Showing posts with label Rupert Hoogewerf. Show all posts
Showing posts with label Rupert Hoogewerf. Show all posts

Friday, December 29, 2023

Hurun most successful Chinese heritage brands 2023 – Rupert Hoogewerf

 

Rupert Hoogewerf

The Hurun Research Institute released the Hurun Most Successful Chinese Heritage Brands 2023, for the fourth year, ranking the 100 most successful brands from China with at least 60 years or more of history. “TCM, Baijiu and Foods make up half of the brands on the Hurun Most Successful Chinese Heritage Brands 2023, showing the sectors that have had the deepest impact over generations of Chinese consumers,” says Rupert Hoogewerf, the Hurun chief researcher at the Hurun website.

The three main pillars of this list were the age of the brand, representing 40% of the total index; the value of the brand, defined as market cap for listed companies and recent valuation for non-listed companies, representing 40% of the total; and cultural heritage, representing 20% of the total.

Rupert Hoogewerf, Hurun Chairman and Chief Researcher said: “This is the fourth year of the Hurun Most Successful Chinese Heritage Brands, and this year we added 14 new brands to the mix, including well-known brands, such as Jian Nan Chun Chiew, HengYuanXiang and Arctic Ocean Soda.”

“TCM, Baijiu and Foods make up half of the brands on the Hurun Most Successful Chinese Heritage Brands 2023, showing the sectors that have had the deepest impact over generations of Chinese consumers.”

“The average age of the brands on the list is 161 years old, among which the youngest is Jinhui, a 63-year-old baijiu brand, and the oldest is Yiyuanqing, a Shanxi vinegar brand, which is 646 years old.”

“Most of the brands on this list predate pinyin spelling, so for brands that had an historical link outside of China, they use the pre-pinyin English spelling of their brand. For example, ‘Kweichow Moutai’ in pinyin would be spelt ‘Guizhou Maotai’.”

“Nearly 70% of the brands on the list are in East China and North China, with 44 brands from East China, including 13 from Shanghai and 8 from Zhejiang and Anhui respectively. 25 brands are from North China, with Beijing contributing 18 of them.”

More at the Hurun website.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more branding experts? Do check out this list.

Thursday, November 09, 2023

Philanthropy keeps on going strong despite financial trouble – Rupert Hoogewerf

 

Rupert Hoogewerf

The number of philanthropists on the annual Hurun Philanthropy List keeps on growing, despite the financial problems many have. The Country Garden founder and his daughter top in 2023, says Rupert Hoogewerf, chairman and chief researcher of Hurun Report with 34 tycoons making the 100 million yuan threshold, according to the South China Morning Post.

The South China Morning Post:

The founder and chairman of indebted property developer Country Garden top a list of 34 Chinese business magnates who each promised to give away at least 100 million yuan (US$13.7 million) to charitable causes in the last year…

The troubled, debt-ridden real estate sector is still the “main source of donations” on the philanthropy list, as well as the main source of wealth on Hurun’s list of rich individuals, said Rupert Hoogewerf, chairman and chief researcher of Hurun Report…

“Whilst philanthropy is not keeping up with wealth creation, the number of individuals donating 100 million yuan or more in a year has risen to 34 this year from two 20 years ago,” Hoogewerf said.

More in the South China Morning Post.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this list.

Wednesday, October 25, 2023

Going global: key for getting rich – Rupert Hoogewerf

Rupert Hoogewerf

The 2023 Hurun China rich list sees changes, and Rupert Hoogewerf, the Hurun Report chairman and chief researcher, sees efforts to go global as a key factor for growing riches, he tells Reuters. PDD’s Temu, ByteDance’s short-video platform TikTok, and ultra-fast fashion brand Shein he sees as examples.

Reuters:

The founder of PDD Holdings saw his wealth swell by US$13.8 billion (S$18.8 billion) in a year, as a slowing global economy drove more shoppers to the Chinese company’s discount e-commerce platforms Temu and Pinduoduo, an annual rich list showed on Tuesday.

Mr Colin Huang, who founded PDD in 2015 and stepped down as chief executive in 2020, was the fastest riser in 2023’s Hurun Rich List, leaping seven places to be ranked China’s third-richest man, with a US$37.2 billion fortune. It also marked the first time he had broken into the top three ranking.

The growth of his fortune reflects the changing e-commerce landscape both in China, where consumer confidence remains low after three years of Covid-19 curbs, and abroad, where shopping platforms such as Temu and Shein are gaining steam. PDD did not immediately respond to a request for comment.

Billionaire Jack Ma, founder of rival Alibaba, which is currently going through a restructuring and working to fend off competition from the likes of PDD, fell one place from 2022 to the 10th spot.

The number of Alibaba shareholders on the list, which ranks China’s wealthiest people with a minimum net worth of 5 billion yuan (S$952.4 million), fell from 18 in 2022 to 12 this year.

Mr Richard Liu, who founded e-commerce giant JD.com, saw his wealth, and that of his wife Zhang Zetian, fall by US$6.2 billion since 2022 to US$8.26 billion, according to Hurun’s list.

JD.com’s shares fell to a record low earlier in October after banks cut its price targets, citing a weaker-than-expected recovery in consumer spending.

“Going global has been one of the key sources of growth this year,” said Mr Rupert Hoogewerf, Hurun Report chairman and chief researcher, citing PDD’s Temu, ByteDance’s short-video platform TikTok and ultra-fast fashion brand Shein as examples.

The founder of bottled water brand Nongfu Spring, Mr Zhong Shanshan, retained his first place on the list for the third year running, with a US$62 billion fortune; while Mr Pony Ma, founder of social media and gaming giant Tencent, was second, with US$38.6 billion.

More in Reuters.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more strategic experts at the China Speakers Bureau? Do check out this list. 

Friday, July 14, 2023

Most successful artists in China 2023 – Rupert Hoogewerf

 

Rupert Hoogewerf

Based on sales in public auctions, Rupert Hoogewerf, chairman of the Hurun China Rich List, presents the 16th Hurun China Art List, with the 100 most successful artists living in China last year. With a total of US$347mn, the figures dropped dramatically because of the Covid-19 crisis. It still shows amazing financial firepower, promising much for the future, Hoogewerf adds.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this list.

Monday, July 03, 2023

China economic interests moving to the Arab world – Rupert Hoogewerf

 

Rupert Hoogewerf

Hurun rich-list founder Rupert Hoogewerf visited the recent 10th Arab-China Conference in Riyadh and explains why China's economic interests are moving in the direction of the Arab world: new energy, building infrastructure, and rapid industrialization, he tells at Arab News.

Arab News:

He said Chinese investors appeared keen on exploring the region’s markets, particularly Saudi Arabia. With the emergence of new sectors such as renewable energy, fast-growing real estate, and rapid industrialization in the region, there are huge opportunities for Chinese entrepreneurs, he added.

Hoogerwerf said China has a large number of “young companies that are innovative” and are interested in entering the Saudi market.

He said cheap energy prices make setting up bases in the Kingdom a lucrative proposition for manufacturing companies. “And of course, there is a lot of ambition to construct new infrastructure here,” he added.

The researcher said Chinese companies have the required expertise and willingness to drive growth in the region, particularly Saudi Arabia.

He said he brought two Chinese companies with him to explore the Saudi market and launch operations in the Kingdom. One of the companies is a top manufacturer of solar panels, Hoogerwerf told Arab News. He said the company is in talks with Saudi partners to start manufacturing operations here as the Kingdom is also making efforts to transition from traditional to renewable and sustainable energy sources.

The other company, he said, is a real estate giant and visiting the Kingdom for the first time.

More at Arab News.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more experts on China’s outbound investments? Do check out this list.

Friday, June 09, 2023

Young entrepreneurs should dream bigger – Rupert Hoogewerf

 

Rupert Hoogewerf

Young entrepreneurs should dream bigger, says Hurun chairman Rupert Hoogewerf, publisher of the Hurun China Rich List, based on his talks with many rich in China.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more strategic experts at the China Speakers Bureau? Do check out this list.

Friday, April 21, 2023

Number of unicorns exploded, despite three years of Covid-19 decline – Rupert Hoogewerf

 

Rupert Hoogewerf

The number of unicorns, companies worth more than US$1 billion, exploded globally over the past three years, despite the slowdown caused by Covid-19, says Hurun chairman Rupert Hoogewerf during the release of the Global Unicorn Index 2023 by Hurun Research Institute, at the China Daily. Especially the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) did very well, the report says.

The China Daily:

A total of 63 companies in the Guangdong-Hong Kong-Macao Greater Bay Area have made it onto the Global Unicorn Index 2023 by Hurun Research Institute, an increase of 12 compared to a year earlier and double the number listed on the index before the COVID-19 pandemic.

Among the top 10 unicorns from China listed on the global 2023 index, half are in the GBA, including Guangzhou-based fast fashion platform Shein (ranking 4th), Shenzhen-based digital bank WeBank (ranking 6th), Dongguan-based mobile phone makers Oppo and Vivo, and Shenzhen-based drone maker DJI. …

According to the index, Guangzhou was the Chinese city with the fastest growing number of unicorns in the past year. There were 22 unicorns from Guangzhou in the latest ranking, 12 more than a year earlier.

“The three years after the COVID-19 outbreak were the most active period for unicorns. Over the past three years, a new unicorn was created every day in the world, bringing the total to more than 1,360. Despite economic slowdown, there were over 500 new unicorns globally in the past year, which is equivalent to nearly 10 each week on average,” said Rupert Hoogewerf, chairman and chief researcher of Hurun index.

He said unicorn companies grew rapidly in the first half of 2022, but slowed down significantly in the second half.

“That was because of the US interest rate hikes, the global economic downturn and uncertainties (which) led to investment institutions nearly halting the funding of new projects. The collapse of Silicon Valley Bank further lowered valuations.”

More at the China Daily.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more financial experts at the China Speakers Bureau? Do check out this list. 

Friday, April 14, 2023

Private brands enjoy consumers’ trust – Rupert Hoogewerf

 

Rupert Hoogewerf

Even during the current economic headwinds, private brands continue to get the trust of China’s consumers, says Hurun chairman Rupert Hoogewerf, among the 2022 China Hurun Brands’List, where Shanghai-listed Kweichow Moutai even outranked the technology giants as Tencent and Alibaba, reports the South China Morning Post.

The South China Morning Post:

Shanghai-listed Kweichow Moutai was the most valuable Chinese brand for a fifth straight year, according to the 2022 Hurun Brands List. The liquor maker, which is also one of the most valuable stocks in the country, was the only brand on the list with value of more than 1 trillion yuan (US$145.2 billion).

The liquor giant’s brand value – measured through openly available economic data and surveys among consumers – was equivalent to the total values of the next six brands that followed it on the list: Shenzhen-listed liquor maker Wuliangye Yibin, Shanghai Tobacco’s China Tobacco, ByteDance’s Douyin, WeChat and parent firm Tencent Holdings, and JD.com, Hurun said. The rankings have been calculated according to the market value of listed companies based on their stocks’ closing prices on July 29 last year, and their peers’ price-to-earnings ratios for private firms.

“Chinese consumers’ trust in private brands has obviously strengthened in the recent few years. [About] 62 per cent of the companies in the ranking were brands by the private sector, compared with 61 per cent a year ago and 39 per cent a decade ago,” Rupert Hoogewerf, Hurun’s chairman, said in a statement.

More at the South China Morning Post.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more consumer experts at the China Speakers Bureau? Do check out this list.

Thursday, March 23, 2023

China’s billionaires lost their glamour at 2023 Hurun rich list – Rupert Hoogewerf

 

Rupert Hoogewerf

China lost 229 billionaires in the last year as a faltering economy, sliding stocks and a depreciating yuan hit the country’s super-rich harder than their peers in any other nation, according to a new list published by Hurun Report. Rupert Hoogewerf, chairman and chief researcher of Hurun Report, “Chinese entrepreneurs will actively look to expand abroad from this year as they have a global perspective,” says Hoogewerf, according to the South China Morning Post.

The South China Morning Post:

The total wealth of the listed Chinese billionaires, which includes 77 people from Hong Kong and 46 from Taiwan, plummeted 15 per cent, compared to a loss of 10 per cent in net worth globally. A total of 26 Chinese tycoons rank among the world’s 100 richest people.

“Interest rate hikes, the appreciation of the US dollar, the popping of a Covid-19-driven tech bubble and the continued impact of the Russia-Ukraine war have all combined to hurt stock markets,” said Rupert Hoogewerf, chairman and chief researcher of Hurun Report, a consultancy…

“Chinese entrepreneurs will actively look to expand abroad from this year as they have a global perspective,” said Hoogewerf. “The reopening give them opportunities to copy their growth model [in China] to other countries.”

Overall, China remains the biggest source of known billionaires, with the total number standing at 969 – 40 per cent more than the US with 691.

The two countries together account for 53 per cent of the total 3,112 billionaires globally.

More at the South China Morning Post.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this list.

Friday, March 03, 2023

Business confidence among luxury buyers sky high – Rupert Hoogewerf

 

Rupert Hoogewerf

Hurun chairman Rupert Hoogewerf introduces the Hurun Chinese Luxury Consumer Survey & Hurun Best of the Best Awards 2023 with some amazing results: business confidence among luxury buyers in China is sky high and was only higher in 2022.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more experts on the luxury consumer market? Do check out this list.

Sunday, December 18, 2022

How Chinese brands work on their heritage – Rupert Hoogewerf

 

Rupert Hoogewerf

Hurun chief researcher Rupert Hoogewerf issued the most successful Chinese heritage brands list for 2022, raking the 550-year-old Pien Tze Huang, a traditional Chinese medicine brand, and a current valuation of just under US$30bn. “That makes it the Number One most successful Chinese Heritage Brand,” says Rupert Hoogewerf.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more branding experts at the China Speakers Bureau? Do check out this list.

Tuesday, December 13, 2022

Who are China’s richest women? – Rupert Hoogewerf

 

Rupert Hoogewerf

Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher, looks for the 2022 Hurun Richest Women in China list at who those women are. In his 17th year, women have been doing better, despite the global downturn for the rich over the past few years.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this list.

Thursday, November 17, 2022

China’s tycoons donate US$14 billion for Xi Jinping’s “common prosperity” – Rupert Hoogewerf

 

Rupert Hoogewerf

President Xi Jinping pushes the concept of “common prosperity to diminish China’s grasp between the poor and rich. China’s 49 richest tycoons have donated US$14 billion for that purpose, according to the Hurun China Philanthropy List 2022. “The top three on the list each donated around 15 billion yuan and came from internet companies,” says Hurun’s chief researcher Rupert Hoogewerf in AsiaOne.

AsiaOne:

The founders of three of China’s technology giants each pledged over US$2 billion to charitable causes over the past year, in a collective response to the nation’s call for common prosperity that drove donations to a record, according to the Hurun China Philanthropy List 2022.

The list recorded 49 benefactors who each gave away more than 100 million yuan (S$19 million) from April 2021 to the end of August, driving total donations to a record US$10 billion (S$14 million), the most in 19 editions and “a record year for big philanthropy,” said Hurun’s chief researcher Rupert Hoogewerf.

China’s top 10 philanthropists, all on Hurun’s China Rich list , gave away 6.3 per cent of their total wealth, or around US$8.7 billion, according to the report.

“The top three on the list each donated around 15 billion yuan and came from internet companies,” Hoogewerf said in the list released on Wednesday. “They have recently retreated behind the scenes, and have all responded quickly to the country’s common prosperity drive.”

Common prosperity first emerged as a wealth distribution concept in the 1950s soon after the establishment of the People’s Republic, and resurfaced in the 1980s when China experimented with capitalism and economic liberalisation.

President Xi Jinping has repeatedly called for “common prosperity” as an aspirational concept in the past year to narrow the gap between China’s ultra wealthy and the rural poor. The catchphrase refers to affluence shared by everyone both in material and cultural terms, not the prosperity for just a few nor an absolute equal distribution, and should be advanced step by step, according to the government…

Seven of the top 10 philanthropists donated shares of their businesses to charitable foundations, according to Hoogewerf.

“Charitable trusts have become an important way to promote common prosperity and the development of philanthropy in the country,” he said.

More at AsiaOne.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your (online) meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this link.

 

Tuesday, November 08, 2022

Number of super-rich drops as economic growth crashes – Rupert Hoogewerf

 

Rupert Hoogewerf

The shrinking economic growth hits the number of super-rich in China, reports the annual Hurun China rich list,  writes Reuters. “This year has seen the biggest fall in the Hurun China Rich List of the last 24 years,” said Rupert Hoogewerf, chairman and chief researcher of research firm Hurun Report which compiles the list.

Reuters:

China’s super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing’s zero-COVID measures and falling mainland and Hong Kong stock markets pummelled fortunes, an annual rich list said on Tuesday.

The Hurun Rich list, which ranks China’s wealthiest people with a minimum net worth of 5 billion yuan ($692 million), said only 1,305 people made the mark this year, down 11% from last year. Their total wealth was $3.5 trillion, down 18%.

Meanwhile, the number of individuals with $10 billion fell by 29 to 56, and the number of dollar billionaires dropped by 239 to 946 this year, it added.

“This year has seen the biggest fall in the Hurun China Rich List of the last 24 years,” said Rupert Hoogewerf, chairman and chief researcher of research firm Hurun Report which compiles the list.

The global economic outlook has this year been heavily impacted by the war in Ukraine and slowing economic growth in China that has in turn been exacerbated by the country’s ultra-strict COVID policies and a prolonged property slump.

More at Reuters.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your (online) meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this list.

Tuesday, October 04, 2022

What do I expect for young Chinese entrepreneurs – Rupert Hoogewerf

 

Rupert Hoogewerf

Hurun China rich list founder Rupert Hoogewerf explains what he expects for the young entrepreneurs in China during the coming five years at the China News.

Rupert Hoogewerf is a speaker at the China Speakers bureau. Do you need him at your (online) meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this list.

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