On November 17, Sean Stein, the newly-appointed Consul General of U.S. to Shanghai hosted a reception luncheon in Shanghai and a forum on investment in the United States. Jing Tian, Vice President of Sanpower Group, was invited to attend and participated in the colloquia to share the "Sanpower logic" of the Sanpower Group's investment in the United States.

 

 

At the opening ceremony, Sean Stein, the Consul General delivered the opening speech. He said: the 19th CPC National Congress and President Trump's visit to China laid a solid foundation for the good relations between China and the United States. The Sino-American investment relations are even more important. After elaborating on the friendly business environment, intellectual property rights protection environment, efficient labor and low-cost energy and other feel good factors, he encouraged the enterprises from China and the United States to enhance exchanges, deepen their understanding and realize free, fair and mutually beneficial two-way investment. In his speech, Sean Stein made a special mention of the Sanpower Group and quoted two cases of Brookstone and Dendreon successfully operated by Sanpower in the United States. He said that Sanpower's acquisition in the United States is in line with the mutual benefit and win-win result in Sino-American economic and trade relations and is a typical example which has created tremendous social value for the United States.

Later, Kenneth Jarret, President of the American Chamber of Commerce in Shanghai, elaborated on the historical review and future prospects of Chinese enterprises’ investment in the United States and analyzed the geographical distribution, industry distribution, capital size and policy implications and other megatrends of Chinese investment in the United States. On behalf of the American Chamber of Commerce in Shanghai, he expressed his support for Chinese enterprises to invest in the United States and expressed his high-level confidencein Sino-American investment.

As guest of the first seminar, on behalf of Sanpower Group, Jing Tian,  put forward the Sanpower logic and Sanpower opinion on "What are the key success factors for investing in the United States." He said, the rapid overseas development of Sanpower Group followed a simple logic that under the precondition of maintaining the strategic direction of Sanpower Group, Sanpower "defines the future with future", leverages the world's advanced experience, purchases the object which is mutually synergetic with the existing industries in Sanpower, promotes industrial restructuring and helps the development of substantial economy. In 2015, Sanpower Group acquired Brookstone from the United States, combined its novelty with the development trend of Chinese retail industry and established physical stores of Brookstone in major cities and airports to facilitate the new retail transformation and upgrading of Sanpower Group. The overseas merger and acquisition experience also allows Sanpower Group to gradually enter into the trend industry - life science and healthcare. The purpose of Sanpower in the field of life science and healthcare is "nurturing life, curing the sick, nursing the elderly". Following the same logic of development, after purchasing cord blood banks, home-based care for the aged and nursing companies, telemedicine, genetic testing and other industries, Sanpower Group began to enter the field of high-end biomedical industry. Provenge, the first and only immunization therapy approved by FDA of U.S. and delivered at end of June is deeply integrated with Sanpower Group's new health industry, aiming at the development of precision medicine. At present, Sanpower Group strives to promote Provenge’s launch in the Chinese market and hopes to benefit the prostate cancer patients in China.