April Wu

China Market Strategy

April 14, 2015

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Retail News Roundup – Apr 14

The top 5 retail news clips in Asia this week.

Newspaper

1 – Vietnamese companies should invest in e-commerce

Vietnamese companies should seek to expand exports through e-commerce, which is becoming an effective channel for approaching importers. >>

2 – Supermarkets tap into Vietnam’s domestic retail sector

The considerable potential of Vietnam’s domestic retail market is being actively promoted by large retailers looking to expand their businesses at a faster pace. >>

3 -Alibaba Bank to debut in June

Alibaba’s finance subsidiary Ant Financial will launch the new ‘Alibaba bank’ online in two months. >>

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April Wu

China Market Strategy

April 8, 2015

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Banking News This Week – Apr 8

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

banking news_cover

1 – CBN approves 2 models of mobile money services

The Regulatory Framework and Guidelines on Mobile Money Services in Nigeria is­sued by CBN on its website, classified the services as bank led, which is a bank and/or its consortium as lead initiator and non-bank led, which is a corporate organisation duly licensed by CBN as lead ini­tiator. >>

2 – Over 700 million in Asia already bank digitally

According to a new report from McKinsey & Company, smartphones and high speed Internet access are transforming banking habits in Asia where over 700 million people already regularly conduct transactions online. >>

3 - M-commerce boom in Philippines as smartphone penetration increases

M-commerce is booming in the Philippines, thanks to a young, digitally-connected population, better payment options and a bigger variety of vendors. >>

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April Wu

China Market Strategy

April 7, 2015

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Retail News Roundup – Apr 7

The top 5 retail news clips in Asia this week.

Newspaper

1 – Retailers keen to open in Bangkok

Bangkok has been ranked eighth among retail target markets in Asia-Pacific, with 19 new entrants opening stores last year, according to a report by property consultancy CB Richard Ellis (CBRE). >>

2 – L’Oreal posts slower growth in China

L’OREAL, the world’s largest cosmetics group, said growth in China slowed to 7.7 percent last year from that of 10.2 percent in 2013, as consumption growth slowed in China and globally. >>

3 -Quiznos China plans 1500 stores

US fast food chain Quiznos has revealed more details of its plan to roll out a massive 1500 strong network across China. >>

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Ethan Li

Project Manager

March 31, 2015

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Mobile Banking Boom in Emerging Markets

kiwanja_uganda_texting_3

Have you used mobiles to pay credit card bills or transfer money among accounts via any Bank App? It’s far more convenient than visiting to a bank and waiting in line at counter for these trivials. With mobile banking boom on the horizon, many banks have adopted new technology to catch up with this inevitable Bank 3.0 trend, and release their own App to attract customers.

However, you may wonder whether this trend only happens in developed countries in terms of smartphone penetration rate. How about emerging markets with plenty of unbankable population, who cannot afford expensive gadgets? Surprisingly, people there may use mobile banking services daily more often than you’d expected. Below are some of the findings.

  1. Text Banking

    It’s not only smartphones can do mobile payments, but also any outdated mobile capable of texting messages can do it via “Text Banking”, a service which allows you to quickly request or receive account information via text message.

  2. Prevalent among small businesses

    It fundamentally revolutionized how people do small businesses. For example, a fisherman in Kenya rural village used to spend days commuting between home and local market for vending in person. Now, he can deliver fish through a bus and receive payment remotely at home. It saves both time and money to nurture his business dramatically.

  3. Credibility/fraud concerns

    However, it might backfire in both personal security and credit fraud issues. How can one ensure that his/her personal transaction records, such as amount, GPS location, account number etc, in the phone log won’t be exposed accidently or intentionally from the telecom company side? On the other hand, how can the bank or telecom company prevent one from using single-use cell phones for trafficking or frauds without further credit investigation in advance?

Mobile banking is without doubt rising and popular in emerging countries now. Many NGOs or banks are probing to reach out these unbankable population. How to find a balance between financial regulations and usage convenience is the key to build a better solution locally.

 

April Wu

China Market Strategy

March 31, 2015

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Retail News Roundup – Mar 31

The top 5 retail news clips in Asia this week.

Newspaper

1 – Convenience stores look at mobile app potential

Two major convenience store chains in Taiwan are trying to introduce mobile apps to give customers access to a greater range of services and boost sales as e-commerce could soon revolutionize the convenience store industry. >>

2 – WeChat Makes E-Commerce Push to Serve Growing Users in Indonesia

The developers of the popular multi-platform messaging app WeChat have rolled out an e-commerce offering through the app to tap the boom in the number of Indonesians using smartphones and engaging in online transactions. >>

3 – H&M to open 400 new stores in FY 2014-15

Swedish fashion retailer Hennes & Mauritz (H&M) has said “strong” store and online expansion led to improved sales and profits in the first quarter. >>

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