(Source: Inside Retail Philippines | May 26, 2017)
SM Investments Corporation (SM) has been honored in the Global Chinese Business 1000 Awards for Outstanding Performance.
It is the fifth year that SM China has received the award from Yazhou Zhoukan (YZZ), a leading Chinese business magazine behind the awards.
“We are truly honored and grateful to be recognized once again as a recipient of The Global Chinese Business 1000 Awards by Yazhou Zhoukan,” said an SM spokeswoman.
“Apart from the Philippines, China has become an important market for SM. As such, our company will continue to deliver long-term sustained growth and further expand our footprint through world-class businesses that deliver optimal returns for our investors and make a difference in the lives of millions.”
The Global Chinese Business 1000 Awards assessed all listed Chinese corporations around the globe based on their market value as at the end of August 2016 and awards pioneers with outstanding business operations.
SM China continues to expand in the country as consumer spending growth remains strong. SM Prime operates seven malls in China, focusing on tier 2 cities such as Xiamen, Jinjiang, Chengdu, Suzhou, Chongqing, Zibo and Tianjin.
SM City Tianjin is the newest landmark within the Tianjin Airport Economic Area at the emerging Binhai New Area, the largest free trade zone in Northern China and a thriving CBD where international corporations in logistics and financial services are setting up offices.