April Wu

China Market Strategy

October 18, 2016

  • Share by Email
  • Tweet This
  • Share on Google+
  • Share on Facebook
  • Share on LinkedIn
  • Tweet This

Retail News Roundup – Oct 18

The top 5 retail news clips in Asia this week.

1 – S. Korea’s largest retailer joins hands with Sinar Mas Land in Indonesia

Jakarta. South Korea’s largest retailer, GS Retail, opened its first supermarket in Cibubur, East Jakarta, on Friday (07/10) in partnership with Indonesian property developer Sinar Mas Land, to target the country’s upper-middle class. >>

2 – Global duty free market will expand to US$64 billion by 2020, according to new analysis

The global duty free market is expected to expand to US$64 billion by 2020, according to research from Verdict Retail. >>

3 – China biggest buyer of Korean beauty products

China was the biggest buyer of Korean beauty products last year, grabbing almost half of the country’s cosmetics exports, according to Korea Health Industry Development Institute data. >>

4 – Yum China aims to triple outlets

Yum China, being spun off at the end of this month by Yum Brands Inc, says it can triple its number of restaurants.Yum Brands opened its foray into China with a KFC restaurant in Beijing in 1987. There are now more than 7300 KFC and Pizza Hut outlets. >>

5 – Survey: More than 70 percent of Chinese tourists will use a travel app to book vacations

Chinese tourists are more likely to use travel apps on their smartphones to book hotels, flights, and more, according to a survey by Travelzoo. >>