April Wu

China Market Strategy

December 8, 2015

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Retail News Roundup – Dec 8

The top 5 retail news clips in Asia this week.

1 – Millennials: China’s strongest online shopping power for cross-border purchases

The number of China-based consumers shopping US brands online over the holiday season has jumped 7 times over last year, representing a record-breaking year, according to Alipay, China’s leading third-party payment platform. >>

2 – Amazon teams up with Baidu in latest crack at China

Amazon has partnered with Chinese internet giant Baidu which will provide search features, apps and online video on the U.S. e-commerce site’s tablets in China. >>

3 – Coccinelle focuses on Asian expansion

Italian accessories brand Coccinelle says Asia Pacific remains its priority as it expands its retail network internationally. >>

4 – Ikea to ramp up SEA expansion

Swedish furniture and homewares retailer Ikea wants to ramp up its Southeast Asian store rollout. The next two markets in its sights are the Philippines and Vietnam. >>

5 – Watchmaker Fossil group buys Misfit

Watchmaker Fossil Group has agreed to acquire Misfit, a wearable fitness tracker producer based in the United States and Viet Nam, for US$260 million. >>