ONE NATION UNDER GOD: SM takes secondary cities route in China expansion

BREAKING NEWS: Duterte: Bongbong could be our new VP | todaysupdateph

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BEIJING, China - President Rodrigo Duterte on Wednesday introduced former Senator Bongbong Marcos to the Filipino community in Beijing, China as the next vice president-- that is if he wins his electoral protest.</h3>
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<br />Marcos and his sister, Ilocos Norte Governor Imee Marcos, were sharing the same stage where the president was speaking.<br /><br />Duterte introduced Marcos saying he would be vice president if he wins his election protest.<br /><br />"Si Bongbong, kung manalo siya sa protest niya, baka bago ang ating bise president," Duterte said before members of the Filipino community in Beijing.<br /><br />(Bongbong, if he wins the protest, would be our new vice president.)<br /><br />Marcos lodged an election protest against Vice President Leni Robredo on June 29, just a day before the outgoing Camarines Sur congresswoman assumes the second-highest office in the country. <br /><br />He claimed that massive and "blatant" fraud took place, paving the way for the administration candidate to win the vice-presidential race.<br /><br />The son and namesake of the late strongman Ferdinand Marcos lost to Robredo by around 200,000 votes. <br /><br />Duterte has openly expressed his support to Marcos and the family of the late dictator.<br /><br /><br /><br /><br />SOURCE: <a href="http://news.abs-cbn.com/news/10/19/16/duterte-bongbong-could-be-our-new-vp">ABS-CBN</a></div>

BREAKING NEWS: Duterte: Bongbong could be our new VP | todaysupdateph

BEIJING, China - President Rodrigo Duterte on Wednesday introduced former Senator Bongbong Marcos to the Filipino community in Beijing, C...

LIVE NOW: Duterte addresses Filipinos in Beijing | todaysupdateph

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LIVE NOW: Duterte addresses Filipinos in Beijing | todaysupdateph

Duterte addresses Filipinos in Beijing NDRRMC Briefing on Typhoon Lawin SM takes secondary cities route in China expansion WORLD NEWS LIVE NOW: Duterte addresses Filipinos in Beijing | todaysupdateph

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WATCH: SM takes secondary cities route in China expansion | todaysupdateph

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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlpcBkflna_zx6B7-o3NnVTZCAFEp7Uy6h0rfBgf9FJGCpRGirMutxPERXcdggJ_cU1JAWBBneU68Gcpkh5nkM3ro9GRmU7WQTw04xBB-otHgoVRKWs6ahv6JikukoqPmgB-THN4Qlc-w/s1600/Screenshot_4.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="MANILA – SM Supermalls hopes to slowly introduce mall culture to China by expanding in second-tier cities, a company official said Wednesday, as President Rodrigo Duterte’s visit to Beijing this week is expected to rekindle ties that have been strained by a maritime dispute." border="0" height="171" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlpcBkflna_zx6B7-o3NnVTZCAFEp7Uy6h0rfBgf9FJGCpRGirMutxPERXcdggJ_cU1JAWBBneU68Gcpkh5nkM3ro9GRmU7WQTw04xBB-otHgoVRKWs6ahv6JikukoqPmgB-THN4Qlc-w/s320/Screenshot_4.jpg" title="WATCH: SM takes secondary cities route in China expansion | todaysupdateph" width="320" /></a></div>
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MANILA – SM Supermalls hopes to slowly introduce mall culture to China by expanding in second-tier cities, a company official said Wednesday, as President Rodrigo Duterte’s visit to Beijing this week is expected to rekindle ties that have been strained by a maritime dispute.</h3>
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SM Supermalls Tianjin, the company’s seventh in China and the biggest in its portfolio including the Philippines, will open in December, said senior vice president Steven Tan.</div>
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“Here in the Philippines I see that if you build it they will come. There, you really have to also educate them, the malling culture,” Tan told ANC’s “Market Edge with Cathy Yang.”</div>
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Tan said SM has increased the number of restaurants in its malls to 30 percent of total stores to create a malling “lifestyle” and wean consumers away from “high street” shopping.</div>
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“I think SM will be facing challenges as they will have to educate the Chinese market as to how they would be enticed to go into the malls,” said Regina Capital analyst Paul Angelo.</div>
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Given the company’s resources, Angelo said, “I believe they can push through with that.”</div>
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SM opened its first mall in China in Xiamen in 2001, followed by Jinjiang, Chengdu, Suzhou, Chongqing and Zibo. Tan said opening in cities othern than Beijing and Shanghai is cheaper and will allow SM to establish itself as the market leader in the area.</div>
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“That’s why we go into slowly but surely,” Tan said, citing a similar strategy in the Philippines where the second supermall after SM North Edsa opened in the late 1980s did not come until several years later.</div>
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SM is controlled by the country’s richest man, <strong>Henry Sy</strong>, who hails from China.</div>
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SOURCE: <a href="http://news.abs-cbn.com/business/10/19/16/sm-takes-secondary-cities-route-in-china-expansion">ABS-CBN</a></div>
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WATCH: SM takes secondary cities route in China expansion | todaysupdateph

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MANILA – SM Supermalls hopes to slowly introduce mall culture to China by expanding in second-tier cities, a company official said Wedne...