April Wu

China Market Strategy

December 27, 2016

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Retail News Roundup – Dec 27

The top 5 retail news clips in Asia this week.

1 – 5 digital retail trends that will be big in 2017

Analysts and online retail watchers predict these five digital retail trends will be (or become) even bigger in the new year. >>

2 – Nike’s profit rises on stronger demand in U.S. and China

Nike Inc.’s quarterly profit rose 7% amid stronger demand in the U.S. and China, and executives defended the company’s performance amid heightened sportswear competition. >>

3 – Tencent grows international operations to help foreign brands make sense of China’s scale

Last month, Tencent officially announced the opening of a new Singapore operation that would help brands from Singapore, and the wider Asia Pacific region, get a better understanding of how to target to Chinese consumers. >>

4 -Element Fresh plans Asian franchise roll-out

Chinese international restaurant brand Element Fresh plans to grant development rights to franchisees across Asia, with an initial focus on Hong Kong, Japan, Thailand and Singapore. >>

5 – Buffett’s Dairy Queen to expand into Korea, open 50 stores

Dairy Queen, the restaurant chain owned by Warren Buffett’s Berkshire Hathaway Inc., is extending its international push by expanding in South Korea, with a plan to open 50 locations there in five years. >>