April Wu

China Market Strategy

Banking News This Week – Sep 16

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

banking news_cover

1 – Charting a course in mobile banking

The floating bank is the brainchild of Bank Rakyat Indonesia (BRI), which wants to offer banking and loan services to residents on remote islands belonging to the Thousand Islands province, north of Jakarta. >>

2 – Banks rush to ask for higher foreign-ownership rate

VietinBank, one of Vietnam’s largest commercial banks, is considering raising the foreign ownership ratio to 40 percent. If the bank’s proposal is approved by the State Bank of Vietnam (SBV), it will be the first bank with a foreign ownership of over 20 percent. >>

3 – Bankers target Africa

Standard Bank has sealed a cooperation agreement with South Korea’s Woori Bank and the Industrial and Commercial Bank of China (ICBC) to promote an African focused business venture among the three entities. >>

4 – African banking must innovate to compete

Mainly, these centered on coping with the transition to digital, the need to change their business models, ensuring revenue on transactions and competing with a growing number of non-traditional entrants to the banking market. >>

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April Wu

China Market Strategy

Retail News Roundup – Sep 15

The top 5 retail news clips in Asia this week.

Newspaper

1 – H&M to open first India store Oct 2, marks entry into 60th market

The group is expected to open as many as 30 stores in India next year. With $22 billion in global sales, the firm had at the time of application proposed to invest Rs 750 crore in India. >>

2 – Buffalo Wild Wings eyes Asia expansion

US restaurant chain Buffalo Wild Wings is on an expansion mode. The casual-dining chain, known for its sports-viewing atmosphere and chicken wings, plans to open 400 restaurants in international locations in the next 10 years, and Asia is one of its top focus regions. >>

3 – McDonald’s India to double network

McDonald’s India says it plans to open a new restaurant every week for the next five years. That’s 250 restaurants by the end of 2015, more than double its current network of 231. >>

4 – Alibaba launches sports company

Alibaba Group’s expansion into non-eCommerce businesses such as movies and music took another step today as the group announced the establishment of a sports company, aiming to “transform China’s sports industry through Internet-enabled technologies.” >>

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April Wu

China Market Strategy

Banking News This Week – Sep 9

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

banking news_cover

1 – Kenya’s I&M holdings says plans to buy Giro commercail bank

Kenya’s I&M Holdings said on Monday it planned to buy a locally-owned Giro Commercial Bank for an undisclosed amount. >>

2 – Accessibility to financial services: the key to fighting Africa’s poverty?

Despite being difficult to access, financial services in Africa are a tool in the fight against poverty and increasing development. >>

3 – East Africa emerges as a trade hub

East Africa is emerging as a trade hub to rival sub-Saharan Africa’s two heavyweight states of South Africa and Nigeria, according to analysis by Barclays published on Thursday. >>

4 – ASEAN banks to accelerate branch presence in Viet Nam

The number of banks from ASEAN countries is expected to increase in Viet Nam in the coming years as the domestic banking market opens following the carrying out of regional integration commitments. >>

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April Wu

China Market Strategy

Retail News Roundup – Sep 8

The top 5 retail news clips in Asia this week.

Newspaper

1 – Alfamart to open 160 Philippine outlets by year-end

The operator of Indonesia’s Alfamart chain of minimarts plans to open 160 stores in the Philippines by the end of this year as part of a regional expansion program. >>

2 – Gucci, Louis, Prada: Survey says China’s wealthy women still love mega-brand handbags

Released by RBG Capital Markets last week, a new study surveyed the shopping habits of 303 affluent Chinese women between the ages of 25 and 65 intending to buy a $750 handbag within the next 12 months, selecting data from a group of 1,014 respondents polled. >>

3 – Seoul: Asia’s new fashion window?

Fast-growing Asia is a key market driving the global luxury industry, with purchases by Chinese consumers accounting for one third of global sales, according to market researcher Bain & Company. >>

4 – Didi Kuaidi raises $3B as rival Uber China brings in $1.2B

Chinese ride-hailing service Didi Kuaidi is set to raise about $3 billion through its latest fundraising round, said two people familiar with the matter, just as funding at the Chinese unit of rival Uber reaches $1.2 billion. >>

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April Wu

China Market Strategy

Banking News This Week – Sep 2

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

banking news_cover

1 -S. Korean banks go overseas to find new sources of profit

Major South Korean banks are turning their eyes to overseas markets as low interest rates and a policy push aimed at expanding financial services for consumers are making their home turf a difficult place to earn money. >>

2 -500 startups steps into Vietnam to expand its reach in southeast Asia

500 Startups, the U.S.-led VC firm, is continuing its push into Southeast Asia after it hired two partners in Vietnam, a signal that it may be about to launch a local fund for startups the country. >>

3 – Could mobile money be the answer to financial inclusion in the developing world?

With its mobile money segment showing “encouraging growth” in the first half of 2015, leading emerging mobile markets operator in Africa and the Middle East MTN emphasized that “the continued roll-out of MTN Mobile Money and broader financial services remains a priority”. >>

4 - GCC bankers gear up to discuss future of banking technology

More than 450 GCC bankers will come together next month at a leading banking technology and innovation event in Dubai this month. >>

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