April Wu

China Market Strategy

March 21, 2017

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Retail News Roundup – Mar 21

The top 5 retail news clips in Asia this week.

Newspaper

1 – Amazon Japan portal adopts UnionPay to attract Chinese shoppers

Amazon.com Inc.’s website in Japan will start accepting UnionPay cards, as the web retailer steps up efforts to sell more merchandise to Chinese shoppers across Asia. >>

2 – WeChat’s transformative role for beauty brands in China

A new finding on audience engagement with beauty brands on WeChat in 2016 challenges the traditional role of the app as a content-producing platform. >>

3 – Nike, H&M named world’s most valuable apparel brands

Nike and H&M are the world’s most valuable apparel brands in 2017, coming in at number one and number two, respectively, according to Brand Finance. >>

4 – Miniso Singapore plans 20 more stores

Miniso Singapore plans to open 20 more stores by the end of this year, taking its network in the city to 46. >>

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April Wu

China Market Strategy

March 7, 2017

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Retail News Roundup – Mar 7

The top 5 retail news clips in Asia this week.

Newspaper

1 – Highest conversion rate for beauty amongst Chinese

According to a new Chinese traveller & shopper report from CiR the beauty category boasts the highest conversion rate amongst shoppers, and Tier 2 shoppers have a strong propensity to purchase in confectionery, jewellery & watches categories. >>

2 – Chinese e-commerce firm JD.com’s revenue jumps 47 percent

Amid fierce competition, JD has sought to diversify into data, cloud and finance services. It has also expanded its offerings of fast moving consumer goods including household supplies and grocery products. >>

3 – Korea : Demand for rental services soars

According to big data analysis firm Daumsoft, online mentions of “rental service” on blogs and Twitter more than doubled over the past three years from 75,300 in 2014 to 177,003 in 2016, and now include more lower priced goods, with shorter rental periods. >>

4 – Solid year for revitalised Dairy Farm International

Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. >>

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April Wu

China Market Strategy

February 21, 2017

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Retail News Roundup – Feb 21

The top 5 retail news clips in Asia this week.

Newspaper

1 – Alibaba partners with Bailian Group

Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows. >>

2 – Online bedding retailer Koala eyes Asia

The company will initially target Hong Kong, China, Japan and Singapore, along with the UK. >>

3 – Victoria’s gets closer to Chinese women

US lingerie giant Victoria’s Secret is opening its first full assortment stores in China. Two stores will open initially, one in Shanghai and the other in Chengdu. >>

4 – High interest in wearable devices in China

While 43 per cent of urban Chinese consumers would buy wearable devices for themselves, the figure rises to 48 per cent for the 20- to 24-years age bracket, says London-based research firm Mintel. >>

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April Wu

China Market Strategy

February 7, 2017

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Retail News Roundup – Feb 7

The top 5 retail news clips in Asia this week.

Newspaper

1 – Live streaming lures China’s luxury travel marketers

As Snapchat and Instagram Stories take off in the West, China is having its own live-streaming boom, with hundreds of platforms and 24 million daily active users getting in on the trend. >>

2 – China, Japan shine in 2017 Global 500 Brand ranking

While the U.S. dominates the global brand value ranks, Asian brands — namely from China, Japan and South Korea — are increasingly valuable as brands, a recent report has shown. >>

3 – Clothing shoppers prefer stores, says YouGov

Shopping in-store is still the dominant means of buying apparel in Asia-Pacific, according to the latest study from research company YouGov. >>

4 – H&M Asia looks to eCommerce

The H&M Asia online stores will open in Hong Kong, Singapore, Macau, Taiwan and Malaysia. A sixth will open in Turkey. >>

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April Wu

China Market Strategy

January 24, 2017

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Retail News Roundup – Jan 24

The top 5 retail news clips in Asia this week.

Newspaper

1 – Hugo Boss price slash pays off in China

Affordable luxury brand Hugo Boss said 2016 operating profit would fall less than first predicted, after the German firm smashed out a fourth-quarter sales recovery thanks to increased spending in China. >>

2 – 86 percent of millennials use mobile while shopping in-store

Millennials are increasingly turning to mobile to enhance their in-store experience, with 96 percent of millennials making purchases at stores at which they used their mobile devices to shop. >>

3 – JV aims to boost Muji brand in Philippines

Specialty retailer SSI Group has signed a JV agreement with Japan’s Ryohin Keikaku in a bid to boost the Muji household supplies brand in the Philippines. >>

4 -Nike To Benefit From Opening Stores Within JCPenney Locations

Recently JCPenney announced that it is featuring designated Nike shops within more than 600 of its stores. >>

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