April Wu

China Market Strategy

September 6, 2016

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Retail News Roundup – Sep 6

The top 5 retail news clips in Asia this week.

1 – Alibaba to take stake in Yum China

Yum! Brands has agreed with two partners to invest $460 million into Yum China, following its spinoff from the American fast-food giant. >>

2 – Mall of Korea plans more shopping malls in Thailand

THE MALL OF KOREA (MOK), a group of Korean entertainment companies, is set to expand its business in Thailand, beginning with a new shopping mall at Show DC, scheduled to open its doors in November. >>

3 – China’s V-Grass to buy Korean youth fashion brand Teenie Weenie for nearly $900 million

South Korea apparel and retail firm E-Land Group is selling a youth clothing brand to China’s V-Grass Fashion Co Ltd (603518.SS) for nearly $900 million, cashing in on a boom in Korean fashion and cosmetics China to raise funds to cut debt. >>

4 – HappyFresh slams door on Philippines

While announcing it has raised series-B funding for an undisclosed amount, Jakarta-based grocery delivery platform HappyFresh has revealed that it is pulling out of the Philippines and Taiwan. >>

5 – Vietnam attracts foreign investors as electronics retail industry booms

Foreign direct investors have been flocking to Vietnam due to a fast-growing retail industry driven by the electronics sector, as growth in their own home countries have slowed. >>