April Wu

China Market Strategy

February 22, 2017

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Banking News This Week – Feb 22

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

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1 – A new financial player in Africa

Foreign-owned banks have dominated the banking sector in Africa for decades, but by and large they have failed to fully grasp the opportunity. >>

2 – More PH firms turn pessimistic

More Filipino businesses have turned pessimistic about prospects this year as they brace for the impact of the Trump administration’s protectionist policies, banking giant Standard Chartered Bank said. >>

3 – Fintechs spur top Thai bank to create new payments platform

Kasikornbank Pcl, Thailand’s largest bank by revenue, plans to introduce a new digital-payments platform by the end of 2017 to counter threats to fee income from rival transaction networks. >>

4 – VN, Cambodia state banks foster ties

Governor of the State Bank of Vietnam (SBV), Le Minh Hung, and Governor of the National Bank of Cambodia (NBC), Chea Chanto, have agreed to step up co-operation between the two banks. >>

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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 8, 2017

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Banking News This Week – Feb 8

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

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1 – Fintech Talk: Fintech in Indonesia: Between fragmentation and financial inclusion

As of December 2016, the Indian government, through the ambitious Aadhaar project, managed to register 1.09 billion people, or 85 percent of the country’s population, into its system. >>

2 – Vietnamese banks named among world’s most valuable brands

BIDV, Vietinbank and Vietcombank have once again been listed in the top 500 banking brands compiled by Brand Finance. >>

3 – New mobile payment system launched in Thailand as part of National E-payment initiative

According to news reports, an interbank mobile payments system, called PromptPay, was launched in Thailand on 27 January. PromptPay is one of several initiatives under the Thai government’s National E-payment initiative, which began to take shape in December 2015. >>

4 – Nigeria: Five Nigerian banks make World’s Top 500 Banking Brands

With $301 million brand value, First Bank ranked 357 led Guaranty Trust Bank, GTB, ranked 395 with a brand value of $258 million, and Zenith Bank 414 with a brand value of $247 million. Access Bank followed at 476 with a brand value of $182 million and the United Bank for Africa (UBA) with a brand value of $172 million ranked 487 in the world. >>

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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 25, 2017

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Banking News This Week – Jan 25

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

banking news_cover

1 – KBank keen to buy Indonesian banks

THAILAND’S fourth-largest bank, Kasikornbank (KBank), is exploring the possibility of acquiring banks in Indonesia, but acknowledges this is a challenging goal due to the Indonesian regulator’s rules concerning foreign ownership of local banks. >>

2 – Peer-to-peer lending needs big data to have a future

This new system allows individuals to lend to each other online and removes the intermediary (bank) in between. >>

3 – Bright prospects seen for digital banking in Vietnam

According to a report discussed at a workshop held recently in HCM City, Vietnam posts an internet growth rate of 9% a year, ranking 15th in the world. The number of internet users accounts for 52% of the country’s population. About 44% of customers at commercial banks have used digital services. >>

4 – Thai digital-payment system may save banks $2 billion

Thailand is due to roll out a national digital-payment system that levies much smaller transaction fees than the nation’s banks. Yet lenders expect the network to help rather than hinder them financially. >>

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