Prospecting for Chinese Gold
The Athens Olympics had begun two days earlier, but at an exclusive restaurant for sponsors next to the main stadium complex, one table of diners focused on an event 4,700 miles and four years away: the 2008 Beijing Games.
In the air-conditioned comfort of the Olympic Club, executives from General Electric Co. huddled with Beijing's deputy mayor, Liu Jingmin. Mr. Liu oversees the China capital's Olympics-related building projects, which are expected to total $34 billion. For GE, which just signed an eight-year Olympic sponsorship, those plans represent an opportunity to sell everything from power generators to water purifiers.
The small talk -- "We complimented him on the success of China's Olympic team," says Mark Lewis, executive director of GE's Olympic sponsorship program -- belied big ambitions. Since these Games began, Mr. Lewis has met with more than 100 Chinese executives and government officials in Athens, giving what he calls his "Disneyland tour" of Olympic infrastructure. Instead of gymnasts and track stars, he's been showing off lighting installations and security systems -- the kind of gear GE hopes to sell to Beijing. "We've walked them around and showed them what it all means," he says.
ATHENS 2004
? Complete coverage of the Summer Olympics 2004.
? Built to Last?: What happens to stadiums after the Olympics end?
? Securing the Games: Explore the rising costs of Olympic security.
? Faster, Higher, Stronger: See how Olympic drug testing works, the penalties for violations and some famous doping cases.
? View a photo gallery of the day's highlights.
QUESTION OF THE DAY
How much Olympics coverage have you watched?
GE isn't the only company courting the Chinese here. Other major sponsors of the International Olympic Committee, including Visa, McDonald's and Coca-Cola, see the vast, growing China market as the mother lode of sports sponsorship. Greece's population is a bit less than 11 million; China's is over 1.2 billion.
"The Olympics will help drive the relevance of our restaurants," says Jackie Woodward, McDonald's vice president of global brand business. And the number, too: from about 600 now, McDonald's aims to have 1,000 restaurants in China by 2008.
The opportunity is generating marketing records. The IOC has raked in $866 million from its 11 global sponsors for the quadrennium that includes Beijing, up 31% from the 2001-2004 cycle. The Beijing Organizing Committee is doing even better, selling national sponsorships to international and Chinese companies for up to $100 million apiece.
GE booked $2.6 billion in revenue in China in 2003; it wants to increase that to $5 billion by 2005. So it's taking every opportunity to promote its link to the Beijing Games. In May, Chief Executive Jeffrey Immelt attended a signing ceremony at the Great Hall of the People to commemorate the company's role as an IOC sponsor, even though the formal deal had been signed a year earlier.
Playing the Credit Card
Visa executives took Bank of China officials on a stroll through downtown Athens. They weren't sightseeing or shopping; the goal was to show the bankers how many stores accept credit cards. "We went to Carrefour, to the Olympic superstore, to ATMs," says Li Sheng, a Visa International vice president.
Only about 10% of merchants in Beijing accept credit cards. Visa wants to boost that to more than 75% before the Olympic torch is relit. Persuading Chinese banks to get stores and restaurants wired for credit is crucial. "There is a long way to go for us," says Mr. Li.
That's also true for Chinese companies that are hoping Olympic sponsorship will provide a shortcut to greater brand awareness both at home and abroad. "It's not easy, especially for a Chinese company, to build a world-wide brand," says Alice Li, a spokeswoman for Lenovo Group, China's largest computer maker and the first Chinese company to sign on as a world-wide IOC sponsor. "The five-ring logo definitely leverages our brand image world-wide."
She says Lenovo executives have studied the success of South Korea's Samsung, which used its Olympics sponsorship to help it become a major player in global telecommunications and mobile-phone markets. Lenovo dispatched a flotilla of marketers and brand consultants to soak up all they can in Athens.
Yuan Bin, the Beijing Organizing Committee's deputy director of marketing, has spent much of her time here giving Chinese companies their first exposure to international marketing.
"Some of these companies have sponsored a table-tennis tournament before, but this is quite different," she says. She took them on stadium tours, explained IOC rules -- such as a "clean venue" provision barring corporate logos in certain places -- and took them through corporate hospitality tents. "We have to learn everything," she says.
One lesson: Avoid the empty seats in vast Olympic complexes that have marred the image of the Athens Games. The world's television broadcasters have badgered the IOC to round up schoolchildren or soldiers to fill seats and provide a livelier viewing background. The IOC now is prodding international sports federations to tone down their demands for ever-fancier stadiums for their sports.
High ticket prices also are a concern. Sead Dizdarevic, whose U.S.-based Jet Set Sports controls much of the market for Olympic ticket and hotel packages, says prices for premier events in Athens were much too high, resulting in huge numbers going unsold. Organizers wouldn't allow discounting. And the Greek government, which is struggling to recoup the $8.5 billion it spent on the Games, didn't buy surplus tickets for government workers, as Australia did in Sydney in 2000. Mr. Dizdarevic says high hotel prices also kept visitors away. "We argue all the time, 'Too high, too high.' Some day they'll believe me."
China's Hualian Supermarket H1 net profit down 4.84 pct yr-on-yr
BEIJING (XFN-ASIA) - Hualian Supermarket Co Ltd (SHA 600825) said its first half net profit fell 4.84 pct year-on-year to 28.62 mln from 30.08 mln yuan as intense competition squeezed gross margins.
The Shanghai-listed company said total revenue rose 0.36 pct on a yearly basis to 1.98 bln yuan.
Gross margins for its service business plunged 79.22 pct year-on-year, while gross margins for its retail operations fell 0.38 pct from a year earlier.
During the six-month period, the company raised 600.38 mln yuan through an issue of an additional 64.58 mln A-shares to fund the construction of 20 new outlets in 13 major cities.
The share issue raised the total number of shares on issue to 103.15 mln.
The company did not provide an earnings forecast for the second half.
Earning per share fell to 0.131 yuan from 0.195 yuan a year earlier.
赞助商盯上北京奥运会
在雅典奥运会刚刚进行了两天时,雅典主会馆附近一个专门接待奥运赞助商的餐馆里,一群进餐者就已将目光投向了万里之遥的北京,四年后在那里将召开2008年北京奥运会。
在奥运俱乐部里,通用电气(General Electric Co.)的管理人士与北京市副市长刘敬民进行了私下会谈;刘敬民同时也主管著预计总价值340亿美元的北京奥运相关建设项目。对于刚刚签署了8年奥运会赞助协议(从明年起生效)的通用电气,这些建设计划无疑意味著从发电到水净化设备等诸多无可比拟的销售机会。
此次会谈显示了通用电气的志在必得,通用电气奥运赞助计划的执行董事马克?刘易斯(Mark Lewis)表示。自从雅典奥运会开始后,刘易斯在雅典陪同100多位中国官员和高管人士进行了他所谓的奥运会基础设施“一游”。这可不是带他们去看冉冉升起的体操或径赛明星,而是展示各种灯光、安全系统等设备,通用电气希望将这些设备也卖到北京去。刘易斯每天大约要花5个小时的时间来陪伴这些潜在的奥运会客户。
当然,在雅典奥运会的篇章逐渐翻过去后,并非只有通用电气觊觎中国这个市场。国际奥委会(International Olympic Committee)的其他主要赞助人,如威士国际组织(VISA International)、麦当劳(McDonald's Corp., MCD)和可口可乐公司(Coca-Cola Co., KO)等,也将庞大的中国市场视为体育赞助的“金矿”。他们希望凭藉自己与奥林匹克的深厚关系,能在中国积极组办2008年奥运会带来的商机竞争中获得大幅优势。
“普通消费者将能通过我们接触到奥林匹克,”麦当劳全球品牌副总裁杰克?伍德沃德(Jackie Woodward)表示,“奥林匹克将有助于提升我们连锁店的地位。”麦当劳计划到2008年将中国连锁店的数目从现在的约600家左右增至1,000家。
进入这个全球增长最快的市场的前景,所带来的吸引力正在创造新的营销纪录。针对包括北京奥运会在内的4年期,国际奥委会已从11个全球赞助商处获得了8.66亿美元,较目前的4年期高31%。但北京奥组委(The Beijing Organizing Committee)做的更好,其国内赞助商地位以每家1亿美元的价格卖给了国内外企业,甚至超过了全球赞助商支付给国际奥委会的价格。
国际奥委会营销委员会主席吉哈德?海伯格(Gerhard Heiberg)称,北京“是迄今为止赞助商最感兴趣的地方之一,所有人都将中国视为最大的机会。”比如,通用电气2003年在中国录得26亿美元收入,希望到2005年收入能增至50亿美元。为此,该公司正在利用每个可能的机会强调其未来对北京奥运会的赞助商地位。今年5月,通用电气首席执行长杰弗瑞?伊梅尔特(Jeffrey Immelt)在中国人民大会堂出席了一个签字仪式,庆祝该公司成为国际奥委会的北京奥运会赞助商,虽然正式协议已于一年前签署完成。
威士国际组织的管理人士带著来自中国银行(Bank of China)的官员在雅典市中心巡游。他们并不是在观光,也不是购物;目的只是为了给中国银行的官员们展示有多少商店接受信用卡。“我们去看了家乐福(Carrefour),看了奥林匹克超级商店,看了自动取款机,”威士国际组织副总裁李胜表示。
中国目前有300万威士卡可在国外使用。威士国际组织希望到2008年这个数字将升至5,000万。但它也面临挑战。在北京,目前只有10%左右的商家接受电子货币。威士国际组织希望到2008年奥运会时这个比例能升至75%以上。说服中国国内银行让当地商店和餐馆安装信用卡终端是其中的关键。
这对中国公司也是如此,他们正在纷纷跳上奥运会赞助这驾马车,视其为提升品牌知名度的一条捷径。“打造全球品牌可不容易,特别是对一家中国公司来说,”中国最大的电脑制造商联想集团(Lenovo Group)的发言人李岚(Alice Li)表示。该公司最近成为了国际奥委会第一家中国全球赞助商。“奥运五环标志显然有助于提升我们的全球品牌形象。”
李岚表示,联想管理层已对韩国三星电子(Samsung Electronics Co.)的成功进行了研究,该公司借助奥运赞助商地位成为了全球电信和手机市场的主要竞争者。因此,联想已派遣了专门的营销人员和品牌顾问前往雅典学习。
每次奥运会都为下一次提供了学习的机会。中国迅速增长的市场所具有的规模更是使雅典成为了一个硕大的教室。北京奥组委市场开发部副部长袁斌在雅典把大量的时间用在了帮助中国企业的首次国际亮相。
袁斌说:“以前虽然也有些中国公司会赞助一场乒乓球赛,但现在有很大的不同。”
一些观察人士坚持称,应考虑到票价因素。总部位于美国的Jet Set Sports承接了大部分的奥运会票务和酒店预定业务,该公司的迪兹代尔维克(Sead Dizdarevic)称,雅典热门赛事(如体操、田径、游泳和跳水等)的票价明显定价太高,有许多票都没有售出。他说,难以收回70亿欧元(合84.6亿美元)奥运会投资的希腊政府没有购买足够的富余票发放给政府雇员,就像澳大利亚政府于2000年悉尼奥运会时所做的那样。
迪兹代尔维克表示,高昂的酒店价格也让许多人望而却步,特别是那些原打算举家前往的。“我们一直在说,定价太高了,太高了,”他说,“总有一天他们会相信我的话。”
北京的组织者们听到了迪兹代尔维克的声音。“我与国际奥委会及其他方面讨论了为什么会发生这样的情况,以及如何才能避免这种情况的出现,”北京奥组委的袁斌称。她将把这个信息带回北京:不管是赞助、酒店还是赛事票价,她说,“你都必须定价合理”。