April Wu

China Market Strategy

Banking News This Week – Jun 30

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

banking news_cover

1 – Philippine:AUB to double branch network

REBISCO group-led ASIA United Bank seeks to become a more significant player in the banking system by doubling its branch network while maintaining its long-term profitability at around 10-15 percent return on equity. >>

2 – RHB Bank eyes the affluent

Bank sees huge potential in this under-serviced segment and hopes to leverage on its regional links and expertise to help grow their investments. >>

3 – Forbes announces Vietnam’s 40 most valuable company brands

In the banking and financial sector, besides the three banks in the top 10 brands are other names: MBBank ($61.7 million), Phu Nhuan Jewelry (PNJ – $53 million), Techcombank ($39.7 million), Sacombank ($47.6 million), VPBank ($37.7 million), and ACB ($25.3 million). >>

4 – Korean banks lagging behind Asian rivals

Korea stands at rock bottom in terms of bank profitability and efficiency among major Asian countries, according to McKinsey & Company. >>

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April Wu

China Market Strategy

Retail News Roundup – Jun 28

The top 5 retail news clips in Asia this week.

Newspaper

1 -McDonald’s gets first bids for 2,300 outlets in China and Hong Kong

McDonald’s has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to US$3 billion. >>

2 – Japan’s Aeon to open 4th megastore, eyes expansion in Vietnam

Japanese retail giant Aeon has revealed an ambitious plan for Vietnam, where the retail market is forecast to grow nearly 12 percent a year to around US$179 billion in 2020. >>

3 -A Drastic Dearth of Mainland Chinese Visitors Hurts Hong Kong’s Retail Businesses

New Sa Sa stores are set to open in train stations and near the Mainland China border as the beauty retailer adapts to the changing demographic of Hong Kong shoppers. >>

4 – Tops Thailand parent plans aggressive expansion

Tops Thailand parent Central Food Retail has committed Bt6.5 billion (US$183 million) to open new stores during the next five years. >>

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April Wu

China Market Strategy

Retail News Roundup – Jun 14

The top 5 retail news clips in Asia this week.

Newspaper

1 -Bangkok’s pop-up restaurants are changing the retail landscape

The trend for pop-ups or “restaurants without tenants” in Thailand’s Bangkok is giving shopping malls in the central business district and main streets in the suburbs a new lease of life. >>

2 – Japanese Company to Build Three Shopping Centers in Greater-Jakarta

A Japanese company plans to invest around Rp 900 billion ($68 million) to build three shopping centers in the Greater-Jakarta area in the next two years, raising hopes that it would boost much-needed foreign investment in the country and spur the sluggish property market.>>

3 – Survey: 37% of China’s generation Z thinks money is key to happiness

A recent report by communications agency OMD China suggests China’s Generation Z cares less about money, but that hasn’t necessarily affected Chinese consumers’ overall outlook toward their peers who buy high-end products, especially in first-tier and second-tier cities. >>

4 – Robinsons Retail Philippines eyes 200 stores

Robinsons Retail Philippines has announced it will add 200 stores, mostly convenience stores and supermarkets. >>

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April Wu

China Market Strategy

Retail News Roundup – Jun 2

The top 5 retail news clips in Asia this week.

Newspaper

1 -Apollo Tyres opens office in Malaysia; expands footprint in ASEAN region

Apollo Tyres has set up an office in Malaysia, the third largest automotive market in the ASEAN region, as the company eyes expanding its presence in the country. >>

2 – Luxury growth needs entry-level products

Luxury brands need to consider creating a range of “entry-level” products to attract some 50m new consumers in younger age groups and emerging markets over the next four years.>>

3 -Luxury brands Gucci, Zegna shutting shop as Chinese buyers turn thrifty

t’s already happened to middle-of-the-road stores across high streets and main streets. Now the world’s biggest luxury stores are starting to shutter outlets. The culprit is the Chinese consumer, who is starting to rein in spending at home and abroad. The effect will be no less severe: expect more closures to come. >>

4 – Lotte tests ‘Virtual Fitting Service’

Lotte Department Store is to implement a ‘Virtual Fitting Service’ for customers to try on clothes, without actually putting them on. >>

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April Wu

China Market Strategy

Retail News Roundup – May 25

The top 5 retail news clips in Asia this week.

Newspaper

1 – Philippine GDP growth surpasses China

The Philippines has surpassed China in terms of GDP growth, for the first time in three decades, making the country the best performer in Asia* in Q1 2016. >>

2 – China market: 780 million smartphone-based active surfers in 2015, say report

The most frequently visited websites were of three categories: social networking, search and e-commerce.>>

3 -Big C Thailand to open 84 new stores this year

Big C unveils its expansion plan of USD140-160m. The retailer is going to open 6 hypermarkets, mainly in the Northeast and South of Thailand, three Big C Market stores upcountry, including in the Northeast and about 75 Mini Big C stores, of which 50 will be through franchising. >>

4 – Gap to Close Old Navy in Japan, Warns of Earnings Shortfall

Gap Inc., under pressure to turn around operations amid a prolonged sales slump, said it plans to close all its Old Navy stores in Japan and some Banana Republics mostly outside of North America by the end of its business year. >>

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