April Wu

China Market Strategy

February 23, 2016

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Retail News Roundup – Feb 23

The top 5 retail news clips in Asia this week.

Newspaper

1 – India:Walmart eyes $300-mn investment by 2020

US-retail giant Walmart is gearing up its India presence by expanding store strength from the current 21 to 70 by 2020. For this expansion the company will invest $240 million to $300 million. >>

2 – Malaysia:Zawara to push F&B business overseas next year

Local fashion brand Zawara Sdn Bhd aims to push its new business, Zawara Coffee to Singapore and Indonesia next year and establish the brand in the United Arab Emirates, Europe and North America by 2020. >>

3 – WeChat transactions top 8 billion

SHANGHAI: Chinese chat app WeChat hit a new high over the Chinese New Year holiday, as the number of mobile transactions on the app hit 8bn in just four days. >>

4 – China quick to adopt digital wallets

Nearly half of consumers in China who took part in a new survey shop with digital wallets. Overall, the study shows that digital wallets are the fastest-growing payment technology in the region, with one in five of those surveyed using the technology. >>

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April Wu

China Market Strategy

February 3, 2016

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2016 Chinese New Year Holiday Notice

2016_year of the monkey

Dear Valued Customers & Partners,

Please be informed that our office will be closed from 6-Feb-2016 to 14-Feb-2016 for Chinese Lunar New Year Holiday. We will resume to Normal Operation on 15-Feb-2016. Thank you for your kind attention and wish you a Happy Chinese Lunar New Year!

Best,
getchee.

 

April Wu

China Market Strategy

February 2, 2016

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Retail News Roundup – Feb 2

The top 5 retail news clips in Asia this week.

Newspaper

1 – H&M eyes expansion as profits rise

H&M said it planned more than 400 new stores for the coming financial year, mostly in markets where the group is already present. >>

2 – McDonald’s plans expansion in more lower-tier cities in China

McDonald’s China says it eyes to open 250 new stores in the country this year and it will focus its expansion in lower tier cities and consumers’ digital experience as the fast food chain recovers from the OSI China supplier issue in 2014. >>

3 – Singapore-Based Courts Retail opens second megastore in Indonesia

Indonesia is currently the driver of Courts’ growth. Since we first entered Indonesia in 2014, we now operate two megastores and three regular outlets. We aim to open twelve more outlets by 2018. This is our commitment in catering to the demands of Indonesians. >>

4 – Harley-Davidson Hong Kong opens new flagship

Harley-Davidson Hong Kong has unveiled a new showroom in Chai Wan as part of its expansion plan in the city. >>

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April Wu

China Market Strategy

January 26, 2016

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Retail News Roundup – Jan 26

The top 5 retail news clips in Asia this week.

Newspaper

1 – O2O commerce is generating real money in China

China’s rapidly emerging online-to-offline (O2O) market was a significant contributor to the growth of the country’s eCommerce industry in 2015, according to internet market research firm iResearch. >>

2 – Mobile World to open stores in Cambodia, Myanmar, Laos

Mobile World, one of the largest mobile phone and electronic product distribution chains in Vietnam, is preparing to open its first stores in Laos, Cambodia and Myanmar in early 2017. >>

3 – From Chinese “tourists” to “travelers”: millennials’ shifting tastes shape outbound market

As China’s outbound travel market reached 109 million people in 2015, trips abroad became more personalized, independent, and focused on meaningful experiences than ever before. >>

4 – 100th store for Toys R Us China

During the past year, Toys R Us China has opened 27 stores across the nation. International expansion, particularly throughout China and Southeast Asia, continues to be an important part of our long-term growth strategy. >>

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April Wu

China Market Strategy

January 19, 2016

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Retail News Roundup – Jan 19

The top 5 retail news clips in Asia this week.

Newspaper

1 – Forever 21 to open second HK store in Mong Kok, eyes further expansion in Asia

US fast-fashion retailer Forever 21 will open its second store in Hong Kong this year, capitalising on the shift in consumer demand from luxury to non-luxury products. >>

2 – Starbucks to open 500 new stores in China in 2016

US specialty retailer has opened its first overseas store in one of the largest retail shopping centers in the
Starbucks, the world’s largest coffee chain, said on Tuesday it aims to open 500 stores in China this year, shrugging off a slowdown in the world’s second-largest economy that has hit global retailers. >>

3 – Visa claims more Filipinos using contactless payments

More consumers in The Philippines are using contactless payments, according to the Visa Consumer Payment Attitudes Study 2015. >>

4 – Where Chinese tourists are spending their shopping dollar

Mainland China has become one of the main global suppliers of tourists, and that has been paying dividends for retailers globally.But as the Chinese are roaming further afield, Hong Kong and Macau retails have seen their sales dropping. >>

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