April Wu

China Market Strategy

August 23, 2016

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Retail News Roundup – Aug 23

The top 5 retail news clips in Asia this week.

1 – H&M opens first store in Mumbai at High Street Phoenix

H&M opens first store in Mumbai at High Street Phoenix. >>

2 – Digital payments are shaking up Asia’s credit card industry

The shifting attitude of Asian consumers is upending the economics of the credit-card industry, and banks like Citigroup Inc., HSBC Holdings Plc and Standard Chartered Plc are taking note. >>

3 – Ikea Group China launching eCommerce trial

Swedish home furnishings retailer Ikea Group China will launch into eCommerce in Shanghai and start selling its products online within the next couple of weeks. >>

4 – 7-Eleven network hits 60,000 stores

Claimed to be the largest convenience retail chain in the world, the 7-Eleven network has just opened its 60,000th store. >>

5 – China’s duty-free shop launches soft opening of 3rd outlet in Cambodia

China Duty Free Group (CDFG), a Chinese state-owned enterprise, has launched the soft opening of its third shop in Cambodia. >>