April Wu

China Market Strategy

January 6, 2016

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Banking News This Week – Jan 6

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

1 – E-money seen as new area for revenue growth

JAKARTA — From palm oil growers in West Sumatra, vendors in a traditional market in Central Java, to Facebook gamers in Jakarta — Indonesia’s top lender Bank Mandiri is reaching out to different segments in the community to promote its latest electronic money product, Mandiri e-Cash. >>

2 – Philippines banks down to 635 in September

MANILA, Philippines – The number of banks operating in the Philippines declined 2.6 percent in the first nine months of last year with the exit of weak players particularly rural banks. >>

3 – BSP approves 125 new bank branches, offices

The Bangko Sentral ng Pilipinas (BSP) has approved the opening of 125 more bank branches as well as offices across the country. >>

4 – Bank of Africa to begin operations in Cameroon – Sources

The Pan-African banking group, Bank of Africa (BOA) could begin operations in Cameroon in the next few weeks, its application for authorization to open a subsidiary in the largest economy of Central Africa being on the “right track”. >>

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April Wu

China Market Strategy

January 5, 2016

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Retail News Roundup – Jan 5

The top 5 retail news clips in Asia this week.

1 – Guardian allocates RM20 million for rebranding, expansion next year

Pharmacy, health and beauty store chain, Guardian Malaysia is allocating RM20 million for its rebranding and business expansion next year. >>

2 – Korean retailers suffer from warm winter

The unusually warm weather has hurt Korean retailers sales of everything from winter coats to snow boots, while boosting sales of outdoor sportswear and camping gear. In contrast, outdoor sportswear and gear enjoyed unusually high popularity.>>

3 – The battle has just begun: Amazon vs. stores

As the swell of holiday shopping subsides, online retail appears to have gained momentum this year. But traditional retailers and e-tailers alike face challenges to dominate in 2016, including weather, prices and profitability. >>

4 – Ailing McDonald’s Japan accelerates outlet closures, looks to have 190 shuttered before February

McDonald’s Holdings Co. (Japan) is accelerating the closures of outlets to cope with its deteriorating earnings traced to its loss of customer trust. >>

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April Wu

China Market Strategy

December 29, 2015

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Retail News Roundup – Dec 29

The top 5 retail news clips in Asia this week.

1 – Indomaret to open 1,600 outlets next year

Convenience store chain Indomaret is planning to open 1,600 more outlets across the archipelago next year to strengthen its grip on the market amid its confidence over the economic outlook. >>

2 – Holland & Barrett eyes India

UK health goods retailer Holland & Barrett is negotiating with a potential partner in India as its Asian retail rollout broadens.>>

3 – Young, rich, e-savvy will transform Chinese economy

China has been one of the world’s fastest-growing consumer markets in recent decades and there’s no sign that is going to change anytime soon, slowing economy or not, US management advisory firm Boston Consulting Group says in a new report. >>

4 – Eslite Group gives more details on plans to expand across Taiwan Strait

The Eslite Group, one of the largest bookstore chains in Taiwan, plans to expand across the Taiwan Strait next year by adding new stores in Taiwan, Hong Kong and mainland China. >>

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April Wu

China Market Strategy

December 23, 2015

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Banking News This Week – Dec 23

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

1 – Vietnamese banks could be taken over by regional big banks

When the ASEAN Economic Community takes effect, Vietnam will have to allow up to 70 percent of foreign ownership ratio in Vietnamese banks. >>

2 – Vietnam : Commercial banks rush to enter retail services

Banks in the last three years have rushed to provide retail banking services, encouraged by the increased spending of middle-class income earners. Fifty-three percent of the 95 million population are of working age. >>

3 – Mobile payments may make their impact on business

According to Gartner, half of consumers in developed economies such as North America, Western Europe and Japan will use smartphones or wearable technologies to make payments by 2018. >>

4 -China Unionpay partners with banks on mobile payments

China Unionpay, the country’s dominant card-payment processor, launched a mobile payment service called Quickpass with over 20 of the country’s banks. >>

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April Wu

China Market Strategy

December 22, 2015

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Retail News Roundup – Dec 22

The top 5 retail news clips in Asia this week.

1 – HK eyewear brand Mujosh opens 1st store in Australia, to have 1,000 stores worldwide in 5 years

The brand aims to have at least 1,000 specialty stores and mature distribution channels through the world in the next five years. >>

2 – Big C REIT will fund expansion

The board of SET-listed Big C Supercenter Plc has announced plans to set up a real estate investment trust (REIT) next year. Assets underlying the REIT are expected to comprise most of its 174 shopping centres in prime locations nationwide, covering 800,000 square metres of rental space.>>

3 – Bison plans 150 new myNEWS stores in Malaysia

Home-grown news stand and convenience store operator Bison Consolidated Bhd, which aims to expand its presence using proceeds from an upcoming public offer, plans to open 150 new myNEWS.com convenience stores across the country by 2017 from 205 stores currently. >>

4 – Lee clothing now sold in vending machines

Consumers can now buy Lee T-shirts from vending machines in selected locations, with jeans to be added next year. Central Marketing Group plans to boost the number of machines to 200 in three years from four at present. >>

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