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NEWSROUNDUP
phone giant Nokia, accusing the company
of monopolizing prices to reap windfall
profits. Meanwhile, at least 40 wholesal-
ers in Shandong have begun a general
boycott of the company. The wholesalers
claim that Nokia’s policies, such as the
heavy fines, not guaranteeing the quality
of products sold outside specific areas,
and dividing sales regions, are an effort to
monopolize prices and the marketplace.
A distributor from Hunan Province said
he is forbidden to sell Changsha county’s
Nokia products in Xiangtan county, even
if the two counties are only 40 kilometers
apart. And if a single cell phone is sold
outside of a distributor’s assigned sales
area, Nokia will fine him 10,000 yuan
($1,460). Distributors can only receive
their commissions if they meet their tar- A Wal-Mart convenience store in
gets within their regions, but the problem Wal-Mart enters convenience
Southern China.
they face is that they can only meet their store market in China
quotas by selling outside their assigned U.S. supermarket chain Wal-Mart has en- and has maintained a low-key approach
sales areas. Nokia said its policy is a way tered Chinas convenience store market by up to now. Both 7-Eleven and Tesco are
to manage unauthorized distribution out- opening three shops in the southern city also getting into the crowded convenience
side a distributor’s sales area. of Shenzhen. Wal-Mart opened the three shopping market which is dominated by
- Xinhua convenience stores as a pilot program, the likes of Lawson and All-Days.
from the Chinese Media Compiled by Carl Pan
Geely acquires DSI in first over- Tsingtao Beer’s brand value
seas acquisition by a Chinese increases to RMB36.6 billion
automaker in 2009 Haiming Liu,
Yi Zhao, China Business News Shanghai Securities News
The completion ceremony for Geely’s A list of Top-500 most valuable Chinese
acquisition of DSI, the Australian auto- brands has been released recently in Bei-
parts maker was held on June 15th, in jing. Tsingtao Beer topped the list with a
Melbourne, Australia. “Auto companies brand value of RMB36.6 billion. The brand
in developed countries getting acquired had a 30 billion increase in terms of brand
by those in developing countries will be a value from 2001 to 2009. Zhiguo Jin,
trend in the reshuffling of the global auto president of Tsingtao Beer Corporation
industry.” Shufu Li, president of Geely told a reporter that “As well as enhancing
said at the ceremony. Geely proposed to the brand’s influence in the market, we
bail DSI out immediately after hearing the want to profit from the rise in the brand’s
news of their bankruptcy, winning the deal premium.”
from 14 other competitors.
www.chainaonline.com JULY/AUGUST 2009 23
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