April Wu

China Market Strategy

February 23, 2016

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Retail News Roundup – Feb 23

The top 5 retail news clips in Asia this week.

1 – India:Walmart eyes $300-mn investment by 2020

US-retail giant Walmart is gearing up its India presence by expanding store strength from the current 21 to 70 by 2020. For this expansion the company will invest $240 million to $300 million. >>

2 – Malaysia:Zawara to push F&B business overseas next year

Local fashion brand Zawara Sdn Bhd aims to push its new business, Zawara Coffee to Singapore and Indonesia next year and establish the brand in the United Arab Emirates, Europe and North America by 2020. >>

3 – WeChat transactions top 8 billion

SHANGHAI: Chinese chat app WeChat hit a new high over the Chinese New Year holiday, as the number of mobile transactions on the app hit 8bn in just four days. >>

4 – China quick to adopt digital wallets

Nearly half of consumers in China who took part in a new survey shop with digital wallets. Overall, the study shows that digital wallets are the fastest-growing payment technology in the region, with one in five of those surveyed using the technology. >>

5 – Wildcraft expands out of India

As a first step toward growing its international presence, Indian fashion brand Wildcraft has launched into the Middle East and Southeast Asia. >>