国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Why Vivo could be China's first global super-brand

By Siva Sankar (China Daily) Updated: 2015-11-06 09:47

Why Vivo could be China's first global super-brand

The newly launched Vivo X5Max smartphone at a promotional event in New Delhi last year. [Photo/Agencies]

Will smartphone maker Vivo Electronics Corp be China's first super-brand in the mold of, say, Apple Inc of the US, Sony Corp of Japan and Ikea of Sweden? The question might appear a bit premature, even impertinent, but Vivo's maverick approach to business development, bold brand building and global ambitions warrant it.

Brands such as Xiaomi, Lenovo, Gionee and Huawei are more well-known than Vivo outside China. But I see that changing quickly. Vivo, it appears, is playing a different ball game to reach the top of the heap, and is also changing how the world perceives and treats Chinese brands.

Vivo, it is believed, may have splurged some $23 million on a two-year title-sponsorship of the Indian Premier League. IPL is India's pre-eminent shortest-format franchise cricket tournament that features players from most of the cricket-playing world, which spans the two hemispheres and stretches from New Zealand to the Caribbean and the United Kingdom, and hence has global appeal, like the English and Spanish football leagues.

Although both Vivo and the parent of IPL, the Board of Control for Cricket in India, have not officially disclosed the title-sponsorship figure, the assumed $23 million is based on informed media speculation and previous title-sponsorship amounts.

What makes Vivo's investment unconventional is not the amount itself or the two-year duration of the sponsorship. Vivo has rushed in where PepsiCo Inc feared to tread and withdrew its five-year, almost $72-million IPL title-sponsorship two years before the term ended. Pepsi was uncomfortable associating with a tournament that has been rocked by ethical issues and a bruising spot-fixing scandal.

But Vivo's gamble, or strategy, if you will, is based on the understanding that cricket is dear to millions of youth, its target consumer group. Hitch your marketing wagon to the cricket star and, presto, you will have hit bull's-eye.

It is a philosophy made famous by Alibaba-backed PayTM, an online payments and e-commerce player in India. In July, PayTM clinched an over $31-million sponsorship deal till 2019 covering 84 international and domestic cricket matches in India.

So, in choosing cricket, Vivo appears to be on a good wicket. But by choosing IPL that Pepsi deserted, Vivo seems to be unveiling its bold, ambitious, devil-may-care streak.

That streak is also evident in Vivo's heavy investments in offline channels when Xiaomi, Oppo and Gionee, its Chinese competitors in India, are big on online sales. Vivo entered India in December, but it has readied a marketing war chest of $20 million, according to media reports.

But that alone won't make Vivo another Apple, Sony or Ikea. So, Vivo has its sights on both quality and scale. This is where it stands out from other Chinese brands. To be sure, all Chinese brands with a global play have scale, but they are not really known for superior products and efficient after-sales service.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
辽中县| 辛集市| 屯留县| 焉耆| 崇信县| 荥经县| 襄樊市| 南通市| 台南县| 小金县| 平和县| 崇礼县| 金川县| 青州市| 莫力| 博白县| 阿尔山市| 榆树市| 汉源县| 闽侯县| 墨脱县| 临海市| 施秉县| 凉城县| 从化市| 琼中| 襄城县| 治多县| 吉林省| 赤水市| 芷江| 桦川县| 民权县| 扎囊县| 沧源| 萝北县| 南澳县| 措勤县| 津南区| 绥化市| 浦城县|