April Wu

China Market Strategy

July 21, 2015

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Retail News Roundup – Jul 21

The top 5 retail news clips in Asia this week.

Newspaper

1 – H&M may open 30 stores in India by early 2016

H&M, rival to another European fast fashion brand, Zara, is likely to open as many as 30 stores in India by early next year, sources say. >>

2 – Adidas wants both fully owned stores, franchises in India

German apparel major Adidas, which had been in the news for an alleged financial fraud at Reebok, a brand that it owns, has sought government approval for a 100 per cent foreign direct investment (FDI) to operate in India. >>

3 – Metro China expands into Deyang

Metro China has opened its eighth wholesale store in West China. >>

4 – Cath Kidston buys Japanese franchise

UK-headquartered Cath Kidston says it will buy out its Japanese franchise business.The move brings to an end a four year partnership started in 2011 with Sanei International, a subsidiary of TSI Holdings. >>

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April Wu

China Market Strategy

July 15, 2015

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Banking News This Week – Jul 15

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

banking news_cover

1 – Citibank seeks go-ahead to boost Vietnam presence

Citibank NA, a unit of Citigroup Inc (C.N), said it will get the go-ahead soon from Vietnam’s central bank to set up a subsidiary in the country, which would make it the seventh wholly foreign-owned lender to operate in Vietnam. >>

2 – Siam Commercial Bank to open branch in Vietnam

Thailand’s Siam Commercial Bank (SCB) is allowed to establish its branch in Vietnam. The Prime Minister has approved the State Bank of Vietnam (SBV)’s proposal to let SCB establish its Vietnam branch on the acquisition of VinaSiam Bank (VSB). >>

3 – Vietnam bans banks with high bad debts from expanding

Commercial banks in Vietnam are not allowed to expand their networks until they can keep bad debts under 3 percent of total outstanding loans, a new rule indicative of the government’s increased resolve to address its toxic debt problem. >>

4 - Two African business giants go head-to-head over mobile telecoms and payments

Few firms have done more in recent years to boost Africa’s fortunes than Safaricom. It has built the world’s most widely used mobile-money network, called M-Pesa, bringing financial services to the poorest. >>

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April Wu

China Market Strategy

July 14, 2015

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Retail News Roundup – Jul 14

The top 5 retail news clips in Asia this week.

Newspaper

1 – Swedish major IKEA buys first land parcel in Hyderabad for retail store

IKEA Group, the Swedish home furnishings company, announced the purchase of its first land parcel in Hyderabad to build retail stores in India. The company is also evaluating suitable sites in Bengaluru, Mumbai, and Delhi NCR (National Capital Region) to open 25 stores in the long term. >>

2 – SuperGroup embarks on China expansion

SuperGroup is stepping into China via a joint venture deal with Trendy International Group, a casual fashion company backed by LVMH, the luxury goods house that owns Louis Vuitton and Céline. >>

3 – Sports shoes brand ASICS opens mono brand store

Japanese sports shoes and apparel company ASICS, which opened its first partnered mono brand store in the Capital, plans to expand to 8-10 cities in the coming months. >>

4 – Smoothie King eyes Asia

Smoothie King is currently located in Korea, Grand Cayman and Singapore, and according to Dan Hannah, VP of international business development, the company is now eyeing development in Japan, China, India, Indonesia, the Philippines, Taiwan, Australia and Brazil. >>

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April Wu

China Market Strategy

July 8, 2015

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Banking News This Week – Jul 8

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

banking news_cover

1 – Abu Dhabi Islamic Bank Exploring Expansion Into SE Asia, Africa

Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest shariah-compliant lender, is considering entering markets in South East Asia and Africa to tap demand in countries with a large Muslim population. >>

2 – African Banks Eye Cellphone Services To Lock In Customers

After being outsmarted by telecoms when they introduced money transfer services, commercial banks across the continent have woken up to the realization that they cannot dissociate their businesses from providing cellphone services. >>

3 – Philippines Welcomes More Foreign Banks

The Philippine banking industry remains attractive to foreign players due to its 100 million population and a low credit penetration. >>

4 - Banks Need to Be More Proactive with Their Customers in Mobile Banking

A recent BuzzCity survey of over 3,300 mobile customers has revealed that more people than ever are using mobile devices to make payments. >>

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April Wu

China Market Strategy

July 7, 2015

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Retail News Roundup – Jul 7

The top 5 retail news clips in Asia this week.

Newspaper

1 – Aeropostale to enter India, Indonesia

US mall-based youth fashion discounter Aeropostale has announced new partnerships in India and Indonesia. >>

2 – KFC China accepts Alipay

More than 700 KFC China stores have started to accept customer payments via Alipay’s smartphone-based payment technology. >>

3 – Shopping on mobile devices booming, but potential still untapped: Australia

More than a quarter of online retail purchases in Australia are made on mobile devices, amounting to sales worth $4 billion every year, a new report has found. >>

4 – RetailWATCH: Global Powers of Luxury Goods – engaging the future luxury consumer

Global luxury brands should take advantage of evolving technological and consumer demands to help boost profits and remain competitive, according to a new report of Deloitte Touche Tohmatsu Limited (DTTL). >>

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