April Wu

China Market Strategy

February 25, 2015

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Banking News This Week – Feb 25

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

1 – Report Uncovers 2015 Global Digital Banking Trends

The top ten digital trends covered in the Digital Banking Report (in no particular order) include: Increased Use of Customer Analytics, Expedited Deployment of Digital Delivery, Focus on Mobile-First Design. >>

2 – JPMorgan to Cut Costs, Charge for Some Deposits

JPMorgan projected nearly US$5 billion in lower expenses through 2017 with cuts in its corporate and investment banking, and consumer and community banking, segments.  >>

3 – China Rapid Finance Pre-Approves 50 Million Chinese Consumers for First-Time Loans

China Rapid Finance (“CRF”), a leader in Chinese marketplace lending and credit decisioning, today announced that it has extended pre-approved loan offers of 500 RMB (~US$80) to 50 million consumers including pre-screened users on QQ, Tencent’s leading social networking platform, with 820 million users, and customers of China Union Pay, China’s leading payment network. >>

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April Wu

China Market Strategy

February 11, 2015

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Banking News This Week – Feb 11

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

1 – Pan-African Banks Expansion Could Boost Systemic Risks

A recent report noted that pan-African banks have a systemic presence in around 36 countries and are now more important than the continent’s long-established European and American banks.  >>

2 – Bill Gates predicts leap in mobile banking in Africa by 2030

The Co-Chair of the Bill and Melinda Gates Foundation, Mr Bill Gates, has predicted that by 2030, 80 per cent of African adults without accounts would be banking with their mobile phones.  >>

3 – Top Indonesia Banks Are Strong Without Needing to Merge: BNI

Indonesia’s biggest banks, among the world’s most profitable, are strong enough to face down overseas rivals without the need to merge with Southeast Asia’s economic integration.  >>

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April Wu

China Market Strategy

February 10, 2015

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Retail News Roundup – Feb 10

The top 5 retail news clips in Asia this week.

1 – Aeon plans big expansion of MaxValu supermarkets

Aeon (Thailand) Co, the operator of MaxValu supermarkets, has announced plans to speed up expansion in Thailand by increasing its number of stores to 500 by 2020. >>

2 – Wendy’s to sell 500 more stores to franchisees in 2015

In pursuit of its goal to reduce company-operated restaurant ownership to approximately 5 percent of the total system by the middle of 2016, Wendy’s recently announced that it is planning to sell 500 additional restaurants to franchisees this year. >>

3 – Mothercare enters Korea

Babywear retailer Mothercare is to launch in South Korea.The UK-based company has entered into a franchise agreement with Homeplus, a local supermarket chain owned by Tesco, to open retail stores and an eCommerce site. >>

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April Wu

China Market Strategy

February 4, 2015

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Banking News This Week – Feb 4

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

1 – Alibaba arm seeks to use police face scans to open bank accounts

Alibaba Group Holding Ltd’s financial arm is seeking regulatory approval to access the Chinese national police’s database so consumers can open online bank accounts with a mug shot.  >>

2 – Most valuable banking brands in South Africa

All but two of South Africans banks have slipped down the rankings of the top 500 banking institutions in the world.  >>

3 – Mobile Money Continues to Prove to be the Way Forward for Banking in Sub-Saharan Africa

For the past few years, the explosive growth of mobile financial services (which includes mobile banking, mobile payments and mobile money transfers) in Kenya and other countries in Sub-Saharan Africa has indicated that the future of banking on the continent will be through mobile phone accounts rather than brick and mortar locations.  >>

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April Wu

China Market Strategy

February 3, 2015

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Retail News Roundup – Feb 3

The top 5 retail news clips in Asia this week.

1 – RetailWATCH: Distribution in China – The rise of O2O and its implications

Talents shortage is the biggest challenge facing the traditional retailers for developing e-commerce in China, according to a report from the Fung Business Intelligence Centre released in November 2014.  >>

2 – Chinese tax free spending leaps

Chinese travellers boosted tax free spending by 30 per cent year-on-year in the last quarter of 2014. >>

3 – Kate Spade targets 100 stores in Greater China

Kate Spade is to buy out its Chinese joint venture partner in favour of a new partnership with Lane Crawford Group. >>

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