Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 10 August 2018, 18:20 HKT/SGT
Share:
    

Source: Time Watch Investments Limited
Time Watch Celebrates 30th Anniversary of Tian Wang Brand
Building on the past 30 years of achievements and continuing with pragmatic approach to business

HONG KONG, Aug 10, 2018 - (Media OutReach) - Time Watch Investments Limited ("Time Watch", which together with its subsidiaries is referred to as "the Group", SEHK stock code: 02033), a leading manufacturer, brand owner and retailer of watches in China, celebrated the 30th anniversary of its core and renowned domestic brand Tian Wang on 8 August 2018, marking a milestone in its business.

Capitalizing on China's Economic Reform, the Group established Tian Wang brand in 1988 and entered China's retail market for domestically made watches. Over the past 30 years, Tian Wang has become a trendsetter in the industry and has launched a variety of product designs according to the preferences and needs of diverse customers. By providing trendy and high-quality watches at reasonable prices, Tian Wang has achieved consistent success and has developed strong brand recognition.

Since 2013, the Group has been running an e-commerce division for Tian Wang brand through strategic cooperation with several major online platforms in China. The move has allowed Tian Wang to tap into the younger generation's rising spending power. The Group keeps making steady progress in online sales and has achieved remarkable results over the years. In 2017, Tian Wang continued to be ranked No.1 among domestic watch brands in terms of sales volume at T-mall of Alibaba Group during "Nov 11 Shopping Festival" for the fifth consecutive year.

In the course of 30 years of brand building, Tian Wang has developed a nationwide footprint, managing about 2,600 stores directly in all economically vibrant cities. Its business grew consistently year by year with annual sales of about RMB2 billion, so much so that Tian Wang has topped the chart of sales of domestically made watches in China for many years. After 30 years of relentless efforts, Tian Wang has won over 70 awards and honors.

Mr. Tung Koon Ming, Chairman and Chief Executive Officer of the Group and Founder of Tian Wang said, "The entire staff has been working as a cohesive group through thick and thin for 30 years to build Tian Wang into a renowned watch brand in China. This has already marked a very significant milestone in the history of the Group. I truly appreciate all customers, business partners, staff members and those who have been supportive throughout the years from the bottom of my heart. Tian Wang could not have been a successful and renowned domestic brand without their involvement and contribution. Looking ahead, we remain confident about Tian Wang's future development. We will tap the market for growth and strengthen Tian Wang's leading position in the industry. To achieve the goals, we will keep enriching our product mix to cater for diverse consumers in the fast-changing market, and continue to develop our online retail business. Meanwhile, we will strive to provide more stylish and high-quality watches for customers, help our staffs to grow, and generate better returns to the Group, thus manifesting the spirit of Tian Wang."

Please click here for the high-resolution photo. https://ogilvy.egnyte.com/dl/8DdaGXZkYo

About Time Watch Investments Limited

Time Watch is the leading manufacturer, brand-owner and retailer of watches in the PRC domestic watches brand market with two proprietary brands, Tian Wang and Balco. The Group primarily engages in the product design and development, sourcing of watch components, assembling and, marketing and sales of the Group's core brand, Tian Wang. The Group was listed on the main board of the Hong Kong Stock Exchange on 5 February 2013.

For further information, please contact:
iPR Ogilvy & Mather
Tina Law / Gary Li / Wing Chak / Eudice Law
Tel: (852) 2136 6181 / 3170 6753 / 3920 7683 / 3920 7684
Fax: (852) 3170 6606
Email: timewatch@iprogilvy.com


Aug 10, 2018 18:20 HKT/SGT
Topic: Press release summary

http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
Mr. Tung Koon Ming, Chairman and Chief Executive Officer of the Group and Founder of Tian Wang, gives a speech at the celebration of Tian Wang's 30th anniversary
View Image
 

Latest Press Releases
World's Largest Jewellery Marketplace Opens Next Week  
Feb 19, 2019 20:00 HKT/SGT
TANAKA to provide Pure Gold, Pure Silver, and Pure Bronze Medals to the top three men and women finishers at the Tokyo Marathon 2019 (to be held on March 3)  
Feb 19, 2019 19:00 HKT/SGT
Honda Announces Global Automobile Manufacturing Restructure  
Feb 19, 2019 16:21 HKT/SGT
WikiFX kicks off its Full International in Shanghai  
Feb 19, 2019 16:15 HKT/SGT
Summary of Honda CEO Speech on Organizational Changes  
Feb 19, 2019 16:04 HKT/SGT
JCB Extends Its Reach across Europe with JCC Payment Systems  
Feb 19, 2019 16:00 HKT/SGT
NEC Passes the First ETSI Millimetre Wave Transmission (mWT) Plugtests Event  
Feb 19, 2019 15:30 HKT/SGT
NEC Withdraws from a Segment of Ratings Coverage  
Feb 19, 2019 14:45 HKT/SGT
Mitsubishi Corporation: Gas4Sea Partners and Equinor Signed an LNG Bunkering Agreement   
Feb 19, 2019 14:31 HKT/SGT
Mitsubishi Heavy Industries Signs LOI to Join Charter of Trust for Cybersecurity  
Feb 19, 2019 12:40 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: