April Wu

China Market Strategy

March 28, 2017

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Retail News Roundup – Mar 28

The top 5 retail news clips in Asia this week.

1 – Anta Sports plans $488m share sale to fund acquisition

ANTA Sports Products Ltd plans to raise HK$3.79 billion (401 million pounds) in a share sale to fund tie-ups and acquisitions of international sportswear brands. >>

2 – The fastest growing economies in east Asia in 2017

Here are the countries that the World Bank projects will grow fastest in East Asia and the Pacific this year. >>

3 – Facebook rolls out new shopping ad format “Collection”

Facebook has launched a new shopping ad format called Collection for marketers which will help them drive retail sales on mobile. The Collection ad format allows marketers to have a video/image on top of the ad with four more products from the retailer showing below it. >>

4 – Vietnam grocer Saigon Co.op plans nearly 600 new stores

Vietnam grocer Saigon Co.op has revealed an ambitious store rollout program for 2017, adding nearly 600 stores by the year’s end. >>

5 – Zara Thailand launches online

Zara Thailand is launching online sales in Thailand this month. Vietnam will follow, with the service already introduced in Malaysia and Singapore this month. >>