 China Daily.jpg)
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]
Read More
 Kiyoshi Ota_Bloomberg.jpg)
Insights
20-Nov-18 SoftBank's Vision Fund will invest USD2 bn in Korea’s Coupang, giving Korea's largest online retailer funds to accelerate development of new shopping and delivery services. Coupang, founded in 2010, sells over 120 mn items from consumer electronics to food. [image: Kiyoshi Ota / Bloomberg]
Read More
 Alizila.jpg)
Insights
11-Nov-18 Another year, another gross merchandise volume record for Alibaba’s 11.11 Global Shopping Festival. When the rolling counter stopped, 2018 gross merchandise volume was RMB213.5 bn (USD31 bn), 27% higher than 2017's RMB168.3 bn (USD24 bn). [image: Alizila]
Read More
 SCMP.jpg)
Insights
17-Oct-18 Singapore e-payments provider Nets is in talks with WeChat Pay to allow its users to make mobile payments in China. The partnership would allow NetsPay users to scan QR codes in China and settle purchases in Singapore dollars. [image: South China Morning Post]
Read More
 HKTDC Survey.jpg)
Insights
16-Oct-18 Clothing and fashion industry professionals are optimistic about sales over the next year, according to a Hong Kong Trade Development Council survey. Over 60% of sellers see China, ASEAN, Japan and Taiwan having the greatest potential. [image: HKTDC Survey]
Read More
