Nanjing, China
Nanjing, China

Suning Appliance Company Limited is one of the largest privately owned retailers in China, headquartered in Nanjing, Jiangsu. Suning has more than 1600 stores covering over 700 cities of Mainland China, Hong Kong and Japan and its e-commerce platform, Suning Wikipedia.


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News Article | November 28, 2016
Site: globenewswire.com

SHERMAN OAKS, Calif., Nov. 28, 2016 (GLOBE NEWSWIRE) -- Cherokee Global Brands (NASDAQ:CHKE) (“Cherokee Global Brands”, “CGB” or “the Company”), a global brand marketing platform that manages a growing portfolio of fashion and lifestyle brands, today announced that it intends to enter into a share purchase agreement to acquire Hi-Tec Sports International Holdings B.V. (“Hi-Tec”), a global footwear company. Founded in 1974 and based in the Netherlands, Hi-Tec is a privately-held branded footwear company that designs, markets and sells footwear globally, primarily under the Hi-Tec and Magnum brands. Hi-Tec’s brands are sold in over 110 countries, predominately in the United Kingdom, Continental Europe, the United States, Canada, South and Central America and Asia through major retailers, independent distributors, licensees and direct to consumers. In 2015, Hi-Tec recorded revenue of approximately $143 million (based on a 1.1 Euros to each U.S. dollar exchange rate, which represents the average exchange rate for calendar year 2015), on worldwide wholesale sales estimated by third-party research to be approximately $288 million, including products sold under the Hi-Tec and Magnum brands. Upon closing of the transaction, Cherokee will sell substantially all assets related to Hi-Tec’s wholesale operations to new operating partners, the proceeds from which shall fund a portion of the Hi-Tec acquisition purchase price. Concurrently, the new operating partner licensees are entering into license agreements with Hi-Tec Sports International Holdings B.V., a wholly owned subsidiary of Cherokee Inc., pursuant to which each operating partner will pay Cherokee royalties for the future use of Hi-Tec intellectual property. The headquarters of Hi-Tec will remain in Amsterdam. In view of the founder’s strong ties with Africa, the subsidiary Hi-Tec Sports South Africa has been purchased by Hi-Tec’s founder, Frank van Wezel himself. He has negotiated a license and distribution agreement with Cherokee which enables him to grow the company and its brands (such as Hi-Tec, Magnum, Carrick and Interceptor) strongly in that part of the world. “The acquisition of the Hi-Tec and Magnum brands aligns with our strategic focus of diversifying and building upon our active lifestyle portfolio as we continue to grow our global footprint,” stated Henry Stupp, Chief Executive Officer of Cherokee Global Brands. “Hi-Tec’s high-equity brands will build upon our presence in the active, outdoor markets, and we are excited by the potential to further expand these brands into additional categories including apparel, accessories, wearables, outdoor products and more.” Mr. Stupp continued, “Consistent with our business model and strategy, we will convert the Hi-Tec business to a branded licensing model. We look forward to maintaining and working alongside Hi-Tec’s exceptional leadership and product development team to identify and secure additional wholesale and retail licensing partners that will help commercialize the brands, and to continuing relationships with the well-established supply chain as it transitions to our new operating partner licensees.” “Hi-Tec’s global customer base adds significant wholesale and retail opportunities that we expect will deliver compelling cross-selling opportunities between the CGB and Hi-Tec and Magnum brand portfolios,” Stupp added. Founder and Chairman, Frank van Wezel, of Hi-Tec Sports is delighted to make this announcement: “I believe the future of the Hi-Tec company is in good hands with Cherokee Global Brands. When I started the company in 1974, I could not have foreseen the global success of the company until this day. It has been a wonderful experience, and I am happy to remain with the new company as Chairman Emeritus and Ambassador for at least the next five years. It is now time to turn the management over to the capable management team led by my son, Ed.” “This is an exciting time, and we are pleased to join Cherokee Global Brands,” stated Ed Van Wezel, CEO of Hi-Tec. “Cherokee Global Brands has built a compelling global platform, that combined with the new brand licensing model will allow us to adapt to the fast-changing retail and consumer environment, broaden the reach and offering of Hi-Tec’s core brands while we build upon our select distribution channels that have been established over the past 40 years. I look forward to working directly with Henry Stupp and the Cherokee Global Brand’s team. We look forward to making Hi-Tec’s products available to an even broader global customer base, as we expand our existing relationships through new product category introductions.” Assuming the Hi-Tec acquisition is consummated, Cherokee expects Hi-Tec to contribute approximately $19 million of licensing revenue and $7 million in Adjusted EBITDA during the first full fiscal year after the closing of the acquisition. Cherokee intends to fund the purchase price through cash on hand, proceeds from a new credit facility with Cerberus Business Finance, LLC (“Cerberus”), proceeds from the sale of assets, including to the new operating partner licensees, a receivables funding loan to be provided by its Chairman of the Board and the net proceeds from the proposed public offering of common stock as further detailed in the preliminary prospectus supplement filed by the Company on November 28, 2016. The acquisition will be effected by a share purchase agreement under which Cherokee Global Brands will acquire all the issued and outstanding share capital of Hi-Tec Sports International Holdings B.V., for an aggregate cash purchase price of approximately $95.8 million on a cash-free debt-free basis, based on normalized working capital.  Subject to post-closing adjustments, and after giving effect to the asset sales and the other transactions in this release, Cherokee expects that the purchase price for the Hi-Tec intellectual property assets to be retained by it will be approximately $62 million. The parties expect the transaction documents to become effective on November 29, 2016 and the transactions to close in the current fiscal quarter ending January 28, 2017. NIBC Bank is acting as exclusive financial advisor to Hi-Tec, and Houthoff Buruma is acting as legal advisor to Hi-Tec. Houlihan Lokey and Symphony Investment Partners are acting as financial advisors to Cherokee, while Morrison & Foerster is acting as legal advisor. About Cherokee Global Brands (“CGB”) Cherokee Global Brands is a global brand marketing platform that manages a growing portfolio of active, and family lifestyle brands including Cherokee®, Carole Little®, Tony Hawk® Signature Apparel and Hawk Brands®, Liz Lange®, Everyday California®, Sideout®, and Flip Flop Shops®, a leading franchise retail chain, across multiple consumer product categories and retail tiers around the world. CGB’s three value pillars - vision, agility and scale - are essential to achieving long-term success as we further develop the global footprint for our brand portfolio. The company’s 360° platform is a powerful tool that enables CGB and its licensing partners to expand wholesale and retail relationships and enter markets quicker than ever before with well-designed product, a fully-developed supply chain and fully integrated marketing plans. The Company currently maintains license and franchise agreements with leading retailers and manufacturers that span over 50 countries in 9,000 retail locations. Its retail, franchise and e-commerce platform partnerships include: Target Stores (U.S.), Kohl's (U.S.), Sears Canada (Canada), Walmart (Canada), Argos & Sports Direct (UK and Ireland), Flip Flop Shops® (US, Canada, Caribbean, Middle East and South Africa), RT-Mart (Peoples Republic of China), Pick 'n Pay (South Africa), Falabella (Chile, Peru and Colombia), Arvind Mills (India), Shufersal LTD. (Israel), Comercial Mexicana (Mexico), Nishimatsuya (Japan), Landmark Group's Max Stores (certain Middle East and North Africa countries), Reliance Trends Stores (India), Ahold (Czech Republic) and the TJX Companies (U.S., Canada and Europe). Hi-Tec Sports is a global leader in Sports, Outdoor, Work & Tactical footwear with distribution in over 80 countries with subsidiary companies in the UK, Canada, USA, South Africa, France, Germany and the Benelux. Hi-Tec Sports manages and operates brands like Hi-Tec®, Magnum®, Interceptor® and 50Peaks®. The company holds its headquarters in Amsterdam, employing over 250 people globally and representing global wholesale sales of approximately $288 million. The brands hold strong positions in the USA, Western & Eastern Europe, the Middle East, Asia, Latin & South America. Its retail and e-commerce partnerships include a.o. Nordstrom, KOHL’s, Marathon sports, Academy, Big 5 Sporting Goods, Walmart (USA), CTC (CA), Amazon.com (US and EU), Cotswold, Millets, GO Outdoors, Blacks (UK), Sports2000, Bever Outdoor (NL), Deichmann, (GE), Martes Sports (PL), Cape Union Mart (SA), Primer Group (PH), Swire Group (HK), World of Sports (SG), Tmall.com, Suning.com, JD.com (CH), Sports Alpen (JP), Dexter (ARG), Falabella (Chile/Peru), Ripley (Peru), PennyLane (CR),  MacPac (AUS) and Rebel (NZ). Institutional business around the world includes police, military, EMS, fire, security, workwear and governmental contracts predominately under the Magnum Brand. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, without limitation, statements regarding our expectations, hopes or intentions regarding the future. When used, the words “anticipates”, “believes”, “estimates”, “plans”, “expects”, “objectives”, “goals” “aims”, “hopes”, “may”, “might”, “will”, “likely”, “should” and similar expressions are intended to identify such forward‑looking statements. Forward‑looking statements included in this press release include, without limitation, express or implied statements regarding the consummation of and expected timing of the proposed Hi-Tec Acquisition, our goals or expectations for our future performance, our expectations concerning our ability to realize financial benefits from the proposed Hi-Tec Acquisition, including with respect to licensing revenue and minimum licensing royalties. Forward‑looking statements are based on our current views, expectations and assumptions and involve known and unknown risks and uncertainties that may cause actual results, performance, achievements or share prices to be materially different from any future results, performance, achievements or share prices expressed or implied by the forward‑looking statements. Such risks and uncertainties include, among others: the risk that we do not consummate the Hi-Tec Acquisition on the timeline that we expect or at all; the risk that we do not realize the anticipated benefits of the Hi-Tec Acquisition; and risks related to the integration of the Hi-Tec Acquisition. These and other risks and uncertainties are discussed in more detail under the “Risk Factors” section of the prospectus supplement filed November 28, 2016 in connection with our public offering of common stock and in our periodic and current reports incorporated by reference in this prospectus supplement and the accompanying prospectus. You should not place undue reliance on the forward‑looking statements we make because some or all of them may turn out to be incorrect. Forward-looking statements speak only as of the date they are made and except as required by law, we undertake no obligation to update any of the forward‑looking statements we make to reflect future events and developments. A further list and description of these risks, uncertainties and other matters can be found in the Company's Annual Report on Form 10-K for Fiscal Year 2016, and in its periodic reports on Forms 10-Q and 8-K. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intent or obligation to update any of the forward-looking statements contained herein to reflect future events and developments.


News Article | February 15, 2017
Site: www.businesswire.com

ARLINGTON, Va.--(BUSINESS WIRE)--The Consumer Technology Association (CTA)TM today announced that CES AsiaTM 2017 is set for another showstopping, record smashing year. Four months out from the third annual event, nearly 10,500 net square meters (112,902 net square feet) of exhibit space have been sold, up 10 percent from this time last year. Owned and produced by the Consumer Technology Association (CTA)™ and co-produced by Shanghai Intex Exhibition Co., Ltd, CES Asia 2017 will take place June 7-9, 2017, in Shanghai, China at the Shanghai New International Expo Centre (SNIEC). More than 200 notable companies are already slated to exhibit at CES Asia 2017, including Audio-Technica, Baidu, Continental Automotive Holding, Digital China, DJI, Fossil/Misfit, Garmin, Gibson Brands, Haier, Huawei, Intel, LeEco, Monster, NavInfo, Onkyo, OtterBox, Pioneer, Scosche, Suning, UPS, USPS, Valeo, Volvo, Voxx, Wacom and Yuneec. More information on exhibiting companies will be posted on CESAsia.com in the coming weeks. “CES Asia is a fast growing technology tradeshow,” said Karen Chupka, senior vice president, CES and corporate business strategy, CTA. “The growth we’ve seen with this event is indicative of the rapidly growing Asian market and involvement of multiple technology industries debuting groundbreaking innovations. Our show is becoming a must-attend event for companies from around the world to launch new products and create lasting partnerships in the Asian market.” Ultimately, CES Asia 2017 is expected to draw more than 30,000 attendees and more than 1,100 global media to cover some 450 exhibiting companies showcasing innovation across 19 product categories, including major growth areas such as drones, the Internet of Things (IoT) and virtual reality. Registration for CES Asia 2017 is now open. For more information on how to exhibit or register, please visit CESAsia.com. Note to Editors: Journalists traveling from outside of China will require a J-1 or J-2 visa. For questions about exhibiting at CES Asia, contact Brian Moon at bmoon@cta.tech or +1 703-907-4351. Owned and produced by the Consumer Technology Association (CTA)TM and co-produced by Shanghai Intex Exhibition Co., Ltd (Shanghai Intex), CES Asia is the premier event for the consumer technology industry, showcasing the full breadth and depth of the innovation value-chain in the Asian marketplace. Key global businesses come to this new event to grow and reinforce their brand by showcasing the latest products and technologies to consumer tech industry executives, foreign buyers, international media and a limited number of consumers from China. Attendees have exclusive access to some of the largest brands from China and around the world, while celebrating the innovation that defines the consumer technology sector. Consumer Technology Association (CTA)TM is the trade association representing the $292 billion U.S. consumer technology industry, which supports more than 15 million U.S. jobs. More than 2,200 companies – 80 percent are small businesses and startups; others are among the world’s best known brands – enjoy the benefits of CTA membership including policy advocacy, market research, technical education, industry promotion, standards development and the fostering of business and strategic relationships. CTA also owns and produces CES® – the world’s gathering place for all who thrive on the business of consumer technologies. Profits from CES are reinvested into CTA’s industry services. Shanghai Intex Exhibition Co., Ltd was originally the exhibition organizing business of Intex Shanghai, a pioneering exhibition organizer established in 1995. Shanghai Intex is jointly overseen by the China Council for the Promotion of International Trade (CCPIT) Shanghai and PNO Exhibition Investment (Dubai) Limited. Starting in 1998, Shanghai Intex has organized over 100 trade shows and conferences with a sum total exhibition space in excess of 2 million sqm. Shanghai Intex is comprised of professional teams with a wealth of experience in organizing major international events, covering the creative industry, healthcare, lifestyle, advanced manufacturing and consumer electronics.


HONG KONG, Feb. 22, 2017 /PRNewswire/ -- Alibaba Group Holding Ltd. is collaborating with Shanghai Bailian Group Co., one of China's biggest general store and retail chains, as Jack Ma quickens a push to utilize innovation to shake up outdated retail. "Alibaba wants to help update some of Bailian's 4,700 stores the nation over, coordinating everything from client relations to installment and coordinations in a way like its tie-ups with different players, for example, gadgets chain Suning Commerce Group Co.," notes Oliver Johnson, Director of Corporate Equities from Woori Bridgewater Brokerage. The online big-hitter that vanquished eBay and Amazon in China has set its sights on utilizing its information and innovation to change the $4 trillion universe of household physical retail. In its greatest old-economy bargain, Alibaba is driving an offer to purchase retail chain Intime Retail Group Co. for as much as $2.6 billion. Their billionaire fellow founder needs to assemble a system that will permit stores and brands to screen exchanges as they happen, freeing layers of merchants so that retail outlets can put orders online progressively. "Our association with Bailian is a critical breakthrough in the advancement of Chinese retail, where the qualification amongst physical and virtual business is getting to be distinctly out of date," Daniel Zhang, Alibaba's CEO, said in a messaged articulation. Amazon.com Inc. is likewise quick to show how innovation can change the deeply rooted shopping background. It divulged Amazon Go in December, permitting Seattle customers to get staple goods without holding up in checkout lines as their record is naturally charged when they exit. Like Alibaba, the U.S. web based business titan has broad experience working with reams of important client and inventory network information and shopping designs. "With Bailian, Alibaba will tap a system of 4,700 stores crosswise over 25 Chinese regions. Aside from Intime, the Hangzhou, China-based organization has as of now put resources into retail administrators including Suning and Sanjiang Shopping Club Co. to further its alleged new retail analysis," commented David Fraser, Head of Corporate Trading at Woori Bridgewater Brokerage. Alibaba won't take a stake in Bailian. In any case, the match will coordinate their participation databases and utilize facial acknowledgment innovation to enhance customers' encounters, the organization said in an email. Alibaba's online installments framework, Alipay, will be accessible at all Bailian stores. The web-based business mammoth's conveyance member - Cainiao Smart Logistics Network Ltd. - will work with Bailian to substance out conventions that make the framework more effective. About Woori Bridgewater Brokerage:  Woori Bridgewater Brokerage is a full service advisory investment company whose primary goal is to ensure that capital is managed effectively and professionally while focusing on maximizing growth and minimizing risk. Our company was founded in 2011, and is strategically positioned with its retail private client services based in Toronto, Canada and our Corporate Department in Seoul, Korea. We have over a decade of experience working within the markets at a global level, effectively managing over $5.25 billion in assets and growing. We offer a full service and we execute trades with precision, attention and dedication, always backed up with dedicated research.


News Article | February 16, 2017
Site: www.businesswire.com

ARLINGTON, Virginie--(BUSINESS WIRE)--La Consumer Technology Association (CTA)TM a annoncé aujourd’hui que le salon CES AsiaTM 2017 est en passe d’atteindre cette année encore un autre record spectaculaire et fracassant. Quatre mois avant l’événement annuel, 10 500 mètres carrés nets (112 902 pieds carrés) d’espace d’exposition ont été vendus, c’est-à-dire 10 % de plus que l’année dernière à la même période. Propriété et production de la Consumer Technology Association (CTA)™ et organisé conjointement par Shanghai Intex Exhibition Co., Ltd, le salon CES Asia 2017 se tiendra du 7 au 9 juin 2017 au Shanghai New International Exhibition Centre (SNIEC), à Shanghai en Chine. Plus de 200 compagnies de renom ont déjà confirmé qu’elles exposeront au salon CES Asia 2017, parmi elles Audio-Technica, Baidu, Continental Automotive Holding, Digital China, DJI, Fossil/Misfit, Garmin, Gibson Brands, Haier, Huawei, Intel, LeEco, Monster, NavInfo, Onkyo, OtterBox, Pioneer, Scosche, Suning, UPS, USPS, Valeo, Volvo, Voxx, Wacom et Yuneec. De plus amples informations sur les sociétés exposantes seront publiées sur le site CESAsia.com dans les semaines à venir. « CES Asia est un salon de la technologie en croissance rapide », a affirmé Karen Chupka, vice-présidente principale du CES et de la stratégie commerciale d'entreprise de la CTA. « Nous sommes témoins d’une croissance qui illustre le développement en flèche du marché asiatique et l’implication de plusieurs secteurs technologiques qui lancent des innovations révolutionnaires. Notre salon devient un événement incontournable pour les entreprises du monde entier qui veulent lancer de nouveaux produits et créer des partenariats durables sur le marché asiatique. » Le CES Asia 2017 accueillera en définitive plus de 30 000 participants et plus de 1 100 médias internationaux qui couvriront plus de 450 entreprises exposantes, venues dévoiler leurs dernières innovations dans 19 catégories de produit, y compris de grands secteurs en croissance tels que les drones, l’Internet des choses (IoT) et la réalité virtuelle. Propriété et production de la Consumer Technology Association (CTA)TM et organisé conjointement par Shanghai Intex Exhibition Co., Ltd (Shanghai Intex), le salon CES Asia est l'événement principal pour le secteur de la technologie grand public, présentant toute la diversité et l’étendue de la chaîne de valeur liée à l’innovation sur le marché asiatique. Des sociétés internationales clés participeront à ce nouvel événement pour développer et renforcer leur marque en présentant les derniers produits et technologies aux cadres du secteur de l’électronique grand public, aux acheteurs étrangers, aux médias internationaux et à un nombre limité de consommateurs de Chine. Les participants bénéficieront d’un accès exclusif à certaines des plus grandes marques de Chine et du monde entier, tout en célébrant l’innovation qui définit le secteur de la technologie grand public. Consumer Technology Association (CTA)TM est l’association commerciale qui représente le secteur américain des technologies grand public, d’une valeur de 292 milliards de dollars, et soutient plus de 15 millions d'emplois aux États-Unis. Plus de 2 200 sociétés (dont 80 pour cent sont des petites entreprises et des start-ups, et d’autres parmi les marques les plus renommées au monde) tirent profit de leur adhésion à la CTA, notamment des services de défense des politiques, d’études de marché, de formations techniques, de promotion du secteur, d’élaboration de normes et de promotion des relations commerciales et stratégiques. La CTA est également propriétaire et productrice du Salon CES®, le lieu de rassemblement mondial pour tous ceux dont la prospérité est fondée sur les activités liées aux technologies grand public. Les bénéfices du CES sont réinvestis dans les services prodigués par la CTA au secteur. Shanghai Intex Exhibition Co., Ltd était à l'origine la division chargée de l'organisation des expositions d'Intex Shanghai, une société pionnière de l'organisation d'expositions fondée en 1995. Shanghai Intex est supervisée conjointement par le Conseil chinois pour la promotion du commerce international (CCPIT) de Shanghai et par PNO Exhibition Investment (Dubai) Limited. Depuis ses débuts en 1998, Intex a organisé plus de 100 salons professionnels et conférences, sur une surface totale d'exposition dépassant les 2 millions de mètres carrés. Shanghai Intex réunit des équipes professionnelles ayant à leur acquis une riche expérience de l'organisation d'événements internationaux majeurs axés sur les secteurs de la création, de la santé, des styles de vie, sur l'industrie manufacturière de pointe et sur l'électronique grand public.


In this report, the global 4K TVs market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of 4K TVs in these regions, from 2012 to 2022 (forecast), covering Global 4K TVs market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of 4K TVs for each application, including 2 Global 4K TVs Market Competition by Manufacturers 2.1 Global 4K TVs Capacity, Production and Share by Manufacturers (2012-2017) 2.1.1 Global 4K TVs Capacity and Share by Manufacturers (2012-2017) 2.1.2 Global 4K TVs Production and Share by Manufacturers (2012-2017) 2.2 Global 4K TVs Revenue and Share by Manufacturers (2012-2017) 2.3 Global 4K TVs Average Price by Manufacturers (2012-2017) 2.4 Manufacturers 4K TVs Manufacturing Base Distribution, Sales Area and Product Type 2.5 4K TVs Market Competitive Situation and Trends 2.5.1 4K TVs Market Concentration Rate 2.5.2 4K TVs Market Share of Top 3 and Top 5 Manufacturers 2.5.3 Mergers & Acquisitions, Expansion 3 Global 4K TVs Capacity, Production, Revenue (Value) by Region (2012-2017) 3.1 Global 4K TVs Capacity and Market Share by Region (2012-2017) 3.2 Global 4K TVs Production and Market Share by Region (2012-2017) 3.3 Global 4K TVs Revenue (Value) and Market Share by Region (2012-2017) 3.4 Global 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.5 North America 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.6 Europe 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.7 China 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.8 Japan 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.9 Southeast Asia 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.10 India 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 5 Global 4K TVs Production, Revenue (Value), Price Trend by Type 5.1 Global 4K TVs Production and Market Share by Type (2012-2017) 5.2 Global 4K TVs Revenue and Market Share by Type (2012-2017) 5.3 Global 4K TVs Price by Type (2012-2017) 5.4 Global 4K TVs Production Growth by Type (2012-2017) 6 Global 4K TVs Market Analysis by Application 6.1 Global 4K TVs Consumption and Market Share by Application (2012-2017) 6.2 Global 4K TVs Consumption Growth Rate by Application (2012-2017) 6.3 Market Drivers and Opportunities 6.3.1 Potential Applications 6.3.2 Emerging Markets/Countries 7 Global 4K TVs Manufacturers Profiles/Analysis 7.1 Samsung 7.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.1.2 4K TVs Product Category, Application and Specification 7.1.2.1 Product A 7.1.2.2 Product B 7.1.3 Samsung 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.1.4 Main Business/Business Overview 7.2 LG 7.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.2.2 4K TVs Product Category, Application and Specification 7.2.2.1 Product A 7.2.2.2 Product B 7.2.3 LG 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.2.4 Main Business/Business Overview 7.3 SONY 7.3.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.3.2 4K TVs Product Category, Application and Specification 7.3.2.1 Product A 7.3.2.2 Product B 7.3.3 SONY 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.3.4 Main Business/Business Overview 7.4 Sharp 7.4.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.4.2 4K TVs Product Category, Application and Specification 7.4.2.1 Product A 7.4.2.2 Product B 7.4.3 Sharp 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.4.4 Main Business/Business Overview 7.5 Panasonic 7.5.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.5.2 4K TVs Product Category, Application and Specification 7.5.2.1 Product A 7.5.2.2 Product B 7.5.3 Panasonic 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.5.4 Main Business/Business Overview 7.6 Toshiba 7.6.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.6.2 4K TVs Product Category, Application and Specification 7.6.2.1 Product A 7.6.2.2 Product B 7.6.3 Toshiba 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.6.4 Main Business/Business Overview 7.7 Seiki (Tongfang) 7.7.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.7.2 4K TVs Product Category, Application and Specification 7.7.2.1 Product A 7.7.2.2 Product B 7.7.3 Seiki (Tongfang) 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.7.4 Main Business/Business Overview 7.8 Hisense 7.8.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.8.2 4K TVs Product Category, Application and Specification 7.8.2.1 Product A 7.8.2.2 Product B 7.8.3 Hisense 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.8.4 Main Business/Business Overview 7.9 Skyworth 7.9.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.9.2 4K TVs Product Category, Application and Specification 7.9.2.1 Product A 7.9.2.2 Product B 7.9.3 Skyworth 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.9.4 Main Business/Business Overview 7.10 Changhong 7.10.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.10.2 4K TVs Product Category, Application and Specification 7.10.2.1 Product A 7.10.2.2 Product B 7.10.3 Changhong 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.10.4 Main Business/Business Overview 7.11 TCL 7.12 Konka 7.13 Philips(Suning) 7.14 Haier For more information, please visit http://www.wiseguyreports.com


— The Global 4K TVs Market Research Report 2017 is a professional and in-depth study on the current state of the 4K TVs Market. This report studies 4K TVs in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer covering top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Samsung, LG, SONY, Sharp, Panasonic, Toshiba, Seiki (Tongfang), Hisense, Skyworth, Changhong, TCL, Konka, Philips(Suning) and Haier . Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of 4K TVs in these regions, from 2017 to 2022 (forecast), like North America, Europe, China, Japan, Southeast Asia and India. Firstly, 4K TVs Market On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Residential and Commercial. On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of 4K TVs for each application, including 50 Inches, 55 Inches, 60 Inches, 65 Inches, 70 Inches and Others. View more details about this report @ http://www.reportsweb.com/global-4k-tvs-market-research-report-2017 Few points from Table of Contents 5 Global 4K TVs Production, Revenue (Value), Price Trend by Type 5.1 Global 4K TVs Production and Market Share by Type (2012-2017) 5.2 Global 4K TVs Revenue and Market Share by Type (2012-2017) 5.3 Global 4K TVs Price by Type (2012-2017) 5.4 Global 4K TVs Production Growth by Type (2012-2017) 6 Global 4K TVs Market Analysis by Application 6.1 Global 4K TVs Consumption and Market Share by Application (2012-2017) 6.2 Global 4K TVs Consumption Growth Rate by Application (2012-2017) 6.3 Market Drivers and Opportunities 6.3.1 Potential Applications 6.3.2 Emerging Markets/Countries 7 Global 4K TVs Manufacturers Profiles/Analysis 7.1 Samsung 7.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.1.2 4K TVs Product Category, Application and Specification 7.1.2.1 Product A 7.1.2.2 Product B 7.1.3 Samsung 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.1.4 Main Business/Business Overview 7.2 LG 7.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.2.2 4K TVs Product Category, Application and Specification 7.2.2.1 Product A 7.2.2.2 Product B 7.2.3 LG 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.2.4 Main Business/Business Overview 7.3 SONY 7.3.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.3.2 4K TVs Product Category, Application and Specification 7.3.2.1 Product A 7.3.2.2 Product B 7.3.3 SONY 4K TVs Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.3.4 Main Business/Business Overview For more information, please visit http://www.reportsweb.com/global-4k-tvs-market-research-report-2017


Mr. Weng Zhanbin, Chairman of Zhaojin Mining is named "The Most Influential Leader of Listed Company" of "Golden Bauhinia Awards 2016" Zhaojin Mining Industry Company Limited ("Zhaojin Mining" or the "Company" and, together with its subsidiaries, the "Group"; stock code: 1818), a leading gold production enterprise in China, is pleased to announce that Mr. Weng Zhanbin, Chairman of Zhaojin Mining, is named the "The Most Influential Leader of Listed Company" of "Golden Bauhinia Awards 2016", who becomes the only entrepreneur in the gold industry that is awarded among the ten awarded leaders in both China and Hong Kong. "The Most Influential Leader of Listed Company" is the most important award of "Golden Bauhinia Awards" and those award winners also include famous entrepreneurs such as Mr. Yi Huiman, Chairman of Industrial and Commercial Bank of China Limited, Mr. Yanghua, Chairman of CNOOC Limited and Mr. Zhang Jindong, Chairman of Suning Commerce Group Co., Ltd. Mr. Wang Ligang, Secretary of the Board of Zhaojin Mining, was awarded "The Best Secretary of the Board of Listed Company" in the same occasion. "Golden Bauhinia Awards" is a large scale assessment activity focusing on companies listed in mainland and Hong Kong and its management. The event is co-organized by Hong Kong Ta Kung Wen Wei Media Group Limited and important management organization, securities organization and famous economists in mainland. The selection of award winners is based on the authoritative information provided by key securities organization in mainland and Hong Kong, utilizing different assessment and selection methods from all perspectives such as internal nomination, objective information selection, experts screening and panel of judges for all listed companies in mainland and Hong Kong. It is highly recognized by capital markets of mainland and Hong Kong. As an assessment with the largest scale, highest priority and widest recognition focusing on listed companies in mainland and Hong Kong, series of "Golden Bauhinia Awards" has become an important platform for high-end interaction and brand promotion of Hong Kong and mainland capital markets after years of experience. The award results for listed companies have become the most important indicators of the market. Mr. Weng has been leading the company over the last golden decade of China's gold industry and he is able to shape it as a top mining company in China and the world. He deserves the best recognition. Mr. Weng Zhanbin, Chairman of Zhaojin Mining, stated that, "From a localized company to an internationalized listed company, Zhaojin always adheres to pure gold development strategy. It strives to enhance the competitive strengths, optimize operating management, capitalize on value investment opportunities and generate fruitful returns for shareholders over the last decade. I am honored and encouraged to get the award this time. It shows the community's wide recognition of the company and its management. We will leverage the milestone of 10th year anniversary and take full advantage of industrial investment and capital market to speed up the pace of overseas development. We will strive to build the first-class gold mining company with the strength of global resources integration, and generate fruitful results as a return for the society." Zhaojin Breaks the Record High for Yield; Innovation and Efficiency are greatly Enhanced


News Article | December 6, 2016
Site: globenewswire.com

SHANGHAI, China, Dec. 06, 2016 (GLOBE NEWSWIRE) -- JM Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that the Shanghai Zhongmin Supply Chain Management Co., Ltd., JM Wowo’s consolidated affiliated entity in China, was granted the “Leading E-commerce Enterprise of Shanghai Award” by the Shanghai Municipal Commission of Commerce. JM Wowo was one of fifty five enterprises nominated for this award at the International E-Shopping Fair which took place in Shanghai on December 1, 2016. Other nominees include: Shanghai Ctrip Commerce Co., Ltd., Suning Commerce Group, Metro Jinjiang Cash & Carry Co., Ltd. and Staples (Shanghai) Co., Ltd. The nomination process is organized by the Shanghai Municipal Commission of Commerce annually to promote e-commerce and local economy development. In order to participate in the nomination, the candidate companies are required to achieve over RMB 10 million (approx. US$1.5 million) in revenue or over RMB 500 million (approx. US$72.7 million) GMV on annual basis. It also requires the candidate companies to employ at least 30 associates with a unique business model to build a successful platform. JM Wowo achieved annual revenue of $11.5 million and its B2B online platform recorded gross billing of RMB 5.5 billion (US$879.0 million) GMV in 2015, outperforming the nomination threshold. As of December 31, 2015, JM Wowo had a total of 285 employees. Ms. Xiaoxia Zhu, Co-chairperson and Chief Executive Officer commented, “As a leading B2B online e-commerce platform, we are honored to be granted the “Leading E-commerce Enterprise of Shanghai Award” along with other outstanding e-commerce companies. This is the second certificate we received from the Shanghai government after the ‘Regional Headquarters Certificate’ in July 2016, both of which are testaments to the development and growth of our B2B supply chain business. We are gratified with such recognition and intend to continue to expand our cooperation with both suppliers and purchasers, optimize our user experience and provide better service to our clients in the food service industry.” JM Wowo currently operates China’s leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the catering industry. With the help of Internet and cloud technologies, JM Wowo has the vision to reshape the procurement and distribution pattern and build a fair business ecosystem in the catering industry in China. JM Wowo is further promoting the use of its platform for small- and medium-sized restaurants and restaurant chains in China. Through cooperation with national and local industry associations and reputable restaurant groups across China, JM Wowo has formed a leading industrial alliance and has great resource leverage in China’s catering industry. JM Wowo works closely with suppliers and customers in the catering industry, providing one-stop procurement services, as well as other value-added services. This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “ought to”, “plan”, “project”, “potential”, “seek”, “may”, “might”, “can”, “could”, “will”, “would”, “shall”, “should”, “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about JM Wowo’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as JM Wowo’s strategic and operational plans, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: The general economic and business conditions in China may deteriorate. The growth of Internet and mobile user population in China might not be as strong as expected. JM Wowo’s plan to enhance customer experience, upgrade infrastructure and increase service offerings might not be well received. JM Wowo might not be able to implement all of its strategic plans as expected. Competition in China may intensify further. All information provided in this press release is as of the date of this press release and are based on assumptions that we believe to be reasonable as of this date, and JM Wowo does not undertake any obligation to update any forward-looking statement, except as required under applicable law.


News Article | November 10, 2016
Site: www.prnewswire.co.uk

Last year, Alibaba broke all records with sales of $14.3 billion on Singles Day. How did it manage it and what's in store this time? BEIJING, Nov. 10, 2016 /PRNewswire/ -- China's Singles Day shopping fest, also known as Shuangshiyi (or 'Double Eleven', since it takes place on November 11), is the world's biggest online shopping frenzy, last year achieving unprecedented success in terms of sales, participation rate, customer engagement and media influence. Company data put the total gross merchandise volume (GMV) on Alibaba's shopping platforms at a record-breaking $14.3 billion (RMB 91.2 billion) in 2015, outpacing 2014's $9.3 billion (RMB 57.1 billion) by a dramatic 60%. This year should be bigger still – but by how much? "I expect lower growth this year, in the range of a 30-50% increase over last year," says Teng Bingsheng, Associate Professor of Strategy at the Cheung Kong Graduate School of Business (CKGSB) in Beijing. "If so," he adds, "it will still be a great achievement." Already significantly bigger than the US shopping festivals of Black Friday and Cyber Monday combined, Singles Day was first invented by Alibaba's Tmall in 2009 and has since grown exponentially, especially as rival companies like JD.com and Suning have joined the fray. But can Alibaba ever hope to "reclaim" this event as its own? "To some extent, people remember that Alibaba initiated the 11.11 shopping festival," says Teng. "However, other brands are quickly gaining their fair share as well. But as long as the whole pie – and Alibaba's own business – both get bigger, it's still good news." "Double Eleven used to last for 24 hours, but this year it will stretch for 24 days," adds CKGSB Associate Professor of Accounting Zhang Weining. "I think Alibaba foresaw that the sales growth rate would slow down this year, in part because more and more e-commerce platforms are running these campaigns and consumers are increasingly attracted to promotions offered prior to the day itself. This new strategy will also ease the pressure on delivery logistics, since sales will be more spread out." But Zhang adds that e-commerce in China has developed so quickly that Alibaba has almost reached its ceiling in this regard and must now look for other areas for growth. "Its potential now lies in three places," he says. "Building an integrated overseas shopping market, promoting internationally brands that are only sold on Alibaba's platforms and exploring the offline market." For More about Alibaba's success, click here. In terms of technology, Chairman Jack Ma, a CKGSB alumnus, claims that Alibaba has the support of a computing system that is "[by] far the most advanced that human beings can realize", with the company able to process a total of 140,000 transactions per second via its cloud arm Aliyun during the shopping peak, while payment arm Alipay processed an additional 86,000 transactions per second at peak sale time. Inspired by Paypal, Ma started Alipay in 2003 to provide an escrow service for the online shopping site Taobao. Split from e-commerce giant Alibaba in 2013, Ant Financial, whose Chief Strategy Officer Chen Long is also a Professor of Finance at CKGSB, expanded at an unprecedented speed in the past three years and now it has an estimated market value of $75 billion. The company also reportedly plans to list in 2017 in either Shanghai or Hong Kong -- likely to be China's largest IPO since 2010 when the state-owned Agriculture Bank of China offered $22.1 billion worth of shares. To read more about Ant Financial's stunning rise, click here. Established in Beijing in November 2002 with support from the Li Ka Shing Foundation, Cheung Kong Graduate School of Business is China's first faculty-governed and independent business school. CKGSB boasts more than 40 full-time professors, who have earned their PhDs or held tenured faculty positions at leading schools such as Harvard, Wharton and Stanford. Their research has provided the basis for nearly 400 case studies of both China-specific and global issues. CKGSB also stands apart for its unmatched alumni network. More than half of CKGSB's 10,000+ alumni are at the CEO or Chairman level and, together, their companies accounted for one sixth of China's GDP in 2015. CKGSB is located in Beijing, Shanghai, Shenzhen, New York, Hong Kong and London. The school offers the following innovative courses: MBA, Finance MBA, Executive MBA, Business Scholars Program (DBA) and Executive Education programs.


News Article | November 10, 2016
Site: en.prnasia.com

BEIJING, Nov. 10, 2016 /PRNewswire/ -- China's Singles Day shopping fest, also known as Shuangshiyi (or 'Double Eleven', since it takes place on November 11), is the world's biggest online shopping frenzy, last year achieving unprecedented success in terms of sales, participation rate, customer engagement and media influence. Company data put the total gross merchandise volume (GMV) on Alibaba's shopping platforms at a record-breaking $14.3 billion (RMB 91.2 billion) in 2015, outpacing 2014's $9.3 billion (RMB 57.1 billion) by a dramatic 60%. This year should be bigger still – but by how much? "I expect lower growth this year, in the range of a 30-50% increase over last year," says Teng Bingsheng, Associate Professor of Strategy at the Cheung Kong Graduate School of Business (CKGSB) in Beijing. "If so," he adds, "it will still be a great achievement." Already significantly bigger than the US shopping festivals of Black Friday and Cyber Monday combined, Singles Day was first invented by Alibaba's Tmall in 2009 and has since grown exponentially, especially as rival companies like JD.com and Suning have joined the fray. But can Alibaba ever hope to "reclaim" this event as its own? "To some extent, people remember that Alibaba initiated the 11.11 shopping festival," says Teng. "However, other brands are quickly gaining their fair share as well. But as long as the whole pie – and Alibaba's own business – both get bigger, it's still good news." "Double Eleven used to last for 24 hours, but this year it will stretch for 24 days," adds CKGSB Associate Professor of Accounting Zhang Weining. "I think Alibaba foresaw that the sales growth rate would slow down this year, in part because more and more e-commerce platforms are running these campaigns and consumers are increasingly attracted to promotions offered prior to the day itself. This new strategy will also ease the pressure on delivery logistics, since sales will be more spread out." But Zhang adds that e-commerce in China has developed so quickly that Alibaba has almost reached its ceiling in this regard and must now look for other areas for growth. "Its potential now lies in three places," he says. "Building an integrated overseas shopping market, promoting internationally brands that are only sold on Alibaba's platforms and exploring the offline market." To read more about Alibaba's success a year ago, click here. In terms of technology, Chairman Jack Ma, a CKGSB alumnus, claims that Alibaba has the support of a computing system that is "[by] far the most advanced that human beings can realize", with the company able to process a total of 140,000 transactions per second via its cloud arm Aliyun during the shopping peak, while payment arm Alipay processed an additional 86,000 transactions per second at peak sale time. Inspired by Paypal, Ma started Alipay in 2003 to provide an escrow service for the online shopping site Taobao. Split from e-commerce giant Alibaba in 2013, Ant Financial, whose Chief Strategy Officer Chen Long is also a Professor of Finance at CKGSB, expanded at an unprecedented speed in the past three years and now it has an estimated market value of $75 billion. The company also reportedly plans to list in 2017 in either Shanghai or Hong Kong -- likely to be China's largest IPO since 2010 when the state-owned Agriculture Bank of China offered $22.1 billion worth of shares. To read more about Ant Financial's stunning rise, click here. Established in Beijing in November 2002 with support from the Li Ka Shing Foundation, Cheung Kong Graduate School of Business is China's first faculty-governed and independent business school. CKGSB boasts more than 40 full-time professors, who have earned their PhDs or held tenured faculty positions at leading schools such as Harvard, Wharton and Stanford. Their research has provided the basis for nearly 400 case studies of both China-specific and global issues. CKGSB also stands apart for its unmatched alumni network. More than half of CKGSB's 10,000+ alumni are at the CEO or Chairman level and, together, their companies accounted for one sixth of China's GDP in 2015. CKGSB is located in Beijing, Shanghai, Shenzhen, New York, Hong Kong and London. The school offers the following innovative courses: MBA, Finance MBA, Executive MBA, Business Scholars Program (DBA) and Executive Education programs.

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