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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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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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Insights
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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Insights
27-Nov-18 French insurer AXA will pay USD662 mn for the remaining 50% stake in its Chinese joint venture, making it the second insurer in three days to announce plans for a wholly-owned company in mainland China, after Allianz. [image: Reuters / South China Morning Post]
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Insights
26-Nov-18 Saudi Aramco will expand its market share in Asia despite likely OPEC limits on output in 2019, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals. [image: Euronews]
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