April Wu

China Market Strategy

August 2, 2016

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Retail News Roundup – Aug 2

The top 5 retail news clips in Asia this week.

1 – Analyst : China’s online retail sales to double in three years

While the offline retail market is expected to suffer in the short and mid-term, China’s online retail sector will grow rapidly in the next few years, with online shoppers to exceed 40 per cent of the total population in 2018 and online retail sales to double by then from current level, according to analysts. >>

2 – Zalora goes ‘clicks-and-mortar’ in the Philippines

Online retailer Zalora has opened a pop-up shop in Bonifacio High Street Central. The new clicks-and-mortar store — with both web and real life service — is said to revolve around three words: digital, lifestyle, and fashion. >>

3 – Wal-Mart’s new WeChat features for Chinese shoppers

Beginning this month, millions of Chinese shoppers have been able to check out in more than 100 Wal-Mart stores in China by using WeChat Pay, a mobile payment feature within WeChat. A consumer shows a bar code within the WeChat app to a cashier, and the cashier scans the code to verify the payment. >>

4 – Bo’s Coffee Philippines eyes expansion abroad

Bo’s Coffee Philippines is set to expand its network of 80 stores abroad. >>

5 – How retailers use Pokemon Go to connect with consumers

Traditional retail and F&B businesses are finding opportunities to connect with consumers and compete in the online space through Nintendo’s augmented reality game Pokemon Go. >>