April Wu

China Market Strategy

September 23, 2015

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Banking News This Week – Sep 23

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

1 – Asia at the epicentre of the digital banking shakeup

The rise of the digitally-savvy customer with more sophisticated expectations is also driving change in the way banking as a service is consumed. >>

2 – Malaysia Banking : Staff cuts gather momentum

As economic growth slows, and uncertainties caused by falling commodity prices mount, heads have begun to roll at Malaysian banks. >>

3 – Analysis: Omnichannel, a future for Indonesia banking industry

With omnichannel, bank provides seamless, consistent and unified information on different channels, therefore consumer will experience the same services regardless their selected channels. >>

4 – Philippines : Over 200 new bank branches open in Q2

The Bangko Sentral ng Pilipinas (BSP) has given major banks as well as thrift, rural, and cooperative banks the green light to open more than to 200 branches nationwide in the second quarter of the year. >>

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April Wu

China Market Strategy

September 22, 2015

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Retail News Roundup – Sep 22

The top 5 retail news clips in Asia this week.

1 – Apple retailer iBox to focus on regional markets

iBox, one of Indonesia’s largest resellers of Apple products, plans to open six more retail stores by the end of 2015, mostly focusing on regional areas that are potential markets for Apple products. >>

2 – Lacoste to expand stores at airports in India

French sportswear major Lacoste is looking to tap air travellers by opening more outlets at airports in major cities in India. >>

3 – (Video interview)Under Armour CEO expects revenue to double by 2018

Despite the economic slowdown in China, Plank told CNBC’s “Power Lunch” he believes there is still an opportunity to expand to overseas markets, including Asia. >>

4 – Internet pushes malls into mobile era

China’s mall sector is accelerating into the mobile era because of the fast development of online technologies and rapidly changing consumer habits. >>

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April Wu

China Market Strategy

September 16, 2015

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Banking News This Week – Sep 16

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

1 – Charting a course in mobile banking

The floating bank is the brainchild of Bank Rakyat Indonesia (BRI), which wants to offer banking and loan services to residents on remote islands belonging to the Thousand Islands province, north of Jakarta. >>

2 – Banks rush to ask for higher foreign-ownership rate

VietinBank, one of Vietnam’s largest commercial banks, is considering raising the foreign ownership ratio to 40 percent. If the bank’s proposal is approved by the State Bank of Vietnam (SBV), it will be the first bank with a foreign ownership of over 20 percent. >>

3 – Bankers target Africa

Standard Bank has sealed a cooperation agreement with South Korea’s Woori Bank and the Industrial and Commercial Bank of China (ICBC) to promote an African focused business venture among the three entities. >>

4 – African banking must innovate to compete

Mainly, these centered on coping with the transition to digital, the need to change their business models, ensuring revenue on transactions and competing with a growing number of non-traditional entrants to the banking market. >>

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April Wu

China Market Strategy

September 15, 2015

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Retail News Roundup – Sep 15

The top 5 retail news clips in Asia this week.

1 – H&M to open first India store Oct 2, marks entry into 60th market

The group is expected to open as many as 30 stores in India next year. With $22 billion in global sales, the firm had at the time of application proposed to invest Rs 750 crore in India. >>

2 – Buffalo Wild Wings eyes Asia expansion

US restaurant chain Buffalo Wild Wings is on an expansion mode. The casual-dining chain, known for its sports-viewing atmosphere and chicken wings, plans to open 400 restaurants in international locations in the next 10 years, and Asia is one of its top focus regions. >>

3 – McDonald’s India to double network

McDonald’s India says it plans to open a new restaurant every week for the next five years. That’s 250 restaurants by the end of 2015, more than double its current network of 231. >>

4 – Alibaba launches sports company

Alibaba Group’s expansion into non-eCommerce businesses such as movies and music took another step today as the group announced the establishment of a sports company, aiming to “transform China’s sports industry through Internet-enabled technologies.” >>

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April Wu

China Market Strategy

September 9, 2015

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Banking News This Week – Sep 9

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

1 – Kenya’s I&M holdings says plans to buy Giro commercail bank

Kenya’s I&M Holdings said on Monday it planned to buy a locally-owned Giro Commercial Bank for an undisclosed amount. >>

2 – Accessibility to financial services: the key to fighting Africa’s poverty?

Despite being difficult to access, financial services in Africa are a tool in the fight against poverty and increasing development. >>

3 – East Africa emerges as a trade hub

East Africa is emerging as a trade hub to rival sub-Saharan Africa’s two heavyweight states of South Africa and Nigeria, according to analysis by Barclays published on Thursday. >>

4 – ASEAN banks to accelerate branch presence in Viet Nam

The number of banks from ASEAN countries is expected to increase in Viet Nam in the coming years as the domestic banking market opens following the carrying out of regional integration commitments. >>

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