April Wu

China Market Strategy

Retail News Roundup – Nov 29

The top 5 retail news clips in Asia this week.

Newspaper

1 – 7-Eleven Malaysia committed to store expansion

7-Eleven Malaysia is committed to further store network expansion despite the economic headwinds in the nation. >>

2 – 5 retail trends to watch in 2017

According to an article on Smart Company (Australia), 2017 will be the year where customer experience becomes a tangible reality, with a focus on in-store experiences and more personalisation. >>

3 – Yum China in talks to buy delivery services firm Daojia

Yum China Holdings Inc (YUMC.N) is in talks to buy food delivery services firm Daojia for up to $200 million, two people familiar with the matter told Reuters, as the biggest operator of fast food on the mainland seeks to boost sales from customers dining at home. >>

4 – China’s demand for health and wellness keeps growing

Marathon fever has swept across China in recent years; in 2015, over 330,000 people registered for marathons in China’s tier-one cities, for which there were only 120,000 places. The number has grown again in 2016. >>

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April Wu

China Market Strategy

Banking News This Week – Nov 24

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

banking news_cover

1 – Integration is slowly taking hold in ASEAN’s banking sector

Although bank regulators in Southeast Asia are making only slow progress in opening up the region’s financial industry, banks are managing to spread their wings through mergers and acquisitions, and using digital technology. >>

2 – Vietnamese banks urged to go digital

Digital banking has assumed crucial importance in the development of Viet Nam’s banking system, Dao Minh Tu, deputy governor of the State Bank of Viet Nam (SBV) stressed at a recent conference. >>

3 – African mobile subscriptions will exceed 1bn by year’s end, says report

Africa is expected to exceed one billion mobile telecoms subscriptions in the fourth quarter of 2016, reaching 1.02bn by the year’s end, according to a new report. >>

4 – Foreign banks raise Philippine economic growth forecastsr

Foreign investment banks HSBC, Nomura, and Barclays have raised their economic growth forecasts for the Philippines after a strong performance in the third quarter. >>

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April Wu

China Market Strategy

Retail News Roundup – Nov 22

The top 5 retail news clips in Asia this week.

Newspaper

1 – FamilyMart to double stores in Thailand, take on 7-Eleven

The number of FamilyMart convenience stores in Thailand will double to over 2,000 within five years as the operator seeks to narrow the gap with industry leader 7-Eleven. >>

2 – CapitaLand to open 8 malls in 2017 with record 1 million sq m of retail space

CapitaLand will open eight shopping malls next year in three Asian countries. With a combined retail gross floor area (GFA) of close to one million square metres, it will be CapitaLand’s largest ever retail space offering in a single year. >>

3 – Suning grows fresh investment in e-commerce food platform

Chinese home appliance retailer Suning Commerce Group has led a US$200 million series C+ round in Yiguo.com, a fresh produce e-commerce platform backed by Alibaba Group Holding Ltd and Yunfeng Capital, with participation from other unnamed investors. >>

4 – Boom time for Korean convenience store sector

The Korean convenience store sector is experiencing rapid growth as heavyweights battle for market share. The number of convenience stores in South Korea surpassed 33,000 as of the end of October this year, marking a rapid growth since the opening of the first store 27 years ago, according to industry data. >>

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April Wu

China Market Strategy

Retail News Roundup – Nov 15

The top 5 retail news clips in Asia this week.

Newspaper

1 – Alibaba rakes up record US$17.6 billion on Singles Day sales

Beijing: Alibaba Group, the e-commerce giant behind the 24-hour Singles’ Day shopping blitz, has raked up a record USD 17.6 billion in the Singles Day online sales, creating a new record in global retail sales for any single day. >>

2 – China’s M-commerce explosion drives 32 percent Singles’ Day sales growth

A KPMG study released on Singles’ Day also found that mobile sales are becoming increasingly dominant in China’s e-commerce market, as the firm’s third annual “Connected Consumers” found that 90.4 percent of 2,560 Chinese survey respondents had made a purchase over a smartphone in the past year. >>

3 – H&M to make Vietnam retail debut in 2017

Swedish fashion giant Hennes & Mauritz (H&M) is to make its retail debut in Vietnam with the opening of its first stores in the country next year. H&M will follow brands such as Zara, Mango and Gap om making its move on the Vietnamese market. In a statement, the retailer said it has signed for first store opening in the country during 2017. >>

4 – Marks & Spencer to shutter UK and China stores, not Singapore

Britain’s Marks & Spencer (M&S) said this week it will close around 60 stores in the UK, and will shutter more than 50 international stores, on the back of lacklustre sales growth in its apparel and home wares units across the globe. >>

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April Wu

China Market Strategy

Banking News This Week – Oct 19

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

banking news_cover

1 – Commercial Bank of Africa targets growth in SME market

The Commercial Bank of Africa (CBA) has introduced a revamped Business Banking proposition, aimed at strengthening the banks position in the Kshs. 807 trillion Small and Medium Enterprises (SME) market. >>

2 – Mobile banking users in Indonesia remains low

Research institute Microsave reported that only 0.73 percent of cellphone users in Indonesia have utilized online financial services. >>

3 – VN banks playing catch-up to online buyers

As the country moves toward deeper integration, banks are striving to improve their information and technology systems in order to catch up with new trends and to ensure customer safety. Globalization and interconnectivity come with information and technology risks. In addition, the presence of financial technology (fintech) also has reshaped the financial services sector. >>

4 – Payment solutions key to e-commerce success in the Philippines

While online retail has seen a boost with the popularity of e- and m-commerce channels, supporting business processes like payments must mature for e-commerce to be truly viable in the country. >>

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