April Wu

China Market Strategy

March 8, 2016

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Retail News Roundup – Mar 8

The top 5 retail news clips in Asia this week.

1 – Samsung eyes China market with mobile payment app

Shortly after Apple launched its payment service in China, competitor Samsung unveiled Samsung Pay, adding kindling to the already heated mobile payment market. >>

2 – Adidas China to open 3000 new stores

Adidas China – aiming to cash in on fast-growing enthusiasm for sports across Greater China – plans to open 3000 new stores by 2020. >>

3 – Charming Charlie to expand Asian network

US retailer Charming Charlie has opened its pink doors in the Philippines. And following this Asian debut, the US-based fashion retailer is now eyeing Malaysia, Indonesia, Korea and China for expansion. >>

4 – McThai cooks up big store expansion plan

Chief executive Hester Chew said about 1 billion baht will be spent each year to open new fast food stores and upgrade its facilities from 2016-20. McDonald’s stores will reach 400 by 2020, up from 223 last year. >>

5 – Central Group Thailand to invest US$1.1bn

Central Group Thailand, the country’s largest retail conglomerate, plans to invest some 39 billion baht (US$1.1 billion) in new supermarkets, stores and hotels this year to boost turnover. >>