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Period: June 1, 2016 to July 1, 2016
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends

Wearable Food Waste May Help Solve A Global Problem

Researchers in Hong Kong are working on a way to turn discarded food into clothing. The core of the technology is the use of a lactic acid fermentation to transform starchy food waste with high sugar content into spun fibers. The researchers say the fiber is not yet strong enough to make textiles out of it, but further study should solve that problem. Meanwhile, scientists around the globe are creating their own food-waste-to-clothing solutions: orange peels into textile fibers; “leather” from pineapple leaves; fabrics from fermented milk and wine; and even food waste buttons.

"Use the power of innovation to reduce food waste", South China Morning Post, May 26, 2016

Wal-Mart Seeks Bigger Share Of China's Online Retail Market

Wal-Mart is seeking to expand its e-commerce operations in China, as part of the company’s efforts to increase its share of the local online retail market. Yihaodian, which Wal-Mart acquired in July 2015, operates 250 e-commerce hubs in 200 cities across China. Online sales in the country reached $307 billion in 2013, hit $589.2 billion in 2015, and is forecast to grow beyond $1 trillion by 2019. In contrast, online spending in the US was $334 billion in 2015 and is forecast to reach $480 billion by 2019, according to Forrester. In China, 46 percent of shoppers are already buying groceries online for home delivery, compared with the global rate of 25 percent, according to Nielsen. Wal-Mart accounts for 1.6 percent of the local online market, which places it at number 6, behind Alibaba, which has 46.9 percent of the market and JD.com with 20.1 percent. According to analysts, Wal-Mart, which aims to be among the top 3 online retailers in the market, will find it hard to grab market ...  More

"Wal-Mart Steps up Online Efforts in China as a Key to Future", ABC News, May 31, 2016

Wal-Mart Sells China E-Commerce Site To JD.com

Wal-Mart Stores Inc. said it has agreed to sell its Yihaodian website in China to JD.com Inc., the country’s second-largest online retailer. As part of the deal, which marks a strategic shift in the US-based retailer’s approach to e-commerce business in China, Wal-Mart will receive a 5-percent stake in JD.com. After opening its first store in China in 1996, Wal-Mart has found it hard to expand in the country where it operates about 430 locations. In 2012, Wal-Mart first invested in Yihaodian and gained full control of the website in 2015.

"Wal-Mart to Sell Chinese E-Commerce Business to JD.com", Wall Street Journal, June 20, 2016

Companies, Organizations  

Carrefour Opens Warehouse Center In Guangdong Province, Its Fifth In China

Carrefour SA opened a distribution center in Dongguan, in China's Guangdong province. Part of the French retailer's expansion in the country, the Dongguan facility is Carrefour's fifth warehouse center in China. With its first phase having an area of 21,000 square meters, the facility will support the 30 stores in Guangdong, Hainan, and Fujian provinces, the company said.

"Carrefour launches distribution center in S China's Guangdong", China Daily, May 31, 2016

Wal-Mart Stores Announces Several Changes To Senior Management Team Of International Business

Wal-Mart Stores, Inc. announced several changes to its senior-level management team for its international business. Andy Clarke plans to step down as president and chief executive officer of Asda, Wal-Mart’s UK operations, effective end of July 2016. Wal-Mart said Sean Clarke will return to the UK and succeed Clarke as president and CEO of Asda effective July 11, 2016. Also, Wal-Mart confirmed Roger Burnley will be appointed as deputy CEO and chief operating officer of Asda in October 2016. Wal-Mart also said Walmart Canada president and CEO Dirk Van De Berghe will be Walmart China’s new leader effective August 22, 2016, while Walmart Asia president and CEO Scott Price will focus on his role as chief administrative officer of Walmart International.

"Walmart Announces Senior Management Changes in International Business", Walmart, June 13, 2016

Pro-Democracy Singer's Cancelled Concert Forces Retirement Of L'Oreal Hong Kong Head

L'Oreal Hong Kong president and director general Stephen Mosely will retire at the end of June 2016. Mosely's departure is likely linked to the controversy caused by cosmetics brand Lancome's decision to cancel a planned concert featuring pro-democracy singer Denise Ho Wan-see. Chinese state-backed newspaper Global Times linked the singer with Hong Kong and Tibetan independence movements. L'Oreal Luxe Travel Retail Asia managing director Eva Yu will replace Mosely.

"L’Oréal Hong Kong chief may retire soon amid Denise Ho concert row", Hong Kong Free Press, June 13, 2016

Estée Lauder still determined in China

CosmeticsDesign-Asia.com, June 01, 2016

Innovation Celebration 2016

Trendwatching.com, June 01, 2016

No More Burgers In China?

Mintel, June 22, 2016

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