April Wu

China Market Strategy

March 7, 2017

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Retail News Roundup – Mar 7

The top 5 retail news clips in Asia this week.

Newspaper

1 – Highest conversion rate for beauty amongst Chinese

According to a new Chinese traveller & shopper report from CiR the beauty category boasts the highest conversion rate amongst shoppers, and Tier 2 shoppers have a strong propensity to purchase in confectionery, jewellery & watches categories. >>

2 – Chinese e-commerce firm JD.com’s revenue jumps 47 percent

Amid fierce competition, JD has sought to diversify into data, cloud and finance services. It has also expanded its offerings of fast moving consumer goods including household supplies and grocery products. >>

3 – Korea : Demand for rental services soars

According to big data analysis firm Daumsoft, online mentions of “rental service” on blogs and Twitter more than doubled over the past three years from 75,300 in 2014 to 177,003 in 2016, and now include more lower priced goods, with shorter rental periods. >>

4 – Solid year for revitalised Dairy Farm International

Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. >>

5 – Yum awarded franchise to run Pizza Hut restaurant

The world’s leading quick-service restaurant company, Yum Brands announces that it has officially awarded PH Capital the franchise to operate the Pizza Hut restaurant chain in Thailand. >>