April Wu

China Market Strategy

Retail News Roundup – May 31

The top 5 retail news clips in Asia this week.

1 – Customer traffic dropping fast at Korean online shopping malls

Online shopping malls are fast losing customer traffic, industry data showed , compounding their massive business losses last year. >>

2 – Hermès to debut store in second-tier Chinese city to meet surging demand

French luxury house Hermès is set to open a new store in the city of Changsha by summer. The move marks the debut of an Hermès store in a second-tier city in China. >>

3 – Goodbye Gong Cha, hello LiHo

The man who introduced Gong Cha to Singapore is now taking the bold step of removing every single outlet of the popular bubble tea brand to replace it with his own made-in- Singapore creation. >>

4 – Fast fashion is turning into ultrafast fashion – report

New players such as Boohoo.com, Asos and Missguided are bringing products from design to sale in as little as one or two weeks – even quicker than traditional fast-fashion pioneers such as Zara and H&M. >>

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April Wu

China Market Strategy

Retail News Roundup – May 23

The top 5 retail news clips in Asia this week.

1 – Wal-Mart China opens doors to Sam’s Club

Members of Wal-Mart China subsidiary Sam’s Club can now order some 200 products from Sam’s Club US stores online.It is Wal-Mart’s latest bid to boost growth in China since selling its online business there to JD.com 11 months ago. >>

2 – Contactless payments use to double in two years

New data from fintech analyst Juniper Research forecasts that the global value of contactless payments made via cards, mobile and wearables, will reach US$1.3 trillion by 2019, more than doubling from an estimated $590 billion in 2017. >>

3 – Impresa Hospitality eyes 300 restaurants under Maroosh brand

Impresa Hospitality is planning pan India and overseas expansion of its Maroosh brand with 300 restaurants in the next five years. >>

4 – Pizza Hut to upgrade 221 restaurants in Malaysia

KUALA LUMPUR: The operator of Pizza Hut, QSR Brands (M) Holdings Bhd, plans to upgrade its 221 dine-in restaurants over the next two years, as part of its re-branding activity in conjunction with Pizza Hut’s 35th anniversary. >>

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April Wu

China Market Strategy

Retail News Roundup – May 17

The top 5 retail news clips in Asia this week.

1 – Yum China buys Chinese food delivery company

Yum China is betting that more consumers will continue to order Pizza Hut and KFC food via their smartphones for speedy delivery to their homes and work. Yum China Holdings Inc is buying a controlling interest in online food delivery company Daojia.com.cn for an undisclosed sum. >>

2 – Alipay to be launched, and used, in Malaysia

Malaysian merchants are set to accept the use of Alipay, China’s indigenous mobile wallet, in stores around the country this month. >>

3 – SPC expands global presence

Is it possible for a Korean bakery to survive in the saturated U.S. and French markets? SPC Group has addressed such concerns, winning notable success even in the country known as the home of bread. >>

4 – China, Thailand help drive Spar network growth

Netherlands-based, franchised grocery banner Spar International is looking to China and Thailand to help continue to sustain its largest growth spurt in a decade. >>

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April Wu

China Market Strategy

Banking News This Week – May 3

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

1 – Digital focus pays off for DBS

Focusing on digital is paying off for DBS Bank with new opportunities opening up in several areas and more business coming in. >>

2 – StanChart rolls out apps to expand banking services

Standard Chartered Bangladesh has launched two mobile phone applications to expand its retail banking services across the country. >>

3 – Philippines : Small rural banks may still merge

Small banks who wanted to merge under the central bank’s Consolidation Program for Rural Banks (CPRB) but did not meet the prescribed number of members per group may still be allowed to consolidate, provided their capital reaches the required minimum amount of P100 million. >>

4 – Vietnam : The big players in the fintech market

Vietnam’s fintech market has attracted many investors, both foreign and domestic. Chinese Gobi Partners invested in OnOnPay, South Korean UTC Investment in VNPTPay, while funds of Exprerian, Kusto Tiger and Unitus Impact and the bank of Sumitomo invested in Mobivi. Meanwhile, Viettel injected money into BankPlus and MobiFone into Vimo. >>

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April Wu

China Market Strategy

Retail News Roundup – May 2

The top 5 retail news clips in Asia this week.

1 – Thailand’s retail industry in resurgence?

The changing demographic and lifestyles of Thai consumers, combined with a more connected and informed population, are overshadowing the economic volatility of Southeast Asia’s second largest economy. >>

2 – Thai group plans to buy 7-Eleven Indonesia

Publicly listed Charoen Pokphand Indonesia says it will acquire the chain’s controlling company, Modern Sevel Indonesia, for Rp1 trillion (US$75 million). It expects the purchase to be completed in June. >>

3 – Affluent Asian millennials value family time, health, says study

According to the ‘Affluent Insights Luxury Study 2017’, wealthy, luxury-purchasing Asians –under the age of 35 and hailing from China, Hong Kong, and Singapore — are set to value different intangible luxuries such as family time, health and travel in the coming year. >>

4 – Coca-Cola to restructure company and cut costs

The beverage company says it plans to cut $800 million in additional annualized savings and will sell back its bottling and distribution operations to independent bottlers. >>

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