綠色BN
2016-11-29

Retail News Roundup – Nov 29

The top 5 retail news clips in Asia this week.
Newspaper
1 – 7-Eleven Malaysia committed to store expansion
7-Eleven Malaysia is committed to further store network expansion despite the economic headwinds in the nation. >>

2 – 5 retail trends to watch in 2017
According to an article on Smart Company (Australia), 2017 will be the year where customer experience becomes a tangible reality, with a focus on in-store experiences and more personalisation. >>

3 – Yum China in talks to buy delivery services firm Daojia
Yum China Holdings Inc (YUMC.N) is in talks to buy food delivery services firm Daojia for up to $200 million, two people familiar with the matter told Reuters, as the biggest operator of fast food on the mainland seeks to boost sales from customers dining at home. >>

4 – China’s demand for health and wellness keeps growing
Marathon fever has swept across China in recent years; in 2015, over 330,000 people registered for marathons in China’s tier-one cities, for which there were only 120,000 places. The number has grown again in 2016. >>

5 – Asia’s answer to ClassPass is pivoting to become a marketplace for local services
KFit, which has raised more than $15 million from investors that include Sequoia, announced today that it has acquired the Groupon Malaysia business in an undisclosed deal. That comes less than six months after KFit, which operates a fitness-style ‘buffet’ for customers in 10 cities in Asia Pacific, purchased Groupon Indonesia. >>


  By April Wu 
  China Market Strategy

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