April Wu

China Market Strategy

March 17, 2015

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Retail News Roundup – Mar 17

The top 5 retail news clips in Asia this week.

Newspaper

1 – China’s luxury big spenders: young, trendy and not so rich

Global luxury brands expanding in China are better off targeting the HENRYs – “high earners, not rich yet” – instead of the ultra-wealthy, as a slowing economy and a government that frowns on official excesses usher in an era of less showy spending. >>

2 -Xiaomi to open ‘experience stores’ in India

CHINESE smartphone maker Xiaomi said yesterday that it will open 100 stores in India this year to help consumers in the world’s third-largest smartphone market “experience” the company’s devices, but will not sell them at these stores. >>

3 – Hugo Boss takes control in Asia

German luxury fashion retailer Hugo Boss is forging ahead with plans to take direct control of its Asian store network as it looks to the region to offset stagnant sales growth in Europe. >>

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April Wu

China Market Strategy

March 11, 2015

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Banking News This Week – Mar 11

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

banking news_cover

1 – More Asian consumers going online for banking transactions

Digital banking is gaining traction across Asia, a multinational consultancy firm said in a study, with more developed economies in the region leading the shift as emerging markets, the Philippines included, follow suit.  >>

2 – Barclays Africa eyes faster expansion

BARCLAYS Africa Group is intensifying its expansion into the rest of the continent with applications for licences in several countries.  >>

3 - Bank earnings boost Nigerian market

Lifted by the banking sector, the NSE All Share Index finished last week with a 2.3 percent gain as investors reacted to the release of full year earnings by Zenith Bank and GT Bank. >>

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April Wu

China Market Strategy

March 10, 2015

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Retail News Roundup – Mar 10

The top 5 retail news clips in Asia this week.

Newspaper

1 – Retailers urged to do better on big data

Retailers such as Myer and Woolworths have been urged to quiz customers when they leave stores empty-handed and grill shoppers who spend money at rival chains, to achieve better returns on their investment in big data. >>

2 – Apple’s market share in China rises to highest ever

The popularity of the iPhone 6 has driven Apple’s market share in China to its highest ever while Samsung has continued to lose ground, a consumer survey showed. >>

3 – French fashion brand Isabel Marant teams up with ImagineX for Greater China Expansion

French fashion brand Isabel Marant and Hong Kong-based distributor ImagineX Group said on Thursday that they have established an exclusive strategic partnership to expand the Isabel Marant brands in Greater China. Together they will develop Isabel Marant brand as well as its second line, Isabel Marant Étoile, to reach a dozen of points of sale over the next five years. >>

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April Wu

China Market Strategy

March 4, 2015

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Banking News This Week – Mar 4

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

banking news_cover

1 – Standard Bank stimulates Africa-China investment

Standard Bank Namibia strongly encourages corporate and investment banking relations between Namibia and the Chinese business community.  >>

2 – Retail banking in emerging markets: game on for competitors

Industry experts say banks should partner with telcos to leverage branchless banking and increase competitive advantage.  >>

3 - VietinBank to announce PG Bank merger plan soon

VietinBank Chairman Nguyen Van Thang revealed the bank’s intention to news website BizLive, adding that the merger will be the shortest way for the bank to increase charter capital and assets, and expand its networks.  >>

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April Wu

China Market Strategy

March 3, 2015

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Retail News Roundup – Mar 3

The top 5 retail news clips in Asia this week.

Newspaper

1 – Prada opens first store in Vietnam

Prada opened its first store in Vietnam, in the heart of Hoan Kiem, Hanoi’s prestigious shopping district. >>

2 – VN retailers face pressure as foreign firms enter the market

Vietnamese businesses are seeing significant pressure after the Government started allowing foreign investors to open wholly-owned retail companies in January. >>

3 – A new way for brands to boost sales with social media

A new study by Networked Insights, which monitors social conversations across networks including Twitter, YouTube and Reddit, found there’s a correlation between the way consumers talk about certain brand metrics, and a retailer’s same-store sales. >>

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