April Wu

China Market Strategy

Retail News Roundup – Jun 9

The top 5 retail news clips in Asia this week.

1 – US retailer Gap Inc looks at 40 India stores in four years

Gap Inc., the San Francisco-based, $16.4-billion clothing, accessories and personal care products major, will launch 10 new stores in Bangalore, Mumbai and New Delhi over the next one year, after it opened its first one here last week. >>

2 – Social media with retailers boosts purchasing

ALMOST 90 percent of Chinese consumers said they have bought more after interactions with retailers through social media, compared with 62 percent globally, as technology continues to drive China’s retail landscape. >>

3 – Ikea to make home deliveries in all countries with stores

Swedish furniture giant Ikea announced that it would expand its online sales service to include home deliveries in all countries where it has stores in Maylasia.>>

4 – Chow Tai Fook boosts network as sales slip

Chow Tai Fook added 180 new points of sale in the 2015 financial year and says it will continue to expand despite the slip in sales. The company now has 2257 points of sale, largely in Hong Kong, mainland China and Macau. >>

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April Wu

China Market Strategy

Banking News This Week – Jun 3

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

1 – Future of banking in Africa is mobile

“In the next three to five years the vast majority of our transactions will be performed on smart-mobile devices.” Retail banking is experiencing a seismic shift in customer behaviour thanks to the digital revolution that continues to effect fundamental changes in the way businesses and individuals transact. >>

2 – Nigeria: Banking in uncertain times

New capital requirements, electricity sector risks and the impacts of naira depreciation are hurdles banks face while adjusting to a new administration in Abuja. >>

3 – Viet Nam ministry backs wholly foreign-owned bank

The Ministry of Planning and Investment (MPI) has recommended the Prime Minister to direct the State Bank of Viet Nam to issue a licence to Singapore’s United Overseas Bank (UOB).The move is aimed at facilitating the opening of a wholly foreign-owned bank in Viet Nam. >>

4 – Metrobank, Bank of Yokohama tie up to serve Japanese clients

Metropolitan Bank & Trust Co. (Metrobank) and The Bank of Yokohama (BOY) have entered into an alliance to facilitate banking services for Japanese clients in the Philippines. >>

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April Wu

China Market Strategy

Retail News Roundup – Jun 2

The top 5 retail news clips in Asia this week.

1 – China seeks more duty-free shops

CHINA will build more duty-free shops at entry-exit ports and also expand the categories of imported duty-free products to “meet rising demand.” >>

2 – Walmart launches Hypermarket O2O platform “Walmart To Go” in China

Walmart launched its hypermarket O2O platform “Walmart To Go” in the Chinese city of Shenzhen on Tuesday. The platform consists of the newly launched “Walmart” mobile shopping APP, To Go Service Centre, in stores for self-pickup and multiple online & offline e-payment options. >>

3 – Markets losing lead over convenience stores

Wet markets and traditional stores remain the preferred retail channels for Vietnamese shoppers, though they are under threat as consumers shift away, according to a Nielsen report. >>

4 – Mister Donut set for major expansion

Central Restaurants Group (CRG) is boosting its investment budget by 30% to 210 million baht to expand its Mister Donut business this year. >>

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April Wu

China Market Strategy

Banking News This Week – May 27

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

1 – Mobile money transfers surge

The revolution spurred by mobile money transfer is in sharp contrast to a country teetering on the brink of collapse after inflation ravaged Zimbabwe’s currency. >>

2 – GTEasySavers: GTB targets 55m unbanked via Etisalat

In line with the Central Bank of Nigeria’s financial inclusion policy, Guaranty Trust Bank yesterday disclosed that it is partnering Etisalat Nigeria to reach 55 million adults who are yet to be banked. >>

3 – Unbanked and under-banked consumers are potential profitable segment for banks

According to Timetric’s Analyst, Amit Verma: “About two billion people across the world lack a bank account and more than one billion in the developing countries still use cash to pay their bills. Poverty, illiteracy, irregular income and complexities involved in opening a bank account compel them to depend upon alternative financial service providers. >>

4 – How long before transactional banking is dead in Africa?

The mobile money revolution that has encapsulated sub-Saharan Africa over the last decade is expected to disrupt the region’s financial sector further by totally wiping out brick and mortar transactional banking. >>

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April Wu

China Market Strategy

Retail News Roundup – May 26

The top 5 retail news clips in Asia this week.

1 – McDonald’s Australia drops branding to take advantage of ‘local factor’

Anti-branding isn’t a new concept, but its power has been heightened thanks to more consumers wanting to support local businesses and know where their food comes from. >>

2 – Indonesia’s MPP to continue aggressive expansion this year

In 2014, Matahari Putra Prima grew with the widest store network of 107 hypermarkets, 21 supermarkets, 102 health and beauty outlets, and 37 convenience stores operating in more than 60 cities and 29 provinces across Indonesia. >>

3 – Starbucks, Spotify to enter music partnership

Starbucks and music streaming service Spotify plan to strike a music partnership that will give customers access to exclusive content. >>

4 – Burberry bemoans Greater China challenge

Greater China has put a dampener on the otherwise stellar success story of revamped luxury brand Burberry.>>

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