April Wu

China Market Strategy

June 27, 2017

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Retail News Roundup – Jun 27

The top 5 retail news clips in Asia this week.

1 – Papa John’s pizza looking for Vietnam franchise

The world’s third largest pizza delivery chain – Papa John’s – is looking for franchisees to expand into Vietnam. >>

2 – Anytime Fitness gets the green light to franchise in China

Anytime Fitness is the first U.S. fitness franchise to be granted a license to franchise in China, a market where 99 percent of the population does not belong to a fitness facility. >>

3 – China’s JD Eyes Expansion To Thailand, Russia

Chinese B2C e-commerce group JD plans to make an investment in Thailand before the end of 2017 to further expand its overseas business. >>

4 – Food delivery and out-of-home dining are thriving in China, study finds

According to that 2017 China shopper report, dining out and food delivery are seeing robust growth with Chinese consumers, who have traditionally cooked at home. >>

5 – Social media fatigue spreading among Korean users

The explosive popularity of social media among Korean users is starting to subside amid a sense of fatigue on excessive information from the new medium, according to industry sources. >>