April Wu

China Market Strategy

August 11, 2015

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Retail News Roundup – Aug 11

The top 5 retail news clips in Asia this week.

1 – Vietnamese retailers should focus on services

Experts have urged Vietnamese retailers to enhance the quality of their retail services, considered a decisive factor to ensure any business’ success at a time when the country is moving towards rapid integration with regional and global economy and anticipates increasing competition. >>

2 – Italy’s luxury firms set their sights on China

Two of Italy’s leading consumer brands have sets their sights on China after revealing strong first-half figures for 2015. >>

3 – China central bank may cap online payments

China’s central bank has proposed limiting the size of transactions through third-party online payment systems like Alipay to ensure security for consumers’ information and money. >>

4 – Dairy Farm buys more Yonghui shares

Dairy Farm International has agreed to acquire a further 143 million shares in a placement by Yonghui Superstores for about US$210 million. >>

5 – Uniqlo to open seventh Aussie store

Japanese retailer, Uniqlo, will open its third Victorian store in late 2015 in the redeveloped Eastland centre, in Melbourne’s east. >>