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Insights
12-Mar-19 Fitness has been a rising focus for influencers in China thanks, in part, to a push for healthier lifestyles. The country has a five-year fitness plan that would see spending of RMB1.5 tn (USD225 bn) by 2020. [image: Shutterstock / Retail In Asia]
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Insights
12-Mar-19 Kenya’s Safaricom has secured a deal to use its M-Pesa mobile payment service for online shopping on Aliexpress, run by Chinese e-commerce giant Alibaba Group. The agreement will allow Kenyan shoppers to buy goods on the site using M-Pesa. [image: Reuters / Noor Khamis]
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Insights
11-Mar-19 Alibaba Group will take a 14% stake in STO Express through a USD693 mn exchange for a 49% stake, making this the e-commerce giant's fourth significant investment in a Chinese courier company. [image: Reuters / Aly Song]
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Insights
02-Mar-19 Chubb Insurance has received approval from the China Banking & Insurance Regulatory Commission to increase its ownership in Huatai Insurance Group, making Huatai the first Chinese financial services holding company to convert to a Sino-foreign equity joint-venture. [image: Body Shop Business]
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Insights
02-Mar-19 Alibaba’s Tmall expects cosmetics brands to open 1,000 shops this year to meet demand from Chinese consumers. Seven international cosmetics companies - Tom Ford, P&G’s Oriental Therapy, Cosme, d-program, Primera and Barnängen - will open on Tmall in 2019. [image: Retail In Asia]
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