綠色BN
2015-06-30

Retail News Roundup – Jun 30

The top 5 retail news clips in Asia this week.
Newspaper
1 – McDonald’s Aims to Sell Taiwan Stores, Expand China Franchise Business
McDonald’s Corp. is aiming to sell its stores in Taiwan to a franchise operator and expand its franchise business in China, as the company tries to turn around its fortunes in Asia and cut costs globally. >>

2 – Chinese Department Store Operators Partner With Li & Fung, to Open 300 Stores in 3 Years
BAILIAN Group Co and Wangfujing Department Store said they set up a 48 million yuan (US$7.7 million) joint venture with supply chain management and retail company Li & Fung Trading (China) Holding Ltd. >>

3 – New Alibaba Bank Targets SMEs
Chinese e-commerce behemoth Alibaba has launched an internet bank aimed at serving small businesses, which often struggle to obtain credit from large banks. >>

4 – 7-Eleven Malaysia Moves Upmarket
Listed retailer 7-Eleven Malaysia says it will open 200 new stores around the country this year – and refurbish 200 more. A third of those will be in the Klang Valley, the heart of greater Kuala Lumpur. >>

5 – Thailand heads eBay in SE Asia
Thailand has maintained in its position as eBay’s largest market in Southeast Asia thanks to the appreciation of the US dollar and the variety of Thai products, says the world’s largest e-marketplace. >>


  By April Wu 
  China Market Strategy

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