April Wu

China Market Strategy

December 23, 2015

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Banking News This Week – Dec 23

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

banking news_cover

1 – Vietnamese banks could be taken over by regional big banks

When the ASEAN Economic Community takes effect, Vietnam will have to allow up to 70 percent of foreign ownership ratio in Vietnamese banks. >>

2 – Vietnam : Commercial banks rush to enter retail services

Banks in the last three years have rushed to provide retail banking services, encouraged by the increased spending of middle-class income earners. Fifty-three percent of the 95 million population are of working age. >>

3 – Mobile payments may make their impact on business

According to Gartner, half of consumers in developed economies such as North America, Western Europe and Japan will use smartphones or wearable technologies to make payments by 2018. >>

4 -China Unionpay partners with banks on mobile payments

China Unionpay, the country’s dominant card-payment processor, launched a mobile payment service called Quickpass with over 20 of the country’s banks. >>

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April Wu

China Market Strategy

December 22, 2015

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Retail News Roundup – Dec 22

The top 5 retail news clips in Asia this week.

Newspaper

1 – HK eyewear brand Mujosh opens 1st store in Australia, to have 1,000 stores worldwide in 5 years

The brand aims to have at least 1,000 specialty stores and mature distribution channels through the world in the next five years. >>

2 – Big C REIT will fund expansion

The board of SET-listed Big C Supercenter Plc has announced plans to set up a real estate investment trust (REIT) next year. Assets underlying the REIT are expected to comprise most of its 174 shopping centres in prime locations nationwide, covering 800,000 square metres of rental space.>>

3 – Bison plans 150 new myNEWS stores in Malaysia

Home-grown news stand and convenience store operator Bison Consolidated Bhd, which aims to expand its presence using proceeds from an upcoming public offer, plans to open 150 new myNEWS.com convenience stores across the country by 2017 from 205 stores currently. >>

4 – Lee clothing now sold in vending machines

Consumers can now buy Lee T-shirts from vending machines in selected locations, with jeans to be added next year. Central Marketing Group plans to boost the number of machines to 200 in three years from four at present. >>

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April Wu

China Market Strategy

December 15, 2015

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Retail News Roundup – Dec 15

The top 5 retail news clips in Asia this week.

Newspaper

1 – Yum! Brands unveils Yum! China strategy

Yum! Brands says the planned spinoff of its Yum! China operation into two separate independently-traded companies will boost returns and increased asset value for shareholders of both. >>

2 – Vietnam a rising Asian retail market

Viet Nam is on the way to becoming one of the most developed retail markets in Asia. >>

3 – Gap to open 10 new stores in China

US-based Gap Inc will open 10 new stores within the next two months in China as the country becomes the most significant growth market for the group. >>

4 – Bangkok:St. Marc Cafe debuts in CentralWorld

St. Marc Cafe, a Japanese bakery restaurant and coffee shop brand, has opened in Thailand. >>

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April Wu

China Market Strategy

December 9, 2015

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Banking News This Week – Dec 9

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

banking news_cover

1 – China Bank to open 11 branches in December

Philippines — China Banking Corporation is set to open 11 more branches in major business districts in Metro Manila next month, in a bid to expand its presence and reach more clients. >>

2 – WeChat launches its peer-to-peer mobile wallet in South Africa, no bank account required

Chinese Internet giant Tencent this week rolled out WeChat Wallet, an ewallet that lives within the main WeChat mobile messenger app, in South Africa. >>

3 – South Africa: Banks failing to exploit online, mobile

According to the study the majority of banks (87%) perform less than 10% of sales via digital, and for one in five banks, this figure falls to less than 1% of sales. >>

4 -Banks still some way from leading mobile revolution

As part of efforts to be at the frontline of the mobile revolution, banks are launching new apps to promote the use of mobile banking among customers. However, they still have some way to go, with consumers looking for more and better features. >>

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April Wu

China Market Strategy

December 8, 2015

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Retail News Roundup – Dec 8

The top 5 retail news clips in Asia this week.

Newspaper

1 – Millennials: China’s strongest online shopping power for cross-border purchases

The number of China-based consumers shopping US brands online over the holiday season has jumped 7 times over last year, representing a record-breaking year, according to Alipay, China’s leading third-party payment platform. >>

2 – Amazon teams up with Baidu in latest crack at China

Amazon has partnered with Chinese internet giant Baidu which will provide search features, apps and online video on the U.S. e-commerce site’s tablets in China. >>

3 – Coccinelle focuses on Asian expansion

Italian accessories brand Coccinelle says Asia Pacific remains its priority as it expands its retail network internationally. >>

4 – Ikea to ramp up SEA expansion

Swedish furniture and homewares retailer Ikea wants to ramp up its Southeast Asian store rollout. The next two markets in its sights are the Philippines and Vietnam. >>

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