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Insights
14-Mar-19 Alipay and Barclaycard - which processes half the UK's card transactions - have collaborated to allow UK retailers to accept Alipay. 483,000 Chinese tourists will spend USD1.33 bn in 2019. The UK also has about 493,000 Chinese residents and students. [image: Alizila]
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Insights
12-Mar-19 The pace of shopping venue openings in China is the highest ever, against a background of slowing retail sales and growth of online - 634 net openings in 2017/18. There is now a risk of over-supply in many cities. [image: Local Gravity / Retail In Asia]
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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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Insights
28-Feb-19 Future Retail, which operates local retail chains such as Food Hall and Nilgiris, has secured a deal with 7-Eleven to set up the first 7-Eleven stores in India and will convert some of its existing operations into 7-Elevens. [image: Reuters / Toru Hanai]
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Insights
20-Feb-19 Korea-based beauty company Amorepacific has entered into a global strategic partnership with health and beauty giant AS Watson, with wide offline and online distribution in Asia and Europe. AS Watson has 14,900 stores under 12 brands in 25 markets. [image: Watson]
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