The third edition of RetailEX ASEAN opens
 
Impact
Sep 14, 2017
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RetailEX ASEAN 2017, co-located with Internet Retailing Expo ASEAN, opens today till 16 September at Hall 4, IMPACT Exhibition & Convention Center, Bangkok, Thailand. The annual international trade exhibition and conference showcases the largest retail in-store equipment and solutions in Southeast Asia, presenting a one-stop solution for retail shop fitting, retail technology, and internet retailing, “We are proud that RetailEX ASEAN is growing with each edition. This year, much effort has been put into the exhibition, bringing together more than 300 companies and brands to meet 5,000 targeted visitors. In addition, our Business Matching Program has secured more than 100 top local and regional buyers to meet our exhibitors in one-to-one, pre-scheduled meetings,” said Mr. Loy Joon How, General Manager, IMPACT Exhibition Management Co., Ltd.

Strong Industry Support
“TCEB is honored to be a part of RetailEX ASEAN 2017 and the co-located InternetRetailing Expo (IRX) conference as we believe that this event is vital for the growth and development of the retail industry, in reinforcing Thailand’s position in the ASEAN region and the international market,” said Mr. Chiruit Isarangkun Na Ayuthaya, President, Thailand Convention & Exhibition Bureau (Public Organization).

RetailEX ASEAN is co-organized by the Thai Retailers Association (TRA), providing up-to-date market information and trends to increase relevance of the show.

“As part of the organizing committee, Thai Retailers Association (TRA) has been actively encouraging all retailers and other industry players to participate and support RetailEX ASEAN. Following the success we had last year, we are proud to present the Retail Training Program, to equip companies with the right skills for the industry,” stated Ms. Jariya Chirathivat, President, Thai Retailers Association (TRA).

RetailEX ASEAN 2017 also features exhibition showcases by government departments and industry associations amounting to more than 120 sqm. These include Digital Economy Promotion Agency, Electronic Transactions Development Agency, GSI, The Association of Thai Software Industry and Thai Shopping Centre Association.

More than an exhibition
RetailEX ASEAN 2017 is a comprehensive platform for the ASEAN retail industry and serves as an effective platform for companies to access trade, networking and knowledge opportunities.

Retail Live Future Concept Store Demonstration
This features mock-up stores with four unique zones of fashion, supermarket, restaurant and warehousing, showcasing product displays from leading brands such as DVM, Triple Q Fashion, SPD Retail, Quikframe System, RBS design, Bangkok OA Coms, Riverplus and Ocha POS.

Internet Retailing Expo (IRX) ASEAN Conference
A two-day conference with a focus on e-commerce excellence from ASEAN’s digital experts, the conference include speakers from Sephora, Unilever, Levi Strauss & Co., and The Coca-Cola Company.

Thailand Retail Training Program
Conducted by the Thai Retailers Association (TRA), leading experts will share real-life case studies on the management of storefronts, backend and online retail stores. Speakers include VISA International, Alibaba, Tesco, The Nielsen, Central Food Retail and more.

The Exhibition Seminar Theatre
It is a platform for experts to share how various products and services can help businesses in their online retail strategies. Visitors can discover the latest products, in-depth market knowledge and solutions at this FREE-to-attend exhibition seminar. Speakers include Facebook, Asiapay, Bangkok OA Coms, Institute on Asian Consumer Insight and more.

RetailEX ASEAN 2017 is proudly sponsored by LED Big (Platinum sponsor), Bangkok OA Coms (Gold sponsor) Infobip (Silver sponsor), Workplace by Facebook, Sitecore and CashShield.

About RetailEX ASEAN
RetailEX ASEAN 2017, co-located with Internet Retailing Expo ASEAN, is an annual international trade exhibition and conference showcasing the largest retail in-store equipment and solutions in Southeast Asia, presenting one-stop solutions for retail shop fitting, retail technology, and internet retailing from 300 leading brands. The event will take place from 14-16 September 2017 at Hall 4, IMPACT Exhibition and Convention Center.

For more show information and details, please visit our official website:www.retailexasean.com

Yunfei Wu
yunfeiw@impact.co.th
028336336

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Tontine Wines Proposes to Acquire Interests in Beijing Wangjiu,under Leshi, To Engage in Vertically Integrated Marketing Platform
 
Aug 23, 2017
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China Tontine Wines Group Limited (the "Company", stock code: 0389, together with its subsidiaries, the "Group"), one of the leading sweet wine producers in China, entered into a memorandum of understanding ("MOU") with potential vendors for eventual possible acquisition of 25.53 per cent equity interests in Beijing Wangjiu Electronic Commerce Co., Ltd. ("Beijing Wangjiu"), being a mature integrated marketing platform with 5 million online consumers and 3,000 core collaborators as well as a comprehensive layout of retail network.

The Company announced that Tonghua Tongtian Winery Co., Ltd., a wholly-owned subsidiary of the Company, entered on 21 August 2017, into a MOU with certain parties ("potential vendors") for the possible acquisition by it (or the Company's subsidiary or affiliated company) of certain equity interests and/or investment (the "Proposed Transaction") in Beijing Wangjiu at a consideration to be mutually agreed. The consummation of the Proposed Transaction may result in the Group acquiring approximately 25.53 per cent equity interests in Beijing Wangjiu.

Mr. Wang Guangyuan, the Chairman of Tontine Wines, noted, "The Proposed Transaction, if materialized, would expand the wine purchase platform of the Group established exclusively for high to middle-end consumers, create a huge industrial value by further capital integration and establish an eco-business model of wine which is unique in the industry. Different from the prior single-trade relationships and merger and acquisition relationships with the upstream enterprises in the wine industry, the Proposed Transaction is an in-depth cooperation reached between the Group and Beijing Wangjiu in respect of capital and business. The unique eco-business model of Beijing Wangjiu and its superiority in biological resources will create a brand-new business value in multiple aspects together with the Group's whole-industrial-chain model upstream."

The Company currently intends to finance the Proposed Transaction, if materialized, partly by its internal resources and partly by capital market financing.

If the Proposed Transaction is materialized and consummated pursuant to the formal agreement, the Group may at liberty to make further investment in Beijing Wangjiu by way of additional capital contribution, assets injection or other means so as to further bring up its equity interests, and acquire a controlling stake, in Beijing Wangjiu.

The Group expects that once the Proposed Transaction is executed, other than capital cooperation, both parties will, in the future, carry out a full-dimensional business cooperation to create the greatest eco-system in the wine industry in the PRC based on the extensive layout of the supply chain production and the diversified industrial chain upstream by leveraging Beijing Wangjiu's B2C (business to consumer), B2B (business to business) and O2O (online to offline) distribution channel network throughout the nation and the marketing capability of its brand.

The Group also plans to integrate the sales and distribution channels of the two enterprises so as to expand the sales and distribution network of the Group and effectively reduce marketing and promotion expenses which, in turn, are expected to enhance the Group's profitability in the long run. Each of the above factors is expected to bring synergy effect and realize mutual benefits and complementation with shared resources, which will provide incentives for long-term collaboration. A win-win situation for the Group and Beijing Wangjiu will be ultimately achieved, which is critical to the future development of the Group.

About China Tontine Wines Group Limited

China Tontine Wines Group Limited is one of the leading sweet wine producers in China. Unique taste, premium quality and top-notch operation earn the Group numerous awards. For instance, the Group's "Xuanniya Ice White Grape Wine" won the gold medal again in the "Grape Wine Quality Competition in International Leading Wine Regions"; the Group won the "Second Prize of the Innovative Achievements of the 23rd National Enterprise Management Modernization" and was ranked among "Top 100 Chinese Wine Manufacturers 2016".

The exceptional quality of Tontine Wines' products is much attributable to the Group's commitment to quality assurance and its grape supply from Ji'an city in Jilin Province, one of the few regions in the world that can cultivate the unique mountain grapes. In recent years, the Group has been dedicated to diversify its product portfolio to include low to mid-end wines to tap the mass market. The Group currently offers 137 types of wine products sold through 129 distributors in 21 provinces, 3 autonomous regions and 4 municipal cities in China. The Company's shares were listed on the Main Board of the Stock Exchange of Hong Kong Limited since November 2009.

About Beijing Wangjiu Electronic Commerce Co., Ltd

Beijing Wangjiu is an e-commerce website positioning in the high-end wine consumption sector in the PRC. It upholds the mission of offering high-end wine with professional and all-round services to the high consumption groups in the PRC. It is established as the first-ever vertically integrated professional platform of wine in the PRC by means of video digital multimedia and mobile internet.

Along with the progressively mature marketing platforms which have 5 million online consumers and 3,000 core collaborators and under the comprehensive layout of retail outlet system, Beijing Wangjiu has, through years of efforts, accumulated abundant operating resources and developed mature operating capability.

- End -

Issued by: China Tontine Wines Group Limited
Through: CorporateLink Limited
Media Enquiries: CorporateLink Limited

Shiu Ka Yue Tel: 2801 6239 Email: sky@corporatelink.com.hk
Lorna Wong Tel: 2801 7761 Email: lorna@corporatelink.com.hk
Kathryn Lu Tel: 2801 6045 Email: kathryn@corporatelink.com.hk

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JD.com to introduce Sky Eye that employs Beidou Satellite
 
Jul 26, 2017
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Jul 27, 2017 (China Knowledge) – JD.com (JD), China's second largest e-commerce platform, is employing China's largest Beidou Satetllite System Positioning (BDS) to stay ahead in the modernized logistics industry. JD is already ahead of its competitors in the unmanned transportation technologies and company-wide AI application, and it is now the BDS's largest customer.

BDS is China’s domestically developed global positioning technology. It has been recognized by the ICG as one of the global leading providers along with USA’s GPS, Russia’s GLONASS, and the EU’s GALILEO. BDS combined sensing, automation, geolocation, data processing, and highest level intelligence technologies to build China’s secure informational infrastructure. It has become an integral engine for the development of China’s information, communication and internet technology.

With only five years JD.com has also become China’s largest BDS application distribution enterprise, providing the system to thousands of vehicles where it is largest installer of most BDS systems in the country. Over 20,000 JD deliverymen are also equipped with the BDS system on their smart-wristbands. More 60,000 JD deliverymen are expected to have the system equipped and wore by the end of this year.

JD combined the advantages of the BDS system and its large-scale logistical database, ensuring safe driving through real-time monitoring of vehicles’ speeds and routes. At the same time, the in-depth analysis runs concurrently with geolocation data to determine ideal warehouse locations, service stops, and delivery routes. Its logistic operations will see improved efficiency, lowered costs, and enhanced package tracking capabilities for both consumers and vendors. The powerful BDS navigation technology is capable of gathering location information every 30 seconds and uploads data every 2 minutes. Consumers can track their package location any time.

The company has also constructed the OBD smart-vehicle management system utilizing the BDS. Vehicles, drivers, drivers’ ratings, among other data form the multiple reporting system based on smart-data systems. Information gathered include real-time driving speed, fuel consumption, distance, parking location and other useful data. Such information could scientifically improve driving safety, cost reduction, and efficiency; as a result, maximizing the use of resources and minimizing vehicle emissions.

As China’s largest self-managed online retailer, it’s the first to apply BDS on a vast scale. This not only confirm JD’s commitment to innovation, but also showcases JD’s technological capabilities and BDS’s practicality and wide business applications.

 
 
Thailand On Track For $37b Internet Market
 
Investvine, A Company of Inside Investor, Ltd.
Jul 19, 2017
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Thailand, which has one of the highest mobile Internet usage rates in Southeast Asia, is set to to reach $37 billion in revenues within a decade, making it rich in digital opportunities, according to a new study released by Google and Singapore’s state investment fund Temasek entitled “e-conomy SEA: Unlocking the $200 billion opportunity in Southeast Asia”.

Thailand’s online market is growing at nine per cent annually and is projected to hit 59 million users by 2020, from 38 million users in 2015. This means that the online market here is set to reach the $37 billion mark by 2025, of which e-commerce and travel will make up over 88 per cent, the study found.

The driver is Thailand’s young, increasingly affluent and highly connected population. About 57 per cent of Thais has access to the Internet, and there over 85 million mobile subscribers, which is a 125-per cent penetration rate.

Other key findings from the research are the opportunities for commerce, which are set to grow 29 per cent annually from $900 million in 2015 to $11 billion in 2025, and for the online travel industry, which is expected to grow 5.2 times by 2025, reaching around $21.7 billion. Digital advertising spending is projected to increase by 6.2 times to $4.35 billion over the period.

While the opportunities are there, Thailand needs to overcome some key challenges including logistics and connectivity, complexity of payments, market readiness, fraud and cyber security, the study noted.

“I am confident we can overcome the challenges,” says Ben King, manager of Google Thailand, adding that “there are already great examples of Thai businesses and startups leading the way in Southeast Asia and beyond.”

 
 
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Company Investvine, A Company of Inside Investor, Ltd.
Contact Imran Saddique
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Website http://investvine.com
Alibaba Spends Another $1b On Lazada To Pump Up Asian E-Commerce Business
 
Investvine, A Company of Inside Investor, Ltd.
Jul 19, 2017
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Chinese e-commerce giant Alibaba will invest an additional $1 billion into online shopping portal Lazada which operates in six countries in Southeast Asian, namely Thailand, Indonesia, Malaysia, Singapore, Philippines and Vietnam. With the deal, Alibaba will increase its stake from 51 per cent to 83 per cent, the company announced.

The Chinese firm made an initial $1 billion investment in April 2016 at a valuation of Lazada of $1.5 billion, but this second deal raises that valuation to $3.15 billion, it was disclosed. The agreement sees Alibaba buy shares from existing backers Rocket Internet, Singapore’s sovereign fund Temasek and the Lazada management team, the only investors that kept hold of their stock. After the transfer, Temasek will remain the only other investor, holding the balance of 17 per cent.

Alibaba is expected to send Lazada in an e-commerce battle against rivals such as JD.com and Amazon.com in a part of the world that has become the world’s fastest-growing Internet arena, with a populace of more than 600 million getting more comfortable with online shopping and payments.

A particular battleground is seen to be Indonesia, where JD.com has a strong footprint. The country draws comparisons with China a decade ago, with its lack of retail infrastructure, an exploding mobile-user base and a growing middle-class craving leisure and quality goods, which underpinnes the rise of e-commerce as such. That said, JD.com is reportedly in talks to invest hundreds of millions of dollars in Indonesian online marketplace Tokopedia and has plans to set up a delivery network in the country.

Market analysts believe that that e-commerce in Southeast Asia is on track to grow to reach a volume of $88 billion per year in 2025, up from $5.5 billion in 2015, as Internet access becomes more widespread thanks to growing sales of smartphones.

 
 
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Company Investvine, A Company of Inside Investor, Ltd.
Contact Imran Saddique
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Website http://investvine.com
Will Amazon and Flipkart Rekindle Hope for India's Future in E-Commerce?
 
May 19, 2017
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There has been some heated controversy going on amid the successful start of Amazon in India. The marketplace giant launched with better than expected numbers coming in, but Flipkart, Amazon’s major rival in India, has made an amazing turnaround and so the race is on. For the past several years the economy in India has been staggering a bit, and so these two marketplaces just might rekindle hope for India’s future in e-commerce.

India’s Continued Growth Overall

The race may be on, but will it really matter who comes out the winner if their efforts can bring about the changes needed to put India back on the map again as a key player? Thought to be the most promising of all emerging nations, this nation with 1.25 billion inhabitants is quickly gaining momentum because of the entrepreneurial spirit of the largest portion of the population – India’s young adults.

While there have been some setbacks, they pale in comparison to those which many of the world’s superpowers are experiencing. Uncertainty still looms over Brexit in the UK and it is unclear what the highly controversial US president will do for the economy of the United States, so India is in a prime position for massive growth. Amazon and Flipkart are just two of the reasons why there is hope for the future.

India’s Youth Answering the Call

Since such a large portion of the population is young and with a high priority placed on education, India is in a prime position to literally explode in the technology sector. As e-commerce expands, India just might set the pace for the advancement of a digital economy in the region, according to US marketing agency Single Grain. With China also making a move towards expansion in the free-market, these two nations may soon enjoy a place of global dominance in the technology sector once dominated by Japan.

The reason why India is looking towards the younger generation isn’t only because of their sheer numbers but because of their thirst for knowledge and a will to succeed. Saying India’s youth have a pervading entrepreneurial spirit is an understatement at very best. It is more of a passion for working towards a better future for their impoverished country and Amazon and Flipkart might just set the stage for this generation to elevate the GDP far above where it now stands at less than a quarter of China’s per capita.

E-commerce Offers a Better Future

As one of the world’s poorest nations and sadly one of the four most populous, India lacks the infrastructure that many other emerging nations now enjoy. Pumping money into the system will enable the Indian government to update that very same infrastructure that is holding the nation back.

With travel and communications often hindered by this very lack of updated infrastructure, e-commerce takes on greater significance. Startups can work from home with just a computer and an Internet connection, and that is likely the one factor that will bring India up to the ranks of finally being a ‘developed’ nation and a global presence to contend with.

 
 
The Fierce Competition in China is Proving To Be a Tough Place for Even Established Names in the E-commerce Sector
 
Apr 27, 2017
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China has always been a lucrative market for the e-commerce business with its 770 million+ working population and their love for shopping online. The real situation, on the other hand, is a little different than what someone inexperienced with the Chinese market might presume. Although it is the biggest e-commerce market in not only Asia but globally as well, it is nothing like any other market in the world. As many big brands batten down the hatches in realisation of this fact, let us take a close look at some of those shutdowns.

Lotte

Lotte Group Retail has been in China for the last two decades and currently has five shopping malls and 115 supermarkets in the country. However, the group’s first attempt at opening an online mall (Tmall) came to an end this January when sales fell well below expectations during the last quarter of 2016 as compared to Q4 2015. The South Korean MNC had not been seeing too much growth in China recently and as was made evident by the closing of the Tmall, e-commerce wasn’t working for them either.

ASOS

The prospects of e-commerce are bright in the UK and reliable VPS hosting UK makes sure that even emerging online businesses never have a bad server day. This positive experience at home led ASOS to believe that the company could make it in China as well, and the biggest online fashion retailer in the UK entered China with a bang in 2013. They poured in over a hundred million RMB into the market and developed a sales team, opened its own website as well as a Tmall, and imported the best of the British contemporary style it had to offer. All that effort and optimism came to an end in April 2016, when they decided to close shop and leave China for good, with a loss of 4 million GBP! It was a mix of import taxes, complex Chinese clothing trade regulations, ineffective marketing, and stiff competition from local Chinese competitors that ultimately pushed the huge brand out of China.

Coach

Coach, the US luxury brand in handbags launched its first official Tmall in 2015 and closed it down in September 2016! They did give a vague explanation along the lines of “shifting operational strategy,” but it wasn’t really a secret. Just like many other foreign established brands venturing into China, Coach just wasn’t making a profit that justified its Tmall. Coach, however, has not yet left the Chinese online market completely. The company has realised that WeChat is probably the best platform for online businesses in China right now and continues to remain quite active there.

As one can see from the examples above, in spite of China being the largest online retail market in the world, it isn’t a place where a business can enter with pre-conceived notions and zero market research, irrespective of their stature in the outside world. Understanding government regulations, logistics, and the unique Chinese market are some of the aspects of e-commerce that should be thoroughly researched and assessed before entering the nation and its fiercely competitive online market.

 
 
Cashing in on Credit
 
Dec 09, 2016
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Low credit card use in Southeast Asia is driving demand for online payment services.

ASEAN's rapid economic growth – together with its typically young and tech-savvy population and astounding rate of digital adoption – has seen e-commerce revenue across the region growing faster than anywhere else in the world. According to research by Frost & Sullivan, a Texas-headquartered market-research consultancy in the United States, Southeast Asia's e-commerce revenues will exceed US$25 billion by 2020. For 2015, the figure recorded was just US$11 billion.

To reach the predicted figure, however, the region will have to overcome several challenges, particularly the low level of credit card penetration. Although many of the major e-commerce players – including Alibaba, eBay and Rocket Internet – have already started investing in the region, the lack of online payment facilities is considered a serious barrier to future growth. A 2014 report by Swiss financial-services company UBS showed that credit card penetration in Indonesia and Thailand – two of the prime ASEAN markets – was as low as six per cent and five per cent, respectively.

The situation is similar for other ASEAN countries. In the Philippines, for instance, only three million to seven million Filipinos – out of a total population of almost 100 million people – are credit card holders. The problem is exacerbated by the fact that even the country's relatively few credit card holders are reluctant to use them for online purchases, preferring to pay by cash-on-delivery (COD).

Indeed, COD remains the preferred form of payment for online purchases in most Southeast Asian countries, a sharp contrast to the situation in developed nations, where credit card payments account for the vast majority of such purchases. With credit card growth slow and COD presenting several logistical and cost challenges, several alternative payment methods – including prepaid cards and e-wallets – are gaining traction in Southeast Asia, particularly among those making purchases via mobile devices.

The lack of credit card holders may ultimately prove a boon to the growth of the e-commerce sector, according to Timothy Lee. "A continued reliance on credit card payments alone could prove detrimental to sustained growth in the sector,” said Mr Lee.

“The low adoption of credit cards as an online payment method, however, as well as the slowness of established financial institutions to adjust to market, has now drawn many of the global payment companies – including PayPal, Payoneer, Samsung Pay and Adyen – into the region's e-commerce sector."

His sentiments were echoed by Warren Hayashi, the Asia-Pacific President of Adyen, the Dutch multichannel payment company. Speaking at the opening ceremony of the company's Singapore office last August, he said: "Asia-Pacific is the most active e-commerce market in the world and we see enormous potential in enabling e-commerce and omni-channel businesses in this region."

Founded in 2006 in the Netherlands, Adyen currently supports 250 payment methods around the world. The opening of its Singapore office – its third in the region, after Shanghai and Sydney – is seen as a sign of confidence in the burgeoning e-commerce sector.

Another system making clear inroads in the region is Samsung Pay, the mobile payment channel developed by South Korea's Samsung Electronics. It plans to launch in Thailand and Malaysia before the end of the year as it looks to substantially grow its overall share of the Asian mobile payment market. As of August this year, Samsung Pay's total transaction value in South Korea alone was US$1.76 billion, a huge achievement given that it only launched a little more than a year ago.

Apart from multinationals, a number of local payment firms are also emerging. PayMaya Philippines – formerly Smart eMoney – was a pioneer of mobile money and payment systems in the Philippines and is now looking to extend its services to other ASEAN countries. The company has also developed Pay Maya, the first prepaid online payment app in the Philippines that enables users to make online payments without a credit card. This year, the company is said to be on track to achieve a transaction volume of US$4.12 billion.

Payoneer, the New York-headquartered financial-services company, also has high hopes for its Southeast Asian operation, having considerably expanded its Hong Kong office at the end of last year. "In the Philippines in particular, where we recently launched our local office, we see tremendous opportunity for growth,” said Miguel Warren, the company's Country Manager.

"We believe cross-border service industries, such as business process outsourcing, software, game development and animation services, are likely to exceed US$425 billion in revenue terms this year alone."

For more market opportunities, please visit: http://research.hktdc.com/

 
 
Formation of Joint Venture to Enter into Complete Home Furnishing Solution E-Commerce Business, Offer One-stop Complete Household Solutions to Consumers
 
Oct 13, 2016
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Formation of Joint Venture to Enter into Complete Home Furnishing Solution E-Commerce Business
Offer One-stop Complete Household Solutions to Consumers

* * *

[12 October 2016 - Hong Kong] Today, the Board of Royale Furniture Holdings Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce the formation of Bestech Investment Development Limited (the "Joint Venture"), and its entrance to the complete home furnishing e-commerce business in the PRC to offer one-stop solutions to consumers.

On 11 October 2016, Chitaly Furniture Global Limited, an indirectly wholly-owned subsidiary of the Company, and Mr. Tse Kam Pang(""Mr. Tse"), an executive director and a substantial shareholder of the Company, entered into an agreement that they would invest HK$18,000,000 and HK$12,000,000 respectively to establish the Joint Venture. The Joint Venture will then be an indirectly non-wholly owned subsidiary of the Company and that would be 60% owned by the Group and 40% owned by Mr. Tse.

As internet development becomes more mature, the PRC has been actively promoting the "Internet+" policy and encouraging the co-development of internet and traditional industries to consolidate industry resources, and create new value and new opportunities. Combining the well-known furniture brand and comprehensive distribution network of the Group, and Mr. Tse's extensive connections, experience and capital, the Joint Venture will lay a solid foundation for our complete home furnishing solution e-commerce business in the PRC to capture the massive opportunities from complete home furnishing solution e-commerce market.

The Joint Venture establishes a diversified complete home furnishing O2O platform and offers one-stop solutions to consumers. The platform consolidates a wide range of home furnishing industry supply chains, including building materials, bathroom, furniture, soft decor and smart home segments. The formation of the Joint Venture marks the Group's progressive implementation of its Royale Furniture Home Furnishing Platform.

Mr. Tse Kam Pang, the Chairman and CEO of Royale Furniture, said "The Group will build up a new business model by promoting the complete home furnishing strategy and consolidating the industry chain. We will offer a platform to work with our supply chain partners, with an aim to satisfy consumers' need for personalized solutions."

- End -

About Royale Furniture Holdings Limited
Royale Furniture Holdings Limited (Stock Code: 1198.HK), is one of the leading furniture brands in China with extensive franchisee network. "Royal Furniture皇朝傢俬" was appointed as the Official Home Furniture Exclusive Supplier for the Beijing 2008 Olympic Games. In 2009, "Royal Furniture皇朝傢俬" was appointed as the exclusive supplier of all furniture products for the 26th Summer Universiade to be held at Shenzhen in 2011.

This press release is issued by DLK Advisory Limited for and on behalf of
Royale Furniture Holdings Limited.

For further information, please contact:

DLK Advisory Limited
Tel: +852 2857 7101
Fax: +852 2857 7103

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
German Companies Benefit from Booming E-commerce in Asia
 
Aug 11, 2016
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  • Rising demand for German consumer and luxury goods
  • Online shopping is becoming more popular among Chinese middle class consumers
  • Consumer confidence is relatively stable

    11 August 2016 – Asia is currently witnessing a boom in e-commerce. Affluent Chinese middle class consumers in particular are taking advantage of the benefits that online shopping has to offer. This has also led to increased demand for overseas products. Consumer goods, luxury brands and sustainable Western products are in high demand among Asian consumers. German companies were among the first to identify this trend and seize the sales opportunities that this heavily populated and emerging region offers. According to the National Bureau of Statistics of China, retail sales of consumer goods have seen double-digit growth in recent years, outpacing overall economic growth. This is the result of targeted measures implemented by the Central People’s Government in Beijing designed to stimulate consumption. Trade policy liberalisation and tax cuts have also progressively improved import opportunities for foreign consumer goods.

    Using Hong Kong as a stepping stone to Asian markets

    Innovative, high-quality and green products are popular among Asian consumers. New and established German companies are cooperating with local service providers in order to facilitate their entry into new markets and promote sales of their products. "Thanks to its cosmopolitan nature, Hong Kong is an important base for Western companies expanding to Asia. When foreign companies sell their goods and services to Asia, they stand a better chance of success when they work together with partners who have both local knowledge and international expertise," said Raymond Yip, Deputy Executive Director of the Hong Kong Trade Development Council (HKTDC), a statutory body that promotes Hong Kong’s trade and spotlights the city’s advantages for foreign companies looking to expand into the Asian market. Hong Kong’s close proximity to the Pearl River Delta region makes it an excellent platform for German companies that can also take advantage of its low tax burden and a high degree of legal certainty under the ‘one country, two systems’ formula. "Companies in Hong Kong benefit from free flows of information and capital, a large pool of local and international talent and a level playing field for foreign and domestic companies," explained Mr Yip.

    Firms from the import/export, wholesale/retail, finance and services industries in particular are using Hong Kong as a platform to expand their business in Asia. According to Invest Hong Kong, the potential for regional expansion is a major consideration for around 79 per cent of companies based in Hong Kong - including a number of German companies and start-ups.

    Series of events to inform German companies about sales and business success in China
    A business symposium, part of the HKTDC’s mega promotion called "Think Asia, Think Hong Kong", will be held in Düsseldorf on 28 September 2016 to provide detailed information on sales and marketing in China and an insights into business opportunities in Asia. Representatives from companies such as BASF, Jebsen Group and Crown Worldwide Group will share their knowledge about the challenges and opportunities of doing business in the Chinese mainland and the rest of the Asian market. This is the first time that the HKTDC is staging “Think Asia, Think Hong Kong” in Germany, comprising a series of events on 28 and 29 September in Frankfurt, Düsseldorf, Hamburg and Munich designed to give German entrepreneurs the opportunity to learn about what Hong Kong has to offer for foreign companies. A business delegation comprising investors from Hong Kong and the Chinese mainland will attend the event in Dusseldorf on 28 September where one-on-one business matching meetings will be arranged.

    For more information and to register for free for the "Selling to China and throughout Asia" event on 28 September 2016 in the Museum Kunstpalast in Düsseldorf, please visit :  http://www.thinkasiathinkhk.com/2016.

    Media contact in Germany:
    Christiane Koesling
    Hong Kong Trade Development Council (HKTDC)
    Kreuzerhohl 5-7
    60439 Frankfurt, Germany
    Tel: 069 - 9 57 72 - 161
    Fax: 069 - 9 57 72 - 200
    Email:christiane.koesling@hktdc.org

    Media Enquiries in Hong Kong:
    Please contact the HKTDC's Communication and Public Affairs Department:
    Nick Waters
    Tel: (852) 2584 4517
    Email: nick.waters@hktdc.org

  •