April Wu

China Market Strategy

May 17, 2017

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Retail News Roundup – May 17

The top 5 retail news clips in Asia this week.

1 – Yum China buys Chinese food delivery company

Yum China is betting that more consumers will continue to order Pizza Hut and KFC food via their smartphones for speedy delivery to their homes and work. Yum China Holdings Inc is buying a controlling interest in online food delivery company Daojia.com.cn for an undisclosed sum. >>

2 – Alipay to be launched, and used, in Malaysia

Malaysian merchants are set to accept the use of Alipay, China’s indigenous mobile wallet, in stores around the country this month. >>

3 – SPC expands global presence

Is it possible for a Korean bakery to survive in the saturated U.S. and French markets? SPC Group has addressed such concerns, winning notable success even in the country known as the home of bread. >>

4 – China, Thailand help drive Spar network growth

Netherlands-based, franchised grocery banner Spar International is looking to China and Thailand to help continue to sustain its largest growth spurt in a decade. >>

5 – Mondelez China sees challenge in provinces

As the economic turndown hits consumer spending in China’s megacities, FMCG companies are turning to the provinces as the next frontier of growth, according to snack company Mondelez China president Stephen Maher. >>