April Wu

China Market Strategy

February 21, 2017

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Retail News Roundup – Feb 21

The top 5 retail news clips in Asia this week.

Newspaper

1 – Alibaba partners with Bailian Group

Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows. >>

2 – Online bedding retailer Koala eyes Asia

The company will initially target Hong Kong, China, Japan and Singapore, along with the UK. >>

3 – Victoria’s gets closer to Chinese women

US lingerie giant Victoria’s Secret is opening its first full assortment stores in China. Two stores will open initially, one in Shanghai and the other in Chengdu. >>

4 – High interest in wearable devices in China

While 43 per cent of urban Chinese consumers would buy wearable devices for themselves, the figure rises to 48 per cent for the 20- to 24-years age bracket, says London-based research firm Mintel. >>

5 – Solid growth for Indonesian retail sales

Indonesian retail sales rose 10.5 per cent in December, and another strong month is expected in January. >>