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China Dongxiang Announces Annual Results FY2020/2021 Revenue Increases by 27.8% to RMB1,970 Million

Direct Franchised Reform Bears Fruit

Overall Business Achieved Healthy and Stable Development

Results Highlights

(RMB million)

For the twelve months ended 31 March

FY2021

FY2020

Change

Revenue

1,970

1,541

+27.8%

Gross profit (before reversal of/ provision for impairment of inventories)

1,292

1,023

+26.3%

Gross profit margin (before reversal of/ provision for impairment of inventories)

65.6%

66.4%

-0.8ppt

Operating profit

2,070

530

+290.6%

Operating profit excluding gains of investment segment

59

-18

N/A

Profit attributable to owners of the Company

1,811

366

+394.8%

Basic earnings per share (RMB cents)

30.88

6.25

+394.1%

Recommended total dividend per share (RMB cents)

10.77

4.36

+147.0%

HONG KONG SAR – Media OutReach – 23 June 2021 – The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. (“China Dongxiang” or “the Company”, together with its subsidiaries, “the Group”, HKEx stock code: 3818), announces its annual results for the twelve months ended 31 March 2021 (the “Reporting Period”). The Group’s revenue reached RMB1,970 million for the Reporting Period, representing a growth of 27.8% year-on-year (yoy). Profit attributable to owners of the Company was RMB1,811 million, representing an increase of 394.8% yoy. Basic earnings per share increased by 394.1% yoy to RMB30.88 cents. The Board of Directors has proposed to distribute 35% of the profit attributable to owners of the Company for the twelve months ended 31 March 2021 as full-year dividend.

Operational Highlights

Intensive cultivation focusing on China market

During the Reporting Period, domestic consumer sentiments gradually improved as the pandemic has come under control, accelerating the growth of new trend in online purchasing. The Group seized the opportunities with the implementation of delicacy operation in three dimensions of big logistics, retail localization and product sales, strengthening management of localized sales teams, driving digitalization of the omni-channel and uplifting the professional competence of product management teams. It further speeded up inventory turnover of omni-channel, enhanced channel control and swiftly responded to market, bringing great improvement in operational efficiency. During the Reporting Period, the Group reported stable growth in the performance of outlet stores and shopping malls. As at 31 March 2021, the Group had a total of 1,170 Kappa stores (excluding Kappa Kid’s stores), representing a net increase of 41 stores as compared to last year.

Delivering brand connotation by focusing on minority sports activities

In terms of brand marketing, the Group continued its cross-sector collaboration with IP and celebrities, incorporating latest trends and cultural ideas into the brand, delivering the brand spirit of “Never Settling for the Mediocre; Never Compromise”. This included the Halloween AI Series in collaboration with young domestic artist Cao Yu (曹羽); teamed up with Mak Ling Ling, a well-known Feng Shui master in Hong Kong, to launch the 2021 CNY “Kappa Fortune” series, increasing its brand exposure. The Group will swift its brand focus back to sports and target the younger generation as its customer group. Focusing on niche and high-end sports, the Group partnered with Chinese Equestrian Team, National Fencing Team and Skateboarding Team to open up opportunities arising in middle- to high-end sports market segment.

Embracing the new era with ongoing digitalized omni-channel model

With the pandemic gradually recovering and reviving customer traffic, the Group’s digitalization and omni-channel reform has become evident. During the Reporting Period, the Group’s e-commerce has achieved stable growth, with digitalization and omni-channel operation remained as its strategic focus. In addition to maintaining its competitiveness on mainstream platforms, the brand also actively explored new emerging platforms, such as Xiaohongshu, Pinduoduo and Douyin, demonstrating the Group’s versatile marketing strategies of targeting younger customer groups. On the other hand, the Group optimized its SCRM membership system, cloud storage and smart store system to facilitate the integration of omni-channel. E-commerce business recorded a 31.7% growth for the full year.

To better focus on its business in China market, subsequent to the disposal of the trademark of “Kappa” Japan in July 2020, the Group also decided to license the “Phenix” brand to franchised operators. This allows the Group to dedicate all of its resources and marketing efforts to the development of its core brand in China market.

Investment segment performs well with diversified portfolios to spread risk

During the Reporting Period, the Group reported a net asset value of RMB10,518 million for its investment segment, representing growth of 10.1% as compared to the same period last year, with investment gains amounted to RMB2,095 million. In the future, the Group believes that investment segment will generate stable and sustainable return for shareholders with prudent investment strategies and outstanding investment partners.

Mr. Chen Yihong, Chairman and Executive Director of China Dongxiang, said, “The pandemic brought enormous challenges to the industry, but also presented unprecedented opportunities to sportswear brands in China. The post-pandemic change in consumption preference has indirectly driven the demand for sportswear products. The Group successfully navigated the situation with the brand spirit of innovation and “Not Settling for the Mediocre”, achieving fruitful results. Looking forward, the Group is fully confident in the prospects of China’s economy and sportswear industry. With a number of international sporting events coming up, the Group will seize the market opportunities ahead, striving to achieve record-high results. The Group will continue to take profitability at the core, and collaborate with outstanding partners in quality projects with a global vision, generating stable and sustainable returns for our shareholders.”

About China Dongxiang (Group) Co., Ltd. (Stock code: 3818)

China Dongxiang (Group) Co., Ltd. is a leading international sportswear brand enterprise in China which has been listed on the Main Board of the Hong Kong Stock Exchange since 10 October 2007. The Group is primarily engaged in the design, development, marketing and wholesale of branded sportswear in China. Currently, China Dongxiang owns all rights to the internationally renowned Kappa brand in Mainland China and Macau. Since April 2008, the Group became the owner of the brand Phenix. Phenix is a well-known skiing brand in the international market.

#ChinaDongxiang

Invasive Disease and Illness Linked to Consumption of Raw Freshwater Fish in Southeast Asia

Invasive Disease and Illness Linked to Consumption of Raw Freshwater Fish in Southeast Asia
The consumption of raw freshwater fish, a staple diet for millions of people in many parts of Southeast Asia, is coming under closer scrutiny after the detection of a foodborne hazard in several countries of the region, prompting a warning by food safety experts at the Food and Agriculture Organization of the United Nations (FAO) and others.

Trend Micro Vision One Stops Threats Faster, Streamlines Operations and Cuts Costs

Customers have experienced 79% savings when consolidating vendors with an extended detection and response solution

HONG KONG SAR – Media OutReach – 23 June 2021 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced new analyst research that reveals organizations using Trend Micro Vision One, its extended detection and response (XDR) solution, benefit from enhanced security effectiveness, business enablement and cost reduction. Vendor consolidation, automation, more efficient triage and investigation and fewer successful attacks could enable cost savings of 63% for Trend Micro Vision One customers and 79% by leveraging Trend Micro’s Managed XDR service.

Access the full report from The Enterprise Strategy Group (ESG): Analyzing the Economic Benefits of Trend Micro Vision One here: https://resources.trendmicro.com/ESG-Economic-Validation-Report.html

Threat detection and response has become increasingly challenging as cyber risk continues to evolve. More sophisticated and widespread attacks combined with uncorrelated data, a general lack of visibility, and an overwhelming number of alerts puts security teams without XDR capabilities at risk.

ESG found that, “Organizations using the XDR capabilities of Trend Micro Vision One can eliminate siloed views and processes, reduce cybersecurity complexity, pursue new opportunities more confidently, and reduce spending on security products.”

“Once we ripped and replaced our previous solutions with Trend Micro, we saw immediate improvements in performance. I never looked back after that,” said Michael Perez, network administrator for Fabens Independent School District. “It has saved me unlimited amounts of time and money because we have not been successfully attacked. Since deploying Trend Micro solutions, we’ve been stronger than ever. Trend Micro was built to do security.”

Trend Micro Vision One goes beyond XDR by analyzing and correlating security telemetry from endpoints, servers, cloud workloads, emails, and networks—enabling SOC teams to prioritize and respond to threats more effectively. Current customers have benefitted from:

  • Security effectiveness: “The reduction in complexity has led to a reduction in human-caused errors of over 25%. This gives us faster detection and remediation,” said VP/CISO of a medical supplies and services company.
  • Business enablement: Eliminating siloed processes and views supports enhanced, streamlined operational efficiency, making it easier for organizations to take advantage of new opportunities without adding additional resources.
  • Cost reduction: “Our overall product spend has gone down almost 50% when you look at all of the products that Trend Micro has replaced,” noted a CISO in the hospitality industry.

“Trend Micro Vision One empowers security teams with a centralized and powerful threat detection solution,” said Wendy Moore, vice-president, product marketing for Trend Micro, “Our XDR capabilities equip teams with the tools they need — making it easy for analysts to cut through the noise of complex campaigns deployed by malicious threat actors. ESG’s independent validation of our XDR approach provides confirmation that Trend Micro Vision One improves security posture, accelerates the speed of business and reduces cost.”

Trend Micro’s cybersecurity platform delivers security consolidation without sacrificing industry-leading protection across all layers. This approach offers the broad visibility and insights SOC teams need, while providing time efficiency through higher quality alerts. These benefits empower organizations to confidently invest in their digital transformation for long-term protection and success.

Research Methodology

This report leverages ESG’s custom research; knowledge of the industry, markets, and alternative technologies; expert analyst opinion; and review of third-party or internal testing. ESG conducted in-depth interviews with Trend Micro customers and reviewed customer case studies to better understand and quantify the positive outcomes experienced by organizations using XDR. From this research, ESG created an economic model based on a company with 2,000 employees accessing 3,400 devices.

About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk

#TrendMicro

Laos Confirms Nine New Cases of Covid-19

Laotian Times Covid-19 Update

Laos has confirmed nine new cases of Covid-19 today, including six cases of community spread in Vientiane Capital.

United States Announces Plan To Share 55 Million Doses of Covid-19 Vaccines

United States to share 55 million doses of Covid-19 vaccines
United States to share 55 million doses of Covid-19 vaccines (Photo: Reuters).

The United States has announced a plan to distribute 55 million doses of Covid-19 vaccines to a number of countries across Asia, including Laos.

72% of Asia Pacific Generation Zs, Millennials Aspire to Be Entrepreneurs – Herbalife Nutrition Survey

SINGAPORE – Media OutReach – 23 June 2021 – Premier global nutrition company, Herbalife Nutrition, unveiled findings from its 2021 Asia Pacific Young Entrepreneurs Survey today, which found that 72% of Generation Zs and Millennials in Asia Pacific aspire to have their own businesses. The survey showed that almost 9 out of 10 (87%) respondents believe that the best age to start a business is under 40 years old, with the average best age identified at 27 years old.

Herbalife Nutrition polled 4,093 people in the Generation Z and Millennial (aged 18 – 40) groups to examine entrepreneurship trends across eight countries i.e. Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Vietnam.

“Many aspiring entrepreneurs are driven by the prospect of following their passions, and desire to become their own bosses. They see their youth as a strength, especially when it comes to being technology savvy and having fresh ideas,” said Stephen Conchie, Senior Vice President and Managing Director, Herbalife Nutrition Asia Pacific.

However, a desire for entrepreneurship does not mean respondents are jumping into it: the average respondent said they believe someone should have five years of experience before starting their own business.

“Most respondents feel intimidated by their lack of experience, are concerned about business start-up costs, and the necessary financial and market knowledge. This is where learning good business fundamentals; having mentors, the right resources and a supportive community can help budding entrepreneurs to better navigate the uncertainties ahead. These important steps can improve their chances of success,” added Conchie.

Aspiring young entrepreneurs believe their age will help their chances for business success

87% of respondents believe that the best time to start a business is when they are still under the age of 40, with average prime age for starting a business at 27 years old. In addition, 54% of respondents believe that their age will help their chances of business success due to the following reasons:

  • I’m better at adapting to new technology (61%)
  • I’m more likely to embrace new technology (51%)
  • I have fresh, unexplored ideas (44%)

Key reasons for entrepreneurship

When asked about the motivations for their entrepreneurship aspirations, the top reasons include following their passion (40%), becoming their own boss (39%), wanting more flexibility in their jobs (37%), supporting their families (36%), and wanting a career change (33%).

Cost, lack of financial and market knowledge holding entrepreneur hopefuls back

Respondents said the main challenges to starting a business are the initial costs (38%) and lack of financing and market knowledge support (35%). 68% said now is the best time to start their own business but they are intimidated by their own inexperience (70%) and feel overwhelmed by the prospect of starting a business (77%).

Training, financial resources and business tools can boost success

Among the respondents who already started their own business, 63% said they are still open during the pandemic. They listed more training and education (55%), additional financial resources (52%) and access to business tools (45%) as factors that will help them be more successful.

About Herbalife Nutrition

Herbalife Nutrition is a global company that has been changing people’s lives with great nutrition products and a proven business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company’s global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world. For more information, please visit IAmHerbalifeNutrition.com.

#HerbalifeNutrition

The Wild Rift SEA Icon Series – Summer Super Cup is poised for a legendary finish, featuring 16 teams from eight different regions

HONG KONG SAR – Media OutReach – 23 June 2021 – The 2021 Southeast Asia (SEA) Icon Series, organized by Riot Games, is set to conclude with its first regional championship of the year – the Summer Super Cup. Throughout the tournament circuit, teams have been competing in League of Legends: Wild Rift, the mobile version of the popular multiplayer online battle arena (MOBA) game that has recorded over 12 million downloads across the entire SEA and Hong Kong.

“It’s time for Southeast Asia to conquer the Rift. Following the success of our exciting preseason and regional competitions, this monumental tournament is an important step towards establishing our players and teams’ supremacy as among the elite in the global esports scene. Together with our partners, we’re excited to showcase the very best that Southeast Asia has to offer and we encourage all Wild Rift and esports fans to tune in, support, and cheer for your favorites,” said Chris Tran, Head of Esports for Riot Games Southeast Asia, Taiwan, Hong Kong and Macau.

The Wild Rift SEA Icon Series – Summer Super Cup is presented by the Philippine Pro Gaming League (PPGL), the largest multi-game esports league in the country co-owned by premier esports organization Mineski Philippines and its long-time telecommunications partner Globe Telecom. The tournament is also sponsored by international smart device company OPPO, the official mobile of the Summer Super Cup. Out of more than 800 qualifying participants, only 16 teams will be featured in the first-ever pan-regional Wild Rift tournament – the top two from the eight different regions namely Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam. They will vie for the title of being the first Summer Super Cup champion and a prize pool of USD 150,000 (~HKD 1.1 Million).

“Along with our partner Mineski, the largest esports organizer in Southeast Asia, we at Globe are honored to secure this remarkable opportunity that will allow us to demonstrate the talents and skills of our Filipino esports enthusiasts in delivering exciting esports tournaments and experiences in front of our Asian neighbors. Most especially with the rise of Wild Rift in the country, Globe has been very supportive it is competitive scene” said DC Dominguez, Head of Globe Games and Esports

The regional tournament for Hong Kong is completed with MVP leading the ranks, followed by QWQ.

The Wild Rift SEA Icons Series – Summer Super Cup is divided in two stages, starting with the Group Stage that will run from June 19 to 22 and the Playoffs from June 25 to 27. The Grand Finals will happen on the last day as well.

The Group Stage will follow a double round-robin format. Teams will be divided in four groups of four with a maximum of two #1 seeded teams with no teams from the same country. A total of 12 matches will be played per day until the top three teams from each group will be determined. They will then advance to the Playoffs that will follow a best-of-five series in a single elimination format. The top-seeded teams per group will advance to the quarterfinals while the remaining will compete for their spot. Similar to the Group Stage, no teams from the same country will compete against each other in the qualifying matches. Afterwards, single elimination continues until the top two teams are decided who will battle it out for a chance at supremacy and the distinction of being the Southeast Asia Summer Super Cup champion and conqueror of the Rift.

Prove yourself. Dominate the competition. Be victorious. Leave your mark and become Legends.

Catch the exclusive livestreams of the Wild Rift SEA Icon Series – Summer Super Cup on the official channels of PPGL.

Facebook – facebook.com/ppgl

Twitch – twitch.tv/ppgl

YouTube – youtube.com/c/PPGLGG

TikTok – tiktok.com/@helloppgl

For more information, visit wildrift.leagueoflegends.com, http://www.facebook.com/wildriftPH or https://twitter.com/wildriftPHL

About League of Legends: Wild Rift

League of Legends: Wild Rift is the skills-and-strategies 5v5 MOBA experience of League of Legends, now built from the ground up for mobile and console. With fresh controls and fast-paced games, players of every level can team up with friends, lock in their champion, and go for the big plays.

About Riot Games

Riot Games was founded in 2006 to develop, publish, and support the most player-focused games in the world. In 2009, Riot released its debut title, League of Legends, to worldwide acclaim. League has gone on to be the most-played PC game in the world and a key driver of the explosive growth of esports.

As League enters its second decade, Riot continues to evolve the game while delivering new experiences to players with Teamfight Tactics, Legends of Runeterra, VALORANT, League of Legends: Wild Rift, and multiple work-in-progress titles. Riot is also building the world of Runeterra through multimedia projects across music, comic books, board games, and the upcoming animated series Arcane.

Founded by Brandon Beck and Marc Merrill, and led by CEO Nicolo Laurent, Riot is headquartered in Los Angeles, California, and has 2,500+ Rioters in 20+ offices worldwide.

About Mineski Philippines

Mineski Philippines is a leader in the country’s esports industry, with a slew of original esports leagues and platforms alongside nationwide tours and esports mall events organized for client brands. Mineski Philippines has pioneered every esports venture in the Philippines from our pro team to events organizing and esports marketing. For more information, follow Mineski Philippines on Facebook.

About Globe

Globe is a leading full-service telecommunications company in the Philippines and publicly listed in the PSE with the stock symbol GLO. The company serves the telecommunications and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet, and managed services. It has major interests in financial technology, digital marketing solutions, venture capital funding for startups, and virtual healthcare. Its principals are Ayala Corporation and Singtel, acknowledged industry leaders in the country and in the region. For more information, visit www.globe.com.ph. Follow @enjoyglobe on Facebook, Twitter, Instagram, and YouTube.

About Philippine Pro Gaming League

The Philippine Pro Gaming League (PPGL) is an amateur and professional esports league co-owned and operated by Mineski Philippines and Globe Telecom. It is the largest multi-game league in the Philippines, with eight official seasons through over three years of delivering the esports experience and gaming entertainment to Filipino gamers of all types and from as many gaming communities as possible.

About OPPO

OPPO is a leading global smart device brand. Since launching its first smartphone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the synergy of aesthetic satisfaction and innovative technology, Today, OPPO provides customers with a wide range of smart devices spearheaded by the Find and Reno series, ColorOS operating system, as well as internet services such as OPPO Cloud and OPPO+. OPPO operates in more than 40 countries and regions, with 6 research institutes and 4 R&D centers worldwide and an international design center in London, OPPO’s more than 40,000 employees are dedicated to creating a better life for customers around the world.

#Mineski Philippines #Mineski

Hong Kong’s data center stands firmly in the market

Ranks the third most attractive data center location in APAC

Land supply increase through HSITP in the Lok Ma Chau Loop advisable

  • Pandemic and geopolitical tension exert little impact on the market position of Hong Kong’s data center. Hong Kong advances to the third most attractive data center location in Asia Pacific this year
  • Shorten the time gap between power capacity expansion work and data center delivery, streamline and accelerate the approval of data center applications and procedures by relevant government departments are recommended
  • Increase data center land supply and enhance Hong Kong-Shenzhen collaboration through Hong Kong-Shenzhen Innovation and Technology Park (HSITP) in the Lok Ma Chau Loop

HONG KONG SAR – Media OutReach – 22 June 2021 – Global real estate services firm Cushman & Wakefield reveals today that while pandemic and geopolitical tensions have impeded the development of data centers in multiple markets around the world, Hong Kong’s data center market still stands out firmly. Hong Kong advances to the third most attractive data center location in Asia Pacific and is highly sought after by investors and operators.

Data center investment market in Hong Kong has remained robust despite the pandemic. Early in the year, Mapletree Investments acquired a site in Fanling at HK$813 million to debut their local data center construction project in Hong Kong, which is expected to complete by 2023. Established operators such as PCCW, Equinix and SUNeVision also continue on their new data center facilities, and mainland operator GDS has kicked off their first owned data center project in Kwai Chung, expected to complete in mid-2022.

The cable infrastructure in Hong Kong has increasingly strengthened and been extensive and further fibre connectivity will soon link Hong Kong to other regional locations. For example, the Asia Direct Cable (ADC) is scheduled to go live by the end of 2022, with no fewer than eight major telecommunications firms providing capital and know-how for the 9.400-kilometre system. The cable will link Hong Kong to Japan, the Philippines, mainland China, Vietnam, Thailand, and Singapore. Also coming online next year is the Southeast Asia-Japan Cable 2 linking Hong Kong to South Korea, Japan, mainland China, Taiwan, Vietnam, and Thailand. The China Mobile Mobile-backed Hainan to Hong Kong Express cable will link Hong Kong to Hainan and Zhuhai, with operations commencing this year. Cushman & Wakefield expects that the Hong Kong data center market will continue to flourish in the future, with investor interest and absorption remaining at a relatively high level.

As of end-1Q21, total data center stock in Hong Kong amounts to 8.38 million sq ft, of which 80% is dominated by 10 operators including the two largest (in terms of total floor area) local operators – SUNeVision and PCCW Solutions, which account for 30% of the market area. Non-local operators collectively occupy around 43%. Existing data center demand is supported by finance, banking, insurance, and telecom operators. With growing use of Internet of Things (IoT), 5G network, and cloud computing, as well as the post-COVID-19 working from home practice becoming a “new” normal, the market demand for cloud computing and storage surge rapidly. Cushman & Wakefield expects the future demand of data center be largely driven by leading global cloud service providers such as AWS, Microsoft Azure, Google Cloud, Tencent Cloud, and Alibaba Cloud.

Cushman & Wakefield anticipates 4.16 million square feet of data center supply by the end of 2025, yet the rate of construction has yet to meet the ever-rising demand for high-tier facilities. Mr Keith Chan, Cushman & Wakefield’s Head of Research, Hong Kong, commented, “We notice that about 86% of the upcoming supply has already been pre-committed by data center operators, leaving only a small fraction of space available for future demand. In Hong Kong, it generally takes at least three to four years to build a new data center. Therefore, we expect data center supply is still in short in the medium term”.

Power shortages present another bottleneck in supply. The existing 11kV power supply network cannot meet the substantial power demand of hyperscale data centers. It usually takes power companies about four years to provide the additional power supply with 132kV power transformers, creating a gap of 18 to 24 months between the target commencement date of data center operations and delivery of the necessary power supply. Cushman & Wakefield recommends the government and power companies to swiftly explore and coordinate on how to increase power supply capacity and shorten power delivery timelines to ensure the infrastructure is in place for future development of data center in Hong Kong.

Shortage of land supply remains one of the critical challenges to the future growth of the Hong Kong’s data center market. Mr John Siu, Managing Director, Cushman & Wakefield, Hong Kong mentioned, “In response to the shortage of land catered for data centers, the government may consider collaboration with Shenzhen at the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) located in the Lok Ma Chau Loop for joint development of data center facilities for the Greater Bay Area. Besides, the government should also streamline the coordination across different departments, and accelerate the application and approval process of the works required for data center development and reconstruction.”

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. Across Greater China, 22 offices are servicing the local market. The company won four of the top awards in the Euromoney Survey 2017, 2018 and 2020 in the categories of Overall, Agency Letting/Sales, Valuation and Research in China. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

#Cushman&Wakefield