Welcome Guest Login or Signup
LIVE CHAT | INSTANT MESSENGER | BOOKMARK
| LANGUAGE:
 

     


        
FORUM
     
 
Category: Activities
Type: Public
Created: Jul 10, 2018
Members: 1
Views: 21
Location: beijing , Afghanistan
Group Creator:
venynx OFFLINE
Chinese brands are big winners from World Cup


Chinese brands are big winners from World Cup



CHINESE brands are using the World Cup to reach viewers at home. But many also see it as a way to enter new markets.To get more chinese financial news, you can visit shine news official website.

From stadiums across Russia, pitchside advertising displays, beamed worldwide on television, carry many messages in Chinese, undecipherable to most viewers, and unfamiliar Chinese logos leavening a diet of German sportswear and American soft drinks.

Also notable have been crowds of Chinese fans, getting into the spirit of Russia 2018 — even though China didn’t qualify. Before the tournament, Chinese bought more than 40,000 tickets, two thirds as many as Germans and more than the English.

Eli Lavi, deputy general manager in Russia for consumer electronics maker Hisense, said sponsoring FIFA’s World Cup was part of a strategy to build the brand abroad.

“Hisense’s future lies outside of China,” he said. “In China ... they are No. 1 in TV and a very well-known brand, and 10 years ago they decided to reach out the worldwide market.”

Andy Sutherden, global head of sports and partnership marketing at Hill and Knowlton Strategies, said of this year’s World Cup: “It is the march of the Chinese brands and the millions of fans that are becoming more and more attracted to football.”

At Nielsen Sports, which tracks sponsorship money going into FIFA, global managing director Glenn Lovett said Chinese interest has helped FIFA President Gianni Infantino offset a drop in income elsewhere following the corruption scandal which felled his predecessor Sepp Blatter.

Nielsen Sports calculated that FIFA has exceeded budgeted revenue, by US$200 million, to reach US$1.65 billion in sponsorship income for this budgetary cycle.

“An increase in investment from Chinese companies this World Cup cycle has helped FIFA to exceed its initial sponsorship revenue expectations,” Lovett said. “China is an increasingly important market for FIFA. With interest around the sport in China growing, it is unsurprising that more Chinese brands are engaging with the World Cup.”

FIFA last month awarded the 2026 competition hosting rights to the United States, Canada and Mexico, after Gulf emirate Qatar in 2022. With the organization targeting 60 percent of the world’s population involved in the game — and 20 percent of the world living in China — cooperation will be key.

Hisense is one of three Chinese firms that FIFA lists among five World Cup sponsors, the others being smartphone maker Vivo and dairy firm Mengniu — none comparable in recognition terms with the two other sponsors, Budweiser and McDonald’s.

Others, such as menswear brand Diking, have regional deals with FIFA, while at the upper end of the payment scale, real estate conglomerate Wanda is among seven “global partners” of soccer’s world governing body. Its adverts have become a familiar feature at the Russia World Cup.





*** Afrozmeet.com ***