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China drives global electric vehicle market

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 Insights

06-Dec-18 By 2025, EVs and HEVs will account for 30 percent of all vehicle sales globally. The growth of China’s new EV market is expected to hit 46 percent by 2020, with 2.5 million units produced in that year. [image: Greg Baker / AFP / Getty Images]

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UnionPay partners Millennium bcp to foray into Portugal market

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06-Dec-18 China’s UnionPay has partnered with Portugal's private bank Millennium bcp to issue UnionPay Portugal cards. Millennium will issue both consumer and commercial cards. Millennium becomes the first local institution in Europe to provide the cards. [image: Cards International]

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Police bust USD145 mn medical tourism scam in China

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 Insights

06-Dec-18 Police in China have arrested 132 people over a medical tourism scam targeting wealthy Chinese that netted nearly USD145 mn. Research firm Global Growth Markets estimates 500,000 Chinese travel abroad for medical tourism every year, spending at least USD10 bn. [image: Chinanews.cn]

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China's coffee retail market hots up

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 Insights

27-Nov-18 As China embraces a coffee culture, Luckin, Starbucks' only real challenger, has to get customers to try out its delivery service, and "hope to retain them based on the convenience and value,” said Pete Read, CEO of Global Growth Markets. [image: ImagineChina]

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Is Korea’s retail sector future-proof?

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27-Nov-18 E-commerce is reshaping retail and threatens to displace traditional shopping. Korea’s retail sector is thriving in the face of this upheaval, with 6% growth in 2018. Improved relations with China have driven 34% duty-free sales growth. [image: Shutterstock / Retail In Asia]

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