For Mary Kay Inc, a United States-based beauty major that has been in China for almost three decades, China is not only a market to dig for growth, but is also a key platform to mull a bigger market presence globally.
对于在中国经营了近三十年的美国美容专业企业玫琳凯公司来说，中国不仅是一个需要挖掘增长的市场，也是一个考虑在全球扩大市场份额的关键平台。
"China is Mary Kay's largest overseas market, thriving due to its welcoming business environment and economic vitality," said Nathan Moore, global president of sales and marketing at Mary Kay.
玫琳凯全球销售和营销总裁Nathan Moore表示：“中国是玫琳凯最大的海外市场，因其受欢迎的商业环境和经济活力而蓬勃发展。”。
Mary Kay also noticed the digital trend in the sector and made a significant move in 2020 by launching its customized e-commerce platform, which is a personal online sales platform for all its contracted beauty consultants.
玫琳凯也注意到了该行业的数字化趋势，并在2020年采取了重大举措，推出了其定制的电子商务平台，这是一个面向所有签约美容顾问的个人在线销售平台。
By overseeing store setups, accounts, and logistics, Mary Kay bypasses the traditional stocking phase, delivering products directly from its warehouses to customers.
通过监督门店设置、账户和物流，玫琳凯绕过了传统的库存阶段，将产品直接从仓库交付给客户。
According to Mary Kay, total customer order volume has surged fivefold so far this year compared to that of 2020 in the Chinese market.
玫琳凯表示，与2020年相比，今年中国市场的总客户订单量激增了五倍。
With the Chinese market as a sample case, Mary Kay is mulling a greater presence in the Asia-Pacific region.
以中国市场为例，玫琳凯正在考虑在亚太地区扩大业务。
During the Mary Kay China 2023 Seminar in Xiamen, Fujian province, in October, it launched the strategy of ONEderful Asia-Pacific, focusing on a broader market with hope to create more opportunities for its beauty consultants.
10月，在福建省厦门市举行的玫琳凯中国2023研讨会上，玫琳凯推出了ONEderful亚太战略，专注于更广阔的市场，希望为其美容顾问创造更多机会。
With efforts in digital technology, product portfolio and brand experience in the Asia-Pacific region, Mary Kay will further explore market potential and competitiveness of its beauty consultants.
凭借在亚太地区数字技术、产品组合和品牌体验方面的努力，玫琳凯将进一步挖掘其美容顾问的市场潜力和竞争力。
"The Asia-Pacific market is ripe with potential, and we're excited to extend Mary Kay's unique business opportunities to more countries, enriching the lives of more women and their families along the way," Moore said.
Moore说：“亚太市场潜力巨大，我们很高兴能将玫琳凯独特的商业机会扩展到更多国家，一路上丰富更多女性及其家庭的生活。”。
According to market research by Euromonitor International, a global market observer, Mary Kay leads globally as the top direct selling brand of skincare and color cosmetics.
根据全球市场观察机构欧睿国际的市场调查，玫琳凯作为护肤品和彩妆的顶级直销品牌，在全球处于领先地位。
Mary Kay, for example, invested over 80 million yuan between 2020 and 2023 in the digital end in China to further facilitate its sales module for its consultants.
例如，玫琳凯在2020年至2023年间在中国的数字端投资了8000多万元，以进一步促进其顾问的销售模块。
"Consumption recovery has been eye-catching in China this year, and the figures on uptrend have attracted efforts in local businesses of more big-name MNCs such as Mary Kay," said Long Chaocan, an investment consultant with China Galaxy Securities Co Ltd, adding that localized efforts will be key for such players seeking bigger global market share amid headwinds.
中国银河证券有限责任公司的投资顾问龙朝灿表示：“今年中国的消费复苏非常引人注目，上升趋势的数据吸引了更多大牌跨国公司（如Mary Kay）在当地业务的努力。”他补充道，本地化努力将是这些公司在逆风中寻求更大全球市场份额的关键。
More than 600 women there are now supporting their families with Yi embroidery, thanks to a targeted training project initiated by Mary Kay China, the United Nations Development Program, the China Women's Development Foundation and the China Center for International Economic Exchanges.
Diversified efforts have been made in sectors including tourism, traditional ethnic art shows and cultural exhibitions in the village by Mary Kay China.
"Our moves in the village starts with analysis and planning, of how to improve the livelihoods and help the village in a sustainable way," said Zhang Jing, vice-president of Mary Kay China, who has been leading teams to Waipula village herself to check on the progress of the project.
"Mary Kay's corporate social responsibility moves, which has helped boost the nation's goal of eliminating absolute poverty by the end of this year, have garnered it many charity awards, including the top CSR prize in the nation－the China Charity Award in 2013, and the 2020 GoldenBee CSR China Honor Roll GoldenBee Enterprise, making the company a role model among its foreign peers conducting CSR in China.
According to MKC's 2019 Sustainability Development Report, a report displaying Mary Kay's achievements in boosting sustainable development in 25 years, released on Aug 6 by the company in Beijing, since the company entered the Chinese market in 1995, the company has set up several funds to support its charity moves and help more than 82,000 female entrepreneurs start their own businesses, 44,000 junior school students get a quality education and 6,700 kids have potable water.
"Apart from Mary Kay's investment moves directly supporting the poverty alleviation efforts in China, what matters more is that the company always focuses on, also is good at, having female roles under the spotlight in every business, which has offered more solutions for many issues in the society," Yin added.
Among all the efforts of carrying out sustainable development projects in China, women have always been a major focus for United States-based Mary Kay, and the company has been persistent on this principle while making decisions in global market expansion.
Mary Gilly, a professor of marketing at the University of California Paul Merage School, told China Daily that shopping centers must adapt or die.
Alipay is a global Internet services leader because of its ability to innovate as it rolled out services to more than 1 billion people globally, according to the 2019 edition of the "Internet Trends Report" released on Wednesday by the legendary Internet stock analyst and investor, Mary Meeker.
Clear regulatory frameworks and access mechanisms drive market liquidity and demand – key components towards China being an investable bond market,” said Mary Schapiro, vice-chairman of Bloomberg, at the China Bond Market International Forum in Beijing on Thursday.
Born in Guangzhou, Guangdong province, Mak, who is currently the president at Mary Kay Greater China, relocated to Hong Kong when he just four years old before moving to the United States during his teenage years to further his studies.
”In 1997, Mak joined the cosmetic giant Mary Kay as the head of their manufacturing operations in China.
Since taking charge of the company’s operations in China, Mak has emphatically demonstrated that his business acumen is as strong as his forte in math and science, helping boost Mary Kay’s sales in the country by 100 times over the past 17 years.
In 2002, he spearheaded a microcredit program called the Mary Kay Women’s Small Business Fund which has since helped more than 10,000 women in Yunnan province become entrepreneurs.
“Also, this project is perfectly aligned with Mary Kay’s goal of helping women.
The country is home to nine of the world's top 20 tech giants, while the United States has the other 11, according to the much-anticipated annual report from Mary Meeker, a partner at venture capital provider Kleiner Perkins Caufield & Byers.
"GM had a very good 2017 as we continued to transform our company to be more focused, resilient and profitable," GM Chairman and CEO Mary Barra said in a statement.
To mark the launch of the partnership, JD Fashion supported the London Fashion Week shows of 2015 competition winner Mary Katrantzou and Chinese-born designer Zhang Huishan, who is about to opena store in Mayfair.
Mary Kay products on display in this file photo taken on Nov 13, 2013 in Guangzhou, Guangdong province.
[Photo/VCG]World-leading direct-selling producer Mary Kay China Co Ltd is expanding its business from cosmetics to the health and well-being market, enlarging its potential customer base from adult women to include the elderly and children.
That could have a big impact on China, which since 2013 has been the largest market for Mary Kay Inc, the Dallas-based privately owned multilevel marketing company with global wholesale sales of $4 billion.
The Mary Kay China Co Ltd has developed healthcare and nutrition products in China to meet the increasing demands for a healthy lifestyle, according to Paul Mak, China president of Mary Kay Inc.
Mary Kay has invested 960 million yuan ($143 million) in an Asia-Pacific center in Hangzhou, Zhejiang Province, updating its function into developing and manufacturing and distribution and is about to set up a second research and development center in Shanghai.
Last year, Mary Kay China tested the waters for health sales in China by developing products aimed to help improve sleep, digestion and boost the immune system.
Jason Yu, general manager of Kantar Wordplanel China, said Mary Kay faces some growth challenges in the cosmetics market in recent years as the direct sales model is under pressure from other channels like e-commerce.
In terms of Mary Kay's cosmetics business, the firm will continue to expand into third-and fourth-tier cities as their main battlefield.
Mary Kay has about 6,000 workshops nationwide.
In a statement issued to the stock market, Lander Sports said the process to buy an 80 percent stake in the Southampton's holding company, St. Mary's Football Group, also involved having to gain approval from government bodies including China's foreign exchange regulator and the top economic planner.
Mercedes-Benz confirmed that its chairman Ola Kaellenius will attend the auto show, and General Motors said its CEO Mary Barra will visit China later this year.
"Overall, China's quick economic recovery and its dominance as a source for products that Americans have turned to during the pandemic have outweighed the dampening effect of Trump's tariffs," Mary E. Lovely, a senior fellow at the Peterson Institute for International Economics, was quoted by The New York Times as saying.
"China is in almost every supply chain," Mary Lovely, a senior fellow at the Peterson Institute for International Economics, a Washington-based think tank, was quoted as saying by the Washington Post.
Mary Chua, president of Grit & Zest's US company, said that with comparative advantages of labor resources and competitive prices, it used to be easy to sell products to the US market.
The number of China's mobile internet users reached 820 million in 2018, up 9 percent year-on-year, the annual report of Mary Meeker, a partner at venture capital firm Kleiner Perkins, said.
But the plans do not go far enough for Labour Party legislator Mary Creagh, who heads the House of Commons' Environmental Audit Committee.
He cited CEO Mary Barra's meeting with local officials in Shanghai in May.
The year 2022 marked a milestone for the global NEV sector, with sales soaring 63.6 percent year-on-year to exceed 10 million units, and more than half of them were sold in China, said Mary Warlick, deputy executive director of the International Energy Agency.
GM plans to invest more than $35 billion on EV and autonomous driving fields between 2020-25, Mary Barra, chairman and CEO of GM, said via a video on Tuesday.
The company will stop producing gasoline-powered light-duty vehicles from 2035, said CEO Mary Barra back in January.
Mary Barra,xa0chairman and CEO of GM, said: "We believe the inflection point of putting everybody in an EV and transitioning to an all-electric future has arrived, and GM intends to take the lead.
"We are investing aggressively in a comprehensive and highly-integrated plan to make sure that GM leads in all aspects of the transformation to a more sustainable future," said GM Chair and CEO Mary Barra.
But CEO Mary Barra said purchasing, manufacturing, engineering and sales teams are working to divert the chips from cars and smaller SUVs to full-size pickup trucks, big SUVs and new electric vehicles.
GM CEO Mary Barra said on a conference call that the Detroit-based automaker has a "platform that others can use that's going to give us scale and help us drive efficiency.
"As GM's largest market and a global center of innovation, China will play a crucial role in making our vision a reality," said Mary Barra, GM chairwoman and CEO, at an online event on Aug 19.
Mary Barra, chairman and CEO of GM, said: "As GM's largest market and a global center of innovation, China will play a crucial role in making our vision a reality.
"As GM's largest market and a global center of innovation, China will play a crucial role in making our vision a reality," said Mary Barra, chairman and CEO of GM.
"General Motors CEO Mary Barra said Cadillac had seen strong growth in China.
GM Chief Executive Mary Barra spoke to Trump over the weekend to discuss the cuts and was at the White House on Monday to meet with economic adviser Larry Kudlow.
"Our third-quarter performance demonstrates our determination to manage risks and deliver strong business results while continuing to advance the future of mobility," said GM Chairman and CEO Mary Barra in a statement.
GM Chief Executive Officer Mary Barra said GM might explore "other opportunities" with some of the companies that SoftBank has funded, including Uber, China's Didi, India's Ola and Southeast Asia's Grab.
"The actions we took to further strengthen our core business and advance our vision for personal mobility made 2017 a transformative year," said GM Chairperson and CEO, Mary Barra.
By 2025, nearly all models from GM global brands in China - Buick, Cadillac and Chevrolet - will feature mild to strong electrification, said CEO Mary Barra.
One way for automakers to meet the power-hungry needs of self-driving systems will be to use gasoline-electric hybrid models rather than purely electric cars, said Mary Gustanski, chief technology officer of supplier Delphi Automotive's powertrain business.
GM CEO Mary Barra said the carmaker is planning to introduce its Cadillac models with Super Cruise functions into the Chinese market.
General Motors CEO Mary Barra said the automaker is dedicated to providing optimized and affordable electrification solutions to consumers around the world and China will be a focal market for this.
In contrast, China's loan prime rates, the market-based benchmark for lending rates in the country, could drop slightly in the rest of the year as the nation boosts credit demand in the real economy, said Mary Xia, China rates strategist at UBS Securities.
"The support base has grown by over a third, with more than 1,000 new organizations becoming supporters in the past year," said Mary Schapiro, head of the TCFD and former chairwoman of the US Securities and Exchange Commission.
Mary Schapiro, vice-chairman of Bloomberg, said earlier that China's bond market is the third largest in the world, but still largely unexplored by global investors, partly due to relatively low market efficiency.
"The opening of China's financial market is among the most important and exciting capital market developments of our time," said Mary Schapiro, vice-chairman of Bloomberg.