Jingdong Liu (京东集), CEO of Jing Dong, one of the largest ecommerce platform in china has delivered a speech during “16th Yabuli China Entrepreneurs Forum ” in Heilongjiang Yabuli, telling traditional entrepreneurs: “do not dream of setting up your own e-commerce platform” He described the traditional value chain for established products, such as tires. He
China Tire Dealer has a story with pictures of a heavily-laden small truck driving up the high speed expressway between Shanghai and Beijing on Feb 23 when it experienced a high-speed blowout. Source: China Tire Dealer
Commentary by our China editor February 19 – The US Department of Commerce has announced that it plans to start anti-dumping (AD) and anti-subsidy (CV) investigations on truck and bus tires imports from China. The Anti-dumping investigation period is from 1 July 2015 to 31 December. The Anti subsidy (Countervailing duties) investigation period is the
Although most in the tire industry now recognise that consolidation is necessary, that does not mean it will happen. One of the key reasons is lack of management experience at doing the deal. A report on Gasgoo says that only 40% at best of merger discussions end successfully. Source: Gasgoo China
A rather introspective article in Tire World assesses the differences between tires made by Chinese companies and those made under leading brands. The report is one of a number from an event tracking the future of China’s tire industry. The report addresses the new main concern of the CRIA and other policy-makers; that poor marketing
An article in Tire World tracks some recent mergers and acquisitions (M&A) activity in the tire industry and speculates about further M&A activity in tires. It begins with the first tires made in China: in October 1934 the Great China Rubber Factory in Shanghai produced bias truck tires carrying the Double Coin brand. Since then,
Donging City deals with around 50% of China’s tire exports. The city is setting its targets for the thirteenth five year plan (2016-2020). In the coming five-year-plan, Dongying will put in place three measures. It plans to become the country’s first tire and rubber manufacturing cluster by encouraging more tire makers into the region. The
Double Star says it has been investing in e-commerce and is claims to be the first Chinese tire manufacturer to re-build its management, organisation and product range to meet market demand. Double Star has been monitoring the market and now claims to deliver the right products at the right price. In management terms it is
Aeolus held a marketing meeting on 14 Feb, to underline the return to work after start of the Year of the Monkey. Over 260 attended the meeting which was chaired by local branch secretary, Qin Hongsheng (秦鸿胜) The focus of the meeting was to share experience of marketing, channel distribution and how to sell tires.
China’s tire company bosses are seeking a way forward, but few are finding it. In some cases, financial problems are so great that the company has been declared bankrupt, and a merger or cooperation forced upon it. Although this is painful at the time, without this drastic action the company would in any case die.
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