April Wu

China Market Strategy

March 21, 2017

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Retail News Roundup – Mar 21

The top 5 retail news clips in Asia this week.

1 – Amazon Japan portal adopts UnionPay to attract Chinese shoppers

Amazon.com Inc.’s website in Japan will start accepting UnionPay cards, as the web retailer steps up efforts to sell more merchandise to Chinese shoppers across Asia. >>

2 – WeChat’s transformative role for beauty brands in China

A new finding on audience engagement with beauty brands on WeChat in 2016 challenges the traditional role of the app as a content-producing platform. >>

3 – Nike, H&M named world’s most valuable apparel brands

Nike and H&M are the world’s most valuable apparel brands in 2017, coming in at number one and number two, respectively, according to Brand Finance. >>

4 – Miniso Singapore plans 20 more stores

Miniso Singapore plans to open 20 more stores by the end of this year, taking its network in the city to 46. >>

5 – Honestbee Thailand launches in Bangkok

Singapore on-demand online grocery concierge and delivery service Honestbee has launched in Bangkok. >>