April Wu

China Market Strategy

March 15, 2016

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Retail News Roundup – Mar 15

The top 5 retail news clips in Asia this week.

1 – In the retail realm, the bookworm turns

Since 2010, many bricks-and-mortar bookshops have been forced to close or move to cheaper, more remote locations. However, last year alone, 10 new bookstores opened in Shanghai, many in prime downtown areas. >>

2 – Woodland eyes global expansion, to open stores in countries like Russia and China

KOLKATA: Footwear and outdoor gear brand Woodland is looking to expand its international presence significantly by opening stores in countries such as Russia, China, Malaysia, Singapore, Canada and the UAE. >>

3 – Adidas in China stores rush

German sportswear maker Adidas will open 3,000 new stores in China by 2020, counting on rising affluence and health- awareness in the country to boost its global business. >>

4 – Hugo Boss China to close 20 stores

Hugo Boss China says it will close 20 stores to reduce losses. >>

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April Wu

China Market Strategy

March 9, 2016

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Banking News This Week – Mar 9

The top 5 banking news stories in emerging markets this week.

1 – Korean banks, asset managers rush to enter Vietnamese market

From commercial banks to wealth management firms, Korean financial institutions are seeking to bolster their presence in the fast-growing Vietnam market to drive growth as the industry slows at home. >>

2 – Indonesia’s Bank Central Asia to hold back expansion due to margin squeeze

Indonesia’s biggest bank by market value Bank Central Asia (BCA) said it would hold back some expansion plans this year after regulators announced a series of measures that will lower banks’ margins. >>

3 – Facilitation:‘Branchless banking could spur GDP growth’

Branchless banking would have a positive impact on Gross Domestic Product (GDP) growth and lives of people in general. >>

4 – Standard Chartered makes retail banking paperless

MUMBAI: India’s largest foreign bank by number of branches Standard Chartered Bank on Tuesday announced the global launch of a digital tablet-based sales-and-service tool that “brings the bank” to clients. >>

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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. >>

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April Wu

China Market Strategy

February 23, 2016

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Retail News Roundup – Feb 23

The top 5 retail news clips in Asia this week.

1 – India:Walmart eyes $300-mn investment by 2020

US-retail giant Walmart is gearing up its India presence by expanding store strength from the current 21 to 70 by 2020. For this expansion the company will invest $240 million to $300 million. >>

2 – Malaysia:Zawara to push F&B business overseas next year

Local fashion brand Zawara Sdn Bhd aims to push its new business, Zawara Coffee to Singapore and Indonesia next year and establish the brand in the United Arab Emirates, Europe and North America by 2020. >>

3 – WeChat transactions top 8 billion

SHANGHAI: Chinese chat app WeChat hit a new high over the Chinese New Year holiday, as the number of mobile transactions on the app hit 8bn in just four days. >>

4 – China quick to adopt digital wallets

Nearly half of consumers in China who took part in a new survey shop with digital wallets. Overall, the study shows that digital wallets are the fastest-growing payment technology in the region, with one in five of those surveyed using the technology. >>

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April Wu

China Market Strategy

February 2, 2016

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Retail News Roundup – Feb 2

The top 5 retail news clips in Asia this week.

1 – H&M eyes expansion as profits rise

H&M said it planned more than 400 new stores for the coming financial year, mostly in markets where the group is already present. >>

2 – McDonald’s plans expansion in more lower-tier cities in China

McDonald’s China says it eyes to open 250 new stores in the country this year and it will focus its expansion in lower tier cities and consumers’ digital experience as the fast food chain recovers from the OSI China supplier issue in 2014. >>

3 – Singapore-Based Courts Retail opens second megastore in Indonesia

Indonesia is currently the driver of Courts’ growth. Since we first entered Indonesia in 2014, we now operate two megastores and three regular outlets. We aim to open twelve more outlets by 2018. This is our commitment in catering to the demands of Indonesians. >>

4 – Harley-Davidson Hong Kong opens new flagship

Harley-Davidson Hong Kong has unveiled a new showroom in Chai Wan as part of its expansion plan in the city. >>

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