China’s Top Domestic Brands Gaining Global Recognition for Quality

China is emerging fast as a brand leader in a wide variety of sectors and many of the leading domestic companies are gaining global recognition for quality, according to a new report from Brand Finance, a London-based brand valuation consultancy.

In its latest 2018 China 300 league table, the consultancy ranked the Industrial and Commercial Bank of China, also known as ICBC, and China Construction Bank, with brand values of USD59.2 billion and USD56.8 billion respectively, as the most valuable brands in the global banking sector.

Alibaba, Tencent and Huawei are leading the charge, however, as technology is poised to overtake banking as the ranking’s most valuable sector.

image credit: internet

The fastest-growing Chinese brands come from the auto and spirits sectors with BYD up 211% and Wuliangye up 161%.

David Haigh, CEO of Brand Finance, said, “This year has seen strong growth among the big Chinese brands.”

“The unique modern history of the Chinese economy has produced huge, national brands on the domestic front. In the coming years, Chinese brands have an opportunity to use this strong domestic foundation as a platform for global expansion”, added David Haigh

In the past, many Western brands have expanded into China, but Haigh said he expected to see many Chinese brands expanding to the West in the future.

While banking remains the most valuable sector, accounting for 24.7% of the ranking’s total brand value over the last year, the robust growth of the technology sector suggests that it is likely to overtake banking. Tech’s overall share of the value of the 300 brands listed has increased from 20.7% to 24.4%.

Haigh said that Alibaba, the world’s fastest growing big retail brand in percentage terms, shows no sign of slowing as it plans to invest USD15.2 billion toward its global logistics chain expansion.

China Mobile, the fourth most valuable Chinese brand, up 14% to USD53.2 billion, is the most valuable telecom brand in Asia. China Mobile boasts the world’s most extensive mobile network and the world’s largest mobile phone customer base.

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Alibaba plan to pay 2.9 billion for 36.2% Sun Art

Chinese Internet giant Alibaba said on Monday that it would buy 36.16% of China’s top hypermarket operator, Sun Art Retail Group Ltd, for a total of $2.9 billion.

As part of a strategic alliance with Auchan Retail S.A. and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail would boost its stake in Sun Art, the three companies said in a joint statement.

The alliance would target opportunities in China’s $500 billion food retail sector, where online and offline operators see benefits in joining forces to pool consumer data and enhance their competitiveness. Alibaba calls the strategy “New Retail”.

“Physical stores serve an indispensable role during the consumer journey, and should be enhanced through data-driven technology and personalised services in the digital economy,” Alibaba Chief Executive Officer Daniel Zhang said in the statement.

image credit: internet 

The deal would give French retailer Groupe Auchan SA, Alibaba Group and Taiwanese conglomerate Ruentex 36.18 percent, 36.16 percent and 4.67 percent stakes respectively in Sun Art. Alibaba would replace Ruentex as the second-largest shareholder.

Alibaba has invested upwards of $9.3 billion in brick-and-mortar stores since 2015. It has launched many un-staffed concept shops in the past years, including grocery and coffee stores.

Sun Art operates about 450 hypermarkets across China under the RT-Mart and Auchan banners. It also operates unmanned stores under the Auchan Minute brand.

It has been slow to go online, with its platform Feiniu lagging bigger players like China Resources and Wal-Mart Stores Inc.

In a separate statement, Sun Art said Alibaba’s Taobao China Holding Ltd would make a general offer for the company at HK$6.50 apiece.

Trading in Sun Art shares, which were suspended on Nov. 13, will resume on Monday. The stock has risen 26.5 percent so far this year, lagging a 32.7 percent gain in the benchmark index.

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Jack Ma: Alibaba Aims to Create 1 MM U.S. Jobs

Everyone who knows Alibaba must hear about the splendid history of this company and Jack Ma.

Now, Jack Ma said that they will help support one million U.S. businesses to sell to China and the rest of Asia through its network in the next five years.

image credit: internet

Ma made the remarks at Gateway' 17, a conference held by Alibaba in Detroit. The conference, which is held on June 20-21, features presentations and breakout sessions aimed at educating attendees on what and how to sell to China, especially through e-commerce platforms, so that they can grow their businesses and go global.

Ma said Alibaba has been supporting small US businesses to sell and buy online in the past 18 years. In California alone, the company has already helped create more than 20,000 jobs, according to Ma.

"If we can help one million small businesses online and each business can create one job, we can create one million jobs," said Ma, who added that "we are pretty knowledgeable on that."

Asked about the cost, trust and brand awareness required of a U.S. company that wants to do business in China, Wang (small US business owners) said:

"Alibaba is merely a platform. It is not as easy as simply starting a new sales channel and listing on Amazon.com (AMZN), which has created its own logistics network to standardized delivery. With Alibaba, if you are a small business, you have to go to third-party service providers to do everything from translation, to dealing with legislation, logistics, how to ship to Chinese consumers. For small business, it is a big risk and burden for sellers to join the platform."

"In the past 20 years, globalisation and free trade were designed for big companies and developed countries. In the next 30 years, we should make globalisation more inclusive to support small businesses, young people and farmers," said Ma.

Alibaba Group Holdings (BABA) stock is up 58% this year in U.S. trading as the company talks up global expansion.

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Alibaba Empire Expand to Offline: Leads $2.6bn Bid for Chinese Retailer Intime

Alibaba Group Holding Ltd. recently announced that they would privatize Intime Retail, a leading China department store and mall operator. Alibaba will take big steps offline with $2.6 billion Intime deal.

Alibaba Executive Chairman Jack Ma & Intime Retail founder Shen Guo Jun

Alibaba currently owns 28 percent of Intime following an initial investment in the retailer in 2014. If shareholders approve the deal, Alibaba would become the controlling shareholder of Intime with an expected stake of approximately 74 percent. Alibaba estimated the maximum amount of cash required to complete the deal at approximately HK$19.8 billion ($2.6 billion).

Since the growing slowly electricity economic market, Alibaba started to explore other new economic growth points. And it laid a solid foundation for Alibaba to retail entity economy. Apart from Intime, Alibaba has partnered with electronics chains Suning and Haier in deals that expanded its own online offerings and sales and delivery network.

    

The proposal, announced Monday, calls for an Alibaba subsidiary to team up with an entity wholly owned by Intime Retail founder Shen Guo Jun to buy out Intime shareholders and take the Hong Kong stock exchange listed company private. Under the proposal, the buyers will pay HK$10 per share for Intime stock, a 42 percent premium over the closing price of HK$7.03 on Dec. 28, 2016, before trading of Intime shares was suspended.

“This deal shows that there is still value to brick-and-mortar stores, enough to interest e-commerce players,” said Catherine Lim, a Singapore-based analyst at Bloomberg Intelligence. What it's shown is that department store chains are still relevant and of value. We could be seeing renewal of a sunset industry.

“Alibaba will be able to do more experiments with Intime in the retail sector,” said Ray Zhao, a Shenzhen-based analyst at Guotai Junan Securities Co. “Intime’s valuation is relatively low now so it would be a good time to buy.”

image credit: Business Insider

Alibaba is also trying to develop overseas market. On this Monday, the pledge from Alibaba Executive Chairman Jack Ma came during a 40-minute New York meeting with U.S. President-Elect Donald Trump. Speaking to reporters afterwards, Trump said, “we had a great meeting…and (he’s) a great, great entrepreneur, one of the best in the world, and he loves this country, and he loves China.” Alibaba pledged to create 1 million U.S. jobs with him.

Bidding to Intime is based on a series of acquisitions on the past. Alibaba conducted 35 times acquisitions in the past 12 months, which value of $15.2 billion totally.

“We don’t divide the world into real or virtual economies, only the old and the new. Those who cling on to the old ways of retailing will be disrupted, and brick-and-mortar businesses will be able to create value for consumers if they are integrated with the power of mobile reach, real-time consumer insights, and technology capability to improve operating efficiency.”

“The most important opportunity on the horizon is not growing online sales in isolation but rather helping traditional retailers upgrade into a brand new retail model,” CEO Zhang said in October.

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