April Wu

China Market Strategy

December 23, 2014

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Retail News Roundup – Dec 23

The top 5 retail news clips in Asia this week.

1 – Online sites expand in China’s rural areas

CHINA’S leading e-commerce giants have stepped up expansion of online retail business in rural areas in hopes of tapping the new territory to offset a saturated urban market. >>

2 – Zalora offers same-day delivery in 5 Asean nations

Zalora, Asia’s online fashion destination, announced its new same-day delivery service, making it the only regional online fashion retailer to offer such a facility. >>

3 – Lotte Mart opens 10th supermarket in Vietnam, to have 60 stores by 2020

The South Korean retailer Lotte Mart yesterday opened its 10th supermarket in Viet Nam in Tan Binh District of HCM City, contributing to its expansion nationwide. >>

4 – Fossil to invest Rs 40 cr to open 25 outlets in India

US-based watchmaker Fossil will invest up to Rs 40 crore to open 25 retail outlets in India by 2017 as it aims to reposition itself from a watch brand to a fashion lifestyle brand. >>

5 – Luxury Spending In China Is Expected To Rise, But What Chinese Are Buying Is Changing

According to The China Luxury Forecast, released by Ruder Finn and Ipsos Group, 90 percent of the approximately 2,000 respondents plan to increase or maintain their spending on luxury goods, reports China Daily. However, luxury spending patterns in China are changing. >>

 

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Comments

  • Rachel Lim

    The survey found that the government’s crackdown on luxury gifts has been successful. There’s a psychological explanation how the Chinese are buying expensive goods. Well, it’s because its the way of showing off wealth. They should investing in cheap overseas properties to help the economy.