The World Cup may have finished but its influence lingers. Have you noticed something during the 2018 Russia World Cup? There is a significant amount of Chinese sponsors. More than ever before! In total, there seven Chinese companies that have sponsored the World Cup, spending 835 million US dollars, more than two times of that of American (400 million), and far far more than Russia (64 million).
Why? Why are there so many Chinese companies sponsoring the World Cup this year? Many people point out that it is because China has great relationship with Russia, so China has gotten more brands in this time! Well, although it is true that China and Russia share strategic relations and it may be part of the reason, it is not the most significant reason. The most significant reason is the huge consuming power behind. Jack Ma, the founder and Chairman of Alibaba has repeatedly said on many occasions that China now has more than 400 million middle class people with ever increasing disposable income. It is due to be the biggest consumer market on earth. Chinese people have great passion for football and investing in sponsoring the World Cup means getting access to the Chinese consumers directly and efficiently.
What are these Chinese companies that have sponsored the World Cup? Let us take a look at them one by one.
Wanda is a Chinese multinational conglomerate based in Beijing. It is the world's biggest private property developer and owner of the world's largest cinema chain. Its services include construction, entertainment & media, financial services, health care, high technology, industrial manufacturing, hospitality, real estate development, retail, sports, etc. Its revenue was ¥257.371 billion in 2014 and it has 130,000 employees. The Chairman of the group is Mr. Jianlin WANG (in picture on the left).
Hisense is a Chinese multinational applicance and electronics manufacturer headquartered in Qingdao, Shandong province, China. It is a state-owned enterprise with publicly traded subsidiaries. It was founded in 1969. The main products include TVs, air conditioners, mobile phones, refrigerators, washing machines, etc. The revenue was 15.04 billion US dollars (2013). It has more than 40 subsidiaries.
Mengniu is a manufacturing and distribution company of dairy products in China. It is based in Inner Mongolia. The company was founded 23 years ago by Mr. Gensheng NIU, who was a former employee of Yili, another giant milk company based in Inner Mongolia, which is Mengniu's biggest competitor today. The company is listed in Hong Kong under SEHK 2319. The revenue is US$ 2.04 billion. It has 30,000 staff.
Vivo is a Chinese technology company owned by BBK Electronics that makes smartphones, smartphone accessories, software, and online services. It was founded in 2009 in Dongguan, Guangdong China. The company develops software for their phones such as the Vivo App Store, iManager included in their proprietary Android-based operating system called Funtouch OS. It is now the company with the third biggest amount of sales of mobile phones in China.
5. Yadi 雅迪
Yadi is a Chinese company that manufactures electricity bicycles and other types of vehicles. It was founded in 1997. Yadi has its headquarter in Wuxi city, Jiangsu, China, and has manufacturing bases in Tianjin, Guangdong and Zhejiang. It is the leading company in electricity two-wheel vehicles in the world with its products sold to 52 countries in the world. It has a revenue of 10 billion RMB and 5,000 employees.
6. LUCI 指点艺境
This is a very new company and rather mysterious. Not much information regarding the company can be found online. Reports show that it owns Immerex, a technology company originated from Silicon Valley in America, with products in VR. 指点艺境 was founded in 2015. Its business covers filming investment, film management, film smart solutions, celebrity management, film data, etc. You might not have seen this brand on TV. This is because it is the sponsor of World Cup for the Asia area.
Diking is men's clothing brand that belongs to Monarch Enterprise Group, a company founded in 1994. Its business covers clothing design, manufacturing, fabric manufacturing, leather products, property, finance investment, hotel management, etc. The company has 5500 employees with fixed assets of 1 billion RMB.
Chinese football might be far behind, but Chinese business is right at the very front of the game, more than ever before! In the 1800s, if you want to make a fortune, go to Britain; in the 1900s, go to USA; in the 2000s, go to China.
We just sent you an email. Please click the link in the email to confirm your subscription!
OKSubscriptions powered by Strikingly