April Wu

China Market Strategy

November 15, 2016

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Retail News Roundup – Nov 15

The top 5 retail news clips in Asia this week.

1 – Alibaba rakes up record US$17.6 billion on Singles Day sales

Beijing: Alibaba Group, the e-commerce giant behind the 24-hour Singles’ Day shopping blitz, has raked up a record USD 17.6 billion in the Singles Day online sales, creating a new record in global retail sales for any single day. >>

2 – China’s M-commerce explosion drives 32 percent Singles’ Day sales growth

A KPMG study released on Singles’ Day also found that mobile sales are becoming increasingly dominant in China’s e-commerce market, as the firm’s third annual “Connected Consumers” found that 90.4 percent of 2,560 Chinese survey respondents had made a purchase over a smartphone in the past year. >>

3 – H&M to make Vietnam retail debut in 2017

Swedish fashion giant Hennes & Mauritz (H&M) is to make its retail debut in Vietnam with the opening of its first stores in the country next year. H&M will follow brands such as Zara, Mango and Gap om making its move on the Vietnamese market. In a statement, the retailer said it has signed for first store opening in the country during 2017. >>

4 – Marks & Spencer to shutter UK and China stores, not Singapore

Britain’s Marks & Spencer (M&S) said this week it will close around 60 stores in the UK, and will shutter more than 50 international stores, on the back of lacklustre sales growth in its apparel and home wares units across the globe. >>

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April Wu

China Market Strategy

October 19, 2016

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Banking News This Week – Oct 19

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

1 – Commercial Bank of Africa targets growth in SME market

The Commercial Bank of Africa (CBA) has introduced a revamped Business Banking proposition, aimed at strengthening the banks position in the Kshs. 807 trillion Small and Medium Enterprises (SME) market. >>

2 – Mobile banking users in Indonesia remains low

Research institute Microsave reported that only 0.73 percent of cellphone users in Indonesia have utilized online financial services. >>

3 – VN banks playing catch-up to online buyers

As the country moves toward deeper integration, banks are striving to improve their information and technology systems in order to catch up with new trends and to ensure customer safety. Globalization and interconnectivity come with information and technology risks. In addition, the presence of financial technology (fintech) also has reshaped the financial services sector. >>

4 – Payment solutions key to e-commerce success in the Philippines

While online retail has seen a boost with the popularity of e- and m-commerce channels, supporting business processes like payments must mature for e-commerce to be truly viable in the country. >>

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April Wu

China Market Strategy

October 18, 2016

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Retail News Roundup – Oct 18

The top 5 retail news clips in Asia this week.

1 – S. Korea’s largest retailer joins hands with Sinar Mas Land in Indonesia

Jakarta. South Korea’s largest retailer, GS Retail, opened its first supermarket in Cibubur, East Jakarta, on Friday (07/10) in partnership with Indonesian property developer Sinar Mas Land, to target the country’s upper-middle class. >>

2 – Global duty free market will expand to US$64 billion by 2020, according to new analysis

The global duty free market is expected to expand to US$64 billion by 2020, according to research from Verdict Retail. >>

3 – China biggest buyer of Korean beauty products

China was the biggest buyer of Korean beauty products last year, grabbing almost half of the country’s cosmetics exports, according to Korea Health Industry Development Institute data. >>

4 – Yum China aims to triple outlets

Yum China, being spun off at the end of this month by Yum Brands Inc, says it can triple its number of restaurants.Yum Brands opened its foray into China with a KFC restaurant in Beijing in 1987. There are now more than 7300 KFC and Pizza Hut outlets. >>

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April Wu

China Market Strategy

October 11, 2016

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Retail News Roundup – Oct 11

The top 5 retail news clips in Asia this week.

1 – Macy’s plans to launch an e-commerce site in China in 2017

Macy’s Inc. says it will launch a Chinese e-retail site in 2017 in order to increase its digital presence in the world’s largest e-commerce market. The department store chain announced the plan last week in Shanghai. >>

2 – Cath Kidston’s new owners are taking on Asia

The lifestyle brand has attained new ownership after its previous majority stakeholder TA Associates sold its shares to Baring Asia, who have now become the controlling majority stakeholders. >>

3 – Michael Kors banks on strategic plans, rising costs a worry

Michael Kors has been constantly deploying resources to expand its product offerings, open new stores, build shop-in-shops, and upgrade its information system and distribution infrastructure. >>

4 – TravelersBox rolling out in Asia

TravelersBox kiosks are being launched in Asian airports allowing travellers to deposit their leftover foreign coins into their preferred online accounts. >>

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April Wu

China Market Strategy

October 5, 2016

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Banking News This Week – Oct 5

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

1 – CIMB Bank gets licence to operate full subsidiary in Vietnam

CIMB Bank has obtained the licence to operate in Vietnam, and aims to start offering the full range of commercial and retail banking products in the country by December. >>

2 – Fintech adoption to increase soon, PwC partner says

Many Thai banks have been either doing business related to fintech or joining hands with fintech start-ups to provide customers a greater variety of financial products and services. >>

3 – Thailand Banking Industry Report – 2016

This report profiles Thailand’s banking industry, discussing market trends through the first half of 2016 and outlook for 2016 and beyond. The report also highlights leading players in the sector including Siam Commercial Bank (SCB), Bangkok Bank (BBL), Kasikorn Bank (KBANK), Krung Thai Bank (KTB), and Bank of Ayudhya (BAY). >>

4 – Vietnam: Australia’s fastest growing ASEAN trade partner

Vietnam is now Australia’s fastest growing trade partner in Southeast Asia as a result of the ASEAN Australia New Zealand free trade agreement (AANZFTA), according to a recent HSBC report. >>

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