Sanpower Group wins the "Internationalisation Pioneering Award"
Time Published:2015-02-03Source:Author:
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In 2014, Sanpower Group launched a series of M&As at home and abroad, dwarfing other enterprises in the industry and leaving an indelible mark in the history of Sanpower's development. On January 20, 2015, in the "2015 Enterprise Development Summit Forum" and the award ceremony of "Jiangsu Innovative Start-ups", which were hosted by the Xinhua News Agency's subsidiary Modern Express, Sanpower Group won the "Internationalisation Pioneering Award" among the "2014 Annual Excellent Enterprise Awards" for its striking records achieved in the international market. Yue Lei, Vice President of Sanpower Group, attended the ceremony and delivered a speech.
Yue Lei said in his speech that in 2014, Sanpower Group took the initiative to adapt to the new economic normal, conform to the new changes of the development stage, make strategic deployments in pace with the times, and comprehensively accelerate the advancement of internationalisation strategy. With the four-step moves of international development, the Group has vividly elucidated "Sanpower Internationalisation Strategy", vividly practised the "Sushang Spirit" of the new era, as well as vividly embodied the private enterprise's sense of responsibility in the new normal of the Chinese economy.
Move 1: Nanjing Cenbest's acquisition of the UK's oldest department store House of Fraser. Move 2: the acquisition of the USA's largest innovative products chain enterprise Brookstone with Sailing Capital and GE Capital. Move 3: the acquisition of Israel's largest home-based aged-care enterprise Natali. Move 4: the investment in Hongtu ECC Building Materials Trade City in Middle East. Yue Lei said that seen from the four-step moves of internationalisation over the past year, the basic development philosophy of Sanpower's internationalisation is "based on M&As and aided by investments" with its M&A logic being "to achieve complementation and synergy between the existing businesses, and reserve core competitiveness".
Just as there is no easy path to the high peak, so the Group has a long way to go to realise its goal. Yue Lei said that in the new year, Sanpower Group will continue to promote its "Three Fearless's" entrepreneurial spirit, namely, "fearless of toil, fearless of hardships, fearless of tediousness". In addition, it will continue to promote the international development with the determination to win, more open and confident stance, and firmer strides, marching towards the great goal of "Sanpower Dream"!