edblad chinese marker plan from mia
TRANSCRIPT
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Chinese market
development plan
for EdbladYITINGWANG 2016
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ChineseMarketfacts
customerown
productsstrategy
Agenda
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1/ Chinese market facts
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1/ Chinese Market facts
Chinese market retail sales rose steadily:11.48 billion RMB in 2008 ; 18.39 billion RMB in 2011; 26. 20 billion RMB in 2014
Sources: CHINESE RETAIL MARKET: REAL POTENTIAL TO BECOME THE GREATEST WORLDWIDE BEFORE 2020
2011 2012 2013 2014 2015 2016 2017 2018
estimate prospects
China 9.1% 8.7% 9.3% 8.8% 8.7% 8.6% 8.0% 7.9%
Hong Kong 18.6% 5.5% 6.6% 3.1% 2.0% -1.0% 0.4% 1.3%
Taiwan 3.6% 0.6% 2.5% 2.9% 2.5% 2.4% 2.7% 2.3%
Japan 0.1% 1.5% 0.7% 0.2% 0.0% 0.3% 0.4% 0.8%
Growth rates of retail sales in some Asian markets during 2011-2018
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Chinese jewelry market is more impressive:
“In 2014, The Global Jewelry Sales Reported USD157 Billion, Of Which, China
(Mainland And Hong Kong) Contributed Retail Sales Of USD 80.7 Billion
Sweeping A Global Share Of 51.4%”
jewelry in China grew in current retail value terms by 5% in 2015, rising to USD
91.02 Billion .
2015 fall, Pandora’s revenue in the Asia market•Mainland 30%
•Hong Kong 30%
personal appearance;crucial fashion ;premium jewelry-- investment tool
Resources: http://www.researchandmarkets.com/research/vm39ff/global_and;http://www.euromonitor.com/jewellery-in-china/report
1/ Chinese Market facts
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Chinese market review 2015:
2015 fall, Pandora’s revenue in the Asia market•Mainland 30%
•Hong Kong 30%
Resources: Pandora 2015 company statement
1/ Chinese Market facts
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Market
Steady
PotentialCustomer
Who, Where
Requirement
Preference
2/ Target customers
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2/ target customers
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2/ Target customers analysis
Date collection:
questionnaire to 18 female
Data analyses
a) Age: 94% age 24-30
b) Education: 88.24% > Bachelor
c) Region: Shanghai, Beijing, Hong
Kong, Xiamen, Shenyang, Dalian
d) Channel: 82.3% through Wechat17.65%
58.82%
17.65%
5.88%
<3000
3000-
6000
7000-
12000
>12000
income/month
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65%,
Types of charms
korean style
europe& us style
no limination
others
65%,
Yearly costs on
charms
<1000 1000-3000
3000-5000
77%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Channels buy charms
2/ Target customers analysis
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48%
35%
18%,
Price & Design
will buy if extremely like
buy it easily
will buy when on sale
don’t like it at all
2/ Target customers analysis
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frequently consumed brand?
a) Price 50-200: H&M, Ajidou, Natkiel
b) Price 500-1500: J.ESTINA, Swarovski, Agatha, Tous,
c) Price >1500: Pandora, Tiffany, Channel, I do, Choutaifook
most precious jewelry?
a) Average price 3600
2/ Target customers analysis
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3/ Edblad’s Strengths
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1/QualityFine artShiningNever loose color
3/ Our product& brand value
2/DesignSimpleClassicalLow-keyBasicMulti-match3/ Added value
SpiritStory behindfoundersCustomers involved
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4/ Statics& Strategies
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4/ Chinese market entrance strategy
online shop of TMALL and JD
JD-the 2nd biggest store saw $71b in
purchases last year
OFFCIAL ONLINE shop with the
website
Resources: https://www.techinasia.com/jd-gmv-2015-omg-wtf-bbq
Online
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Resources: https://www.techinasia.com/jd-gmv-2015-omg-wtf-bbq
Offline-Brick and mortar
Pop-up shops in Shanghai ( Tianzifang)& Beijing ( Nanluoguxiang)
• Typical Hutong/ Longtang culture & mixed international culture
• High passengers flow
• petit bourgeois
CBD shopping mall
• Local center for white-collars
• One stop shopping
4/ Chinese market entrance strategy
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① Weibo=twitter and tumblr
• 222million MAU (monthly active users) (2015, 9)
② Wechat= combination of facebook and instagram
• 600million MAU (2015.8.12)
③ Meipai video& on-live
• Next trend after weibo and wechat
• Total accounts140milion, 45 million MAU (2015,5)
Resources: http://data.weibo.com/report/reportDetail?id=297 ; http://chairmanmigo.com/wechat-user-data-infographic/;http://tech.ifeng.com/a/20150812/41417209_0.shtml
Marketing- social media
4/ Chinese market entrance strategy
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Resource: https://www.techinasia.com/search?query=wechat
Funny facts about China’s Internet
What is happening every 1 minute on China’s Internet ……” “
Weibo WeChat T-mall
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5/ Market Tipping Point
Cooperation with stars
Example: ACNE STUIDIOS & HAPPYSOCKS
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Cooperation with potential idol
deeper spirit inside of our charms, more value
symbols
Wang Xiao
• Writer; Entrepreneur; fashion icon; Female leader
Her fans
• high quality customer
• Stable, rational, strong loyalty
5/ Market Tipping Point
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Work hard
Warm family
Strong network
withCosmopolitan fashion
circle
Healthy lifeFan
s
gala464127
Care & love Deserve fancy
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6/ Cooperation with JNBY
Cooperation Methods:
• Shop-in-shop
• Period / Theme (charity)co-operation
Complementary economy
Aim: fast positioning our brand in a new market
Why JNBY
• overlapped target customers
• Share similar value
• Products commitment
• Good reputation
• Pandora× Disney / Choutaifook×
• Chinese company founded in
Hangzhou since 1994
• 41 stores in more than 10
countries
• Paris(Lafayette), New York
( Soho), Dubai, Spain, Japan,
Canada, etc.
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6/ Cooperation
with JNBY
http://s.weibo.com/weibo/JNBY?topnav=1&wvr=6&b=1
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Why me?
Passion
Value
Cooperation
Saturated in design
Better understanding on the products and customers
Chinese market knowledge and contact
Professional consultant company experience
Jewelry experience in Nepal and Beijing
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Thank you!