April Wu

China Market Strategy

Retail News Roundup – May 5

The top 5 retail news clips in Asia this week.

1 – V-Mart to invest USD31.4m, add 200 stores in 5 years

Indian retail chain V-Mart will invest around INR200 crore (USD31.4 million) to add nearly 200 new stores in different part of the country in the next five years. >>

2 – China brands favored by domestic consumers in marketing

CHINESE brands are generally outperforming their multinational counterparts in terms of consumer preference as they’re quicker to catch up with latest media trends and bold with new marketing campaign formats, industry experts noted. >>

3 – Walmart to open 115 stores in China

The world’s biggest retailer, Walmart, plans to open 115 new stores in China by 2017, the company says. >>

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April Wu

China Market Strategy

Banking News This Week – Apr 29

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

1 – Standard Bank aims for growth in Africa

Standard Bank is working on growing headline earnings in its personal and business banking division in the rest of Africa to just more than a R1bn in the next three years — it expects to achieve this through organic growth. >>

2 – (Video) Mobile money revolutionises East Africa’s banking sector

Most banks in the East African region recorded strong balance sheet growth, with bank loans growing at more than 20 per cent across the region, supported by strong domestic and regional macro-economic environment. >>

3 – Indonesia Bank Mandiri Can Open Branches in Malaysia

State-controlled Bank Mandiri, the leading bank in Indonesia in terms of asset size, will be allowed to open 20 branches in Malaysia after financial authorities in Indonesia and Malaysia signed an agreement. >>

4 – Asia’s homegrown PayPal challenger 2C2P raises US$7M Series C

Underpinning it all is Southeast Asia’s bouyant B2C e-commerce market, growing from US$7 billion in 2013 to a projected US$34.5 billion by 2018. >>

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April Wu

China Market Strategy

Retail News Roundup – Apr 28

The top 5 retail news clips in Asia this week.

1 – Tesco to go slow on India operations

The UK’s leading retail chain Tesco is likely to go slow on expansion in India, after the record $9-billion annual loss it announced last week. The retailer, which has in the recent past exited many countries, including the US and Japan, might still hold on to India as these still are its early days here. >>

2 – Shanghai to promote fashion branding

SHANGHAI will encourage firms to establish national and global brands, especially in fashion and mobile Internet industries. >>

3 – UNIQLO to expand interstate in pursuit of growth

Japanese retailer Fast Retailing may have to inject new capital into UNIQLO Australia to fund the next phase of growth as the casual clothing chain expands into new states and suburban markets, increasing pressure on department stores and specialty retailers. >>

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April Wu

China Market Strategy

Banking News This Week – Apr 22

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

1 – HSBC speeds up exit from emerging markets

HSBC, which for years branded itself the “world’s local bank”, is accelerating a plan to break from that business model and retreat from key emerging markets, in a renewed effort to become “simpler and smaller”. >>

2 – How mobile banking can bring Sub-Saharan Africa out of poverty

A big game changer for the unbanked is the rise in mobile banking. Now those living in rural areas, away from bank branches, can participate in the system. While only 1% of adults worldwide use a mobile money account, 12% of adults in Sub-Saharan Africa do. >>

3 – Is Sierra Leone the new hotspot for Nigerian banks?

First Bank of Nigeria Limited (FBN) is the latest Nigerian lender to set up camp in Sierra Leone. Over the last decade, more than five Nigerian lenders (Guaranty Trust Bank, Zenith Bank, Skye Bank, Access Bank and United Bank for Africa) have launched businesses in Sierra Leone. >>

4 – Ethiopia’s banking industry slowly evolving

Ethiopia’s financial services industry is one of the least developed in the region. The banking sector is heavily regulated. As at October 2013, pan-African financial services provider Ecobank estimated Ethiopia’s unbanked population to be around 80 million people. >>

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April Wu

China Market Strategy

Retail News Roundup – Apr 21

The top 5 retail news clips in Asia this week.

1 – IKEA in shopping mall push

IKEA, the world’s biggest furniture retailer, plans to spend up to €3 billion ($3.2 billion) on new shopping centres over the next 5-7 years, aiming to cash in on the popularity of its stores by collecting rent from retailers keen to set up nearby. >>

2 – McDonald’s Japan closing stores amid loss forecast

McDonald’s Corp.’s Japan business forecast wider losses this year, announcing store closures and job cuts after sales suffered from food scandals. >>

3 -New rich drive Vietnam luxury boom

The rapidly rising ranks of Vietnam’s uber-rich are fueling growing demand for luxury goods in the fast-growing economy. >>

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