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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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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April Wu

China Market Strategy

December 27, 2016

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Retail News Roundup – Dec 27

The top 5 retail news clips in Asia this week.

Newspaper

1 – 5 digital retail trends that will be big in 2017

Analysts and online retail watchers predict these five digital retail trends will be (or become) even bigger in the new year. >>

2 – Nike’s profit rises on stronger demand in U.S. and China

Nike Inc.’s quarterly profit rose 7% amid stronger demand in the U.S. and China, and executives defended the company’s performance amid heightened sportswear competition. >>

3 – Tencent grows international operations to help foreign brands make sense of China’s scale

Last month, Tencent officially announced the opening of a new Singapore operation that would help brands from Singapore, and the wider Asia Pacific region, get a better understanding of how to target to Chinese consumers. >>

4 -Element Fresh plans Asian franchise roll-out

Chinese international restaurant brand Element Fresh plans to grant development rights to franchisees across Asia, with an initial focus on Hong Kong, Japan, Thailand and Singapore. >>

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April Wu

China Market Strategy

December 13, 2016

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Retail News Roundup – Dec 13

The top 5 retail news clips in Asia this week.

Newspaper

1 – Faster frappuccinos in China as Starbucks joins WeChat payments

Starbucks Corp. said it will accept the WeChat payments system at about 2,500 of its cafes across China, enabling customers to complete purchases with a scan of their phone. The agreement with Tencent Holdings Ltd. means the Seattle-based chain joins foreign retailers, including KFC, Disney and Uniqlo, in embracing the cashless mobile payments ubiquitous in China. >>

2 – German wholesaler Metro shifts to new store model in China as land prices rise

In a bid to stay competitive in a fast-changing market, the retailer is changing its approach to store ownership. >>

3 – Nitori to speed up China store openings

Nitori Holdings, the Japanese furniture and home accessory retailer, will expedite store openings in China in an effort to kick-start its global expansion, company sources said. >>

4 -Target China learning fast as it gains momentum

Target China is continuing to learn about the vast mainland market as it builds brand awareness in the region in preparation for a major push. >>

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