April Wu

China Market Strategy

May 2, 2017

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Retail News Roundup – May 2

The top 5 retail news clips in Asia this week.

Newspaper

1 – Thailand’s retail industry in resurgence?

The changing demographic and lifestyles of Thai consumers, combined with a more connected and informed population, are overshadowing the economic volatility of Southeast Asia’s second largest economy. >>

2 – Thai group plans to buy 7-Eleven Indonesia

Publicly listed Charoen Pokphand Indonesia says it will acquire the chain’s controlling company, Modern Sevel Indonesia, for Rp1 trillion (US$75 million). It expects the purchase to be completed in June. >>

3 – Affluent Asian millennials value family time, health, says study

According to the ‘Affluent Insights Luxury Study 2017’, wealthy, luxury-purchasing Asians –under the age of 35 and hailing from China, Hong Kong, and Singapore — are set to value different intangible luxuries such as family time, health and travel in the coming year. >>

4 – Coca-Cola to restructure company and cut costs

The beverage company says it plans to cut $800 million in additional annualized savings and will sell back its bottling and distribution operations to independent bottlers. >>

5 – China’s online grocery market to double by 2020

Online grocery in China could more than double in growth between now and 2020, according to figures released by international grocery research organisation IGD, with its current 3.1% share of the country’s total grocery market forecast to leap to 6.6% over the next three years. >>