China UnionPay takes another step forward in East Asia

The Taiwanese government has approved the use of China UnionPay (CUP) cards to make online purchases from Taiwanese vendors. Following an earlier agreement which approved the use of CUP cards at the point of sale, card holders will now be able to purchase goods and services from both bricks and mortar shops in Taiwan and from their online equivalents.

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CitiGold: life, but not as we know it

The $950 billion mass affluent market in Asia-Pacific is vastly underserved. Indeed, in CitiGold's target markets of Hong Kong, South Korea, Taiwan and Malaysia, HSBC's Premier service is the only serious rival. The US giant has beaten HSBC before in the wealth management market, and it looks set to do it again.

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Diageo: marketing is no laughing matter

An apparently tongue-in-cheek advert has landed Diageo in hot water by offending the government of Taiwan. Political pressure may yet save Diageo's revenues, if not its blushes, but the lesson is clear. In an increasingly interconnected world, companies must consider the implications of their actions more carefully than ever before.<BR />

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Instant coffee: brewing up success in Taiwan

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Is VP Bank's repositioning in Asia the start of a trend?

VP Bank, a Liechtenstein-based bank that first entered Singapore in 2008, has decided not to continue its strategy of building a private banking presence in the region. Other foreign players will follow suit if they do not pursue opportunities in the less competitive secondary markets of Asia.

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mCommerce: B2C mCRM markets begin to grow in Australia, South Korea and Taiwan

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Microsoft: Xbox takes on pirates in the South China Sea

With software piracy endemic in southeast Asia, Microsoft's launch of its heavily subsidized Xbox console is a bold move. Although software sales and online gaming in Singapore and Taiwan should bring some returns, the real story is that Microsoft is paying heavily now, to gain a foothold in a market that will be lucrative in several years' time.

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NTT DoCoMo: i-mode on the up

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Number of millionaires in emerging Asian economies set to overtake Western Europe in 2013

According to Datamonitor statistics, the emerging Asia Pacific economies are set to have a greater number of millionaires than Western Europe by 2013. This largely results from the emergence of the Indian and Chinese economies, which have experienced significant export-driven growth. Internal demand is also becoming increasingly important, and is helping to increase the number of millionaires.

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Taiwan's growth as a wealth hub fueled by renminbi

Taiwan's growing importance as a renminbi offshore center is making the country an attractive target market for wealth management providers.

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