Tech giant Apple is slated to add another location in the world’s second largest economy. Apple will reportedly open its 11th store in China in Chongqing’s Paradise Walk mall in the Jiangbei District on July 26. >>
The e-commerce boom is changing how retailers develop their global expansion plans. According to a brand research report from Linkshop.com.cn(联商网), we see the fastest growing international fast-fashion companies in China first half of 2014. Their networks have been gradually moving to 3-4 tier cities, such as Foshan(佛山), Xiangyang(襄阳), Wenling(温岭), Wuxi(无锡), Linyi(临沂), Weifang City(潍坊). It’s a big challenge for local brand owners to keep up with these aggressive competitors.
A Reuters report said Shanghai is most likely to become the headquarters of a development bank being launched by the BRICS emerging market nations, citing Russian presidential adviser Yuri Ushakov. >>
US coffee chain Starbucks is undaunted by the fierce competition in Thailand’s coffee market. Starbucks says it will double its network in Thailand to 400 outlets by 2018. >>
In this video series on how banking is changing in frontier markets like Africa, getchee CEO and founder Bruce Berkman explains how banking is shifting from emerging markets in Asia, to new frontier markets in Africa.