst Chinese

According to a new Chinese traveller & shopper report from CiR the beauty category boasts the highest conversion rate amongst shoppers, and Tier 2 shoppers have a strong propensity to purchase in confectionery, jewellery & watches categories. >>

2 – Chinese e-commerce firm JD.com’s revenue jumps 47 percent

Amid fierce competition, JD has sought to diversify into data, cloud and finance services. It has also expanded its offerings of fast moving consumer goods including household supplies and grocery products. >>

3 – Korea : Demand for rental services soars

According to big data analysis firm Daumsoft, online mentions of “rental service” on blogs and Twitter more than doubled over the past three years from 75,300 in 2014 to 177,003 in 2016, and now include more lower priced goods, with shorter rental periods. >>

4 – Solid year for revitalised Dairy Farm International

Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. >>

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April Wu

China Market Strategy

February 22, 2017

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Banking News This Week – Feb 22

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

banking news_cover

1 – A new financial player in Africa

Foreign-owned banks have dominated the banking sector in Africa for decades, but by and large they have failed to fully grasp the opportunity. >>

2 – More PH firms turn pessimistic

More Filipino businesses have turned pessimistic about prospects this year as they brace for the impact of the Trump administration’s protectionist policies, banking giant Standard Chartered Bank said. >>

3 – Fintechs spur top Thai bank to create new payments platform

Kasikornbank Pcl, Thailand’s largest bank by revenue, plans to introduce a new digital-payments platform by the end of 2017 to counter threats to fee income from rival transaction networks. >>

4 – VN, Cambodia state banks foster ties

Governor of the State Bank of Vietnam (SBV), Le Minh Hung, and Governor of the National Bank of Cambodia (NBC), Chea Chanto, have agreed to step up co-operation between the two banks. >>

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April Wu

China Market Strategy

February 21, 2017

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Retail News Roundup – Feb 21

The top 5 retail news clips in Asia this week.

Newspaper

1 – Alibaba partners with Bailian Group

Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows. >>

2 – Online bedding retailer Koala eyes Asia

The company will initially target Hong Kong, China, Japan and Singapore, along with the UK. >>

3 – Victoria’s gets closer to Chinese women

US lingerie giant Victoria’s Secret is opening its first full assortment stores in China. Two stores will open initially, one in Shanghai and the other in Chengdu. >>

4 – High interest in wearable devices in China

While 43 per cent of urban Chinese consumers would buy wearable devices for themselves, the figure rises to 48 per cent for the 20- to 24-years age bracket, says London-based research firm Mintel. >>

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April Wu

China Market Strategy

February 8, 2017

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Banking News This Week – Feb 8

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

banking news_cover

1 – Fintech Talk: Fintech in Indonesia: Between fragmentation and financial inclusion

As of December 2016, the Indian government, through the ambitious Aadhaar project, managed to register 1.09 billion people, or 85 percent of the country’s population, into its system. >>

2 – Vietnamese banks named among world’s most valuable brands

BIDV, Vietinbank and Vietcombank have once again been listed in the top 500 banking brands compiled by Brand Finance. >>

3 – New mobile payment system launched in Thailand as part of National E-payment initiative

According to news reports, an interbank mobile payments system, called PromptPay, was launched in Thailand on 27 January. PromptPay is one of several initiatives under the Thai government’s National E-payment initiative, which began to take shape in December 2015. >>

4 – Nigeria: Five Nigerian banks make World’s Top 500 Banking Brands

With $301 million brand value, First Bank ranked 357 led Guaranty Trust Bank, GTB, ranked 395 with a brand value of $258 million, and Zenith Bank 414 with a brand value of $247 million. Access Bank followed at 476 with a brand value of $182 million and the United Bank for Africa (UBA) with a brand value of $172 million ranked 487 in the world. >>

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