Thailand's 7-11 Operator Eyes Expansion To China, Neighboring Countries

[webfact]

Thailand's 7-11 Operator Eyes Expansion to China, Neighboring Countries

By Payungsak Wiriyabunditkul

BANGKOK: -- Thai company CP ALL is eyeing overseas expansion in China through the increasingly ubiquitous 7-Eleven convenience stores, hoping to replicate the huge success story in the Southeast Asian market it has created over the last two decades.

newsjsAfter enjoying rapid domestic expansion, the operator of the 7-Eleven chain in Thailand is seeking approval from U.S.-based franchise owner 7-Eleven Inc. to start running the stores in China, CP All Managing Director Piyawat Titasattavorakul said Wednesday at a news conference. It hopes to get the green light by year-end.

7-Eleven Inc. is owned by Japanese company Seven & I Holdings Co.

CP All is planning to open 7-Eleven stores in one Chinese city near Shanghai, Mr. Piyawat said, without elaborating on investment details. [more...]

Full story: http://blogs.wsj.com/searealtime/2013/01/31/thailands-7-11-operator-eyes-expansion-to-china-neighboring-countries/

-- THE WALL STREET JOURNAL 2013-02-01

[rkidlad]

Why wouldn't China just open their own 7-11's?

[khwaibah]

This article is running in the Bangkok Post saying that they also are expanding into Vietnam, Lao, Myanmar and Cambodia.

[Thai at Heart]

Why wouldn't China just open their own 7-11's?

Because the Japanese who own 7-11 would rather deal with CP, which is one of the biggest companies in China anyway.

[rkidlad]

Why wouldn't China just open their own 7-11's?

Because the Japanese who own 7-11 would rather deal with CP, which is one of the biggest companies in China anyway.

Kudos to the Japanese on what they want.

[moe666]

I have Cpall stock up 55 percent

[Thai at Heart]

Why wouldn't China just open their own 7-11's?

Because the Japanese who own 7-11 would rather deal with CP, which is one of the biggest companies in China anyway.

Kudos to the Japanese on what they want.

CP is the biggest business fixer for foreign companies in China. They are truly a phenomenal company in China, nationwide reach. Someone else tried to launch 7-11 there a few years ago, and the tobacco monopoly distributors had a fit. The most commonly sold CP products are cigarettes and coke. So, the foreign cigarette companies have a very very large vested interest in getting 7-11 moving nationally.

[rkidlad]

Why wouldn't China just open their own 7-11's?

Because the Japanese who own 7-11 would rather deal with CP, which is one of the biggest companies in China anyway.

Kudos to the Japanese on what they want.

CP is the biggest business fixer for foreign companies in China. They are truly a phenomenal company in China, nationwide reach. Someone else tried to launch 7-11 there a few years ago, and the tobacco monopoly distributors had a fit. The most commonly sold CP products are cigarettes and coke. So, the foreign cigarette companies have a very very large vested interest in getting 7-11 moving nationally.

Great! If all else fails, bring in Thailand.

[Thai at Heart]

Great! If all else fails, bring in Thailand.

Not really. CP is a Thai company, but they have been doing business in China for a very very long time. I would hazard a guess that their business in China dwarfes the rest of the group. They have so many connections in central and local government, they really are the go to people if you want something sorted out in China. They have everythng from pig feed to motorcycles, to shopping centres, to property investment.

[rkidlad]

Great! If all else fails, bring in Thailand.

Not really. CP is a Thai company, but they have been doing business in China for a very very long time. I would hazard a guess that their business in China dwarfes the rest of the group. They have so many connections in central and local government, they really are the go to people if you want something sorted out in China. They have everythng from pig feed to motorcycles, to shopping centres, to property investment.

You don't happen to work for them, do you?

[TallGuyJohninBKK]

What Thai at Heart posted above about CP and China is correct. They're a huge player here in Thailand, as it's a much smaller country, but also play a very big role in China as well. They have their corporate fingers in a very wide range of business sectors.

[espinoza]

I found this at Wikipedia:

7-Eleven has been operating in China in cities including Beijing, Guangzhou, Shanghai, Shenzhen and Tianjin, since 2008, with some stores open since 1992. It offers little or no brand name items like Slurpee. Where Slurpees are offered, they use the Chinese name 思樂冰 (sīlèbīng). However, they offer a wide array of warm food, including traditional items like the steamed, filled bun. Shops in Chengdu offer a full variety of onigiri (饭团), though those in other cities may not. Also sold are some beverages, alcohol, candy, periodicals, and other convenience items. As of April, 2009, there were 591 7-Eleven locations in mainland China.[citation needed] Although Beijing locations were originally planned to be open "from 7:00 am until 11:00 pm, to suit the lifestyle of Beijingers",[18] the majority are open 24 hours every day.

[surangw]

2 on every major block?

[Thai at Heart]

Great! If all else fails, bring in Thailand.

Not really. CP is a Thai company, but they have been doing business in China for a very very long time. I would hazard a guess that their business in China dwarfes the rest of the group. They have so many connections in central and local government, they really are the go to people if you want something sorted out in China. They have everythng from pig feed to motorcycles, to shopping centres, to property investment.

You don't happen to work for them, do you?

No, but when you work in China and see the boss of cp in the paper with zhang zemin, you realise there are some very powerful people around.

Then realise that 90 of Chinese have no idea that chia thai is a thai company, and that 90% of thais have no idea that cp basically controls the whole south east Asian and c Chinese food markets. You wonder how and why does it get access and protection?

Then you can understand how some people get so extraordinarily rich so quickly. The owner of cp is probably the single most powerful businessman in China. Why don't we ever read more about him?

Edited February 1, 2013 by Thai at Heart

[JurgenG]

The mainland regulator has approved the sale of HSBC's remaining US$7.4 billion stake in Ping An Insurance ...

The sale to the Charoen Pokphan Group, controlled by Thailand's richest man, will be the biggest equity purchase in China by a foreign investor.

http://www.scmp.com/business/banking-finance/article/1141235/china-approves-hsbc-sale-remaining-us75b-ping-stake

CP is definitively not a small player ...

[JurgenG]

The owner of cp is probably the single most powerful businessman in China. Why don't we ever read more about him?

Because he is a supporter of the present administration. They share the same vision of Thailand as a regional power player, not as a Mickey Mouse magical entertainment kingdom administrated by out-of-touch landlords.

He is not the only one who has been very busy lobbying for the interests of Thailand in China

[hansgruber]

Will they build one every 30 meters just like Phuket?

[Thai at Heart]

The owner of cp is probably the single most powerful businessman in China. Why don't we ever read more about him?

Because he is a supporter of the present administration. They share the same vision of Thailand as a regional power player, not as a Mickey Mouse magical entertainment kingdom administrated by out-of-touch landlords.

He is not the only one who has been very busy lobbying for the interests of Thailand in China

That would be the same cp that maintains abhisits dad on the board of one of it's companies, right?

They had visions of being a regional player while yingluck was learning what a sim card was. These guys are three epitome of south east Asian Chinese business. and yet barely a ripple in the European or US business pages about them.

these guys are the Apple of agriculture in China,

When Thailand wants to lobby China, he does it. as chairman of the south east Asian business association, he lobbies on behalf of Singapore, Malaysia, and the rest also.

Edited February 1, 2013 by Thai at Heart

[TallGuyJohninBKK]

From Wiki... Begins to give you a sense of CP's historic ties/Thais with China...

The Charoen Pokphand Group (CP),^[2] known as the Chia Tai Group in China, is a Thai conglomerate that consists of three core businesses that operate in the agribusiness and food, retail and distribution, and the telecommunications industries with investment in 15 countries. Founded in 1921, the CP Group currently employs over 280,000 people with offices and factories located worldwide. Annual revenue for the year 2010 is USD 30 Billion.

History

Charoen Pokphand traces its beginnings back to 1921, when the Chinese immigrant brothers Chia Ek Chor (谢易初) and Chia Siew Whooy (谢少飞) started a seed store named Chia Tai Chueng in Bangkok's Chinatown during the reign of King Rama VI. They imported seeds and vegetables from China and exported pigs and eggs to Hong Kong.

http://en.wikipedia....haroen_Pokphand

Dhanin Chearavanont & family

Net Worth $9 B As of August 2012

At a Glance

• Age: 73
  
• Source of Wealth: Food
  
• Residence: Bangkok, Thailand
  
• Country of Citizenship: Thailand
  
• Marital Status: Married
  
• Children: 5
  

Forbes Lists

#1 Thailand's 40 Richest

#133 Forbes Billionaires

• #1 in Thailand
  

http://www.forbes.co...n-chearavanont/

CP also owns True Corp., which means they are the entity behind TrueVisions and their crappy cable TV system, True Online internet and True Move/True Move-H mobile service.

So sit back, buy a beer from 7/11, get some gai yang from one of the CP shops or from the CP brand at the market, go home and turn on the TV, and know that all of that is coming from CP.

Edited February 2, 2013 by TallGuyJohninBKK

[Thai at Heart]

From Wiki... Begins to give you a sense of CP's historic ties/Thais with China...

The Charoen Pokphand Group (CP),^[2] known as the Chia Tai Group in China, is a Thai conglomerate that consists of three core businesses that operate in the agribusiness and food, retail and distribution, and the telecommunications industries with investment in 15 countries. Founded in 1921, the CP Group currently employs over 280,000 people with offices and factories located worldwide. Annual revenue for the year 2010 is USD 30 Billion.

History

Charoen Pokphand traces its beginnings back to 1921, when the Chinese immigrant brothers Chia Ek Chor (谢易初) and Chia Siew Whooy (谢少飞) started a seed store named Chia Tai Chueng in Bangkok's Chinatown during the reign of King Rama VI. They imported seeds and vegetables from China and exported pigs and eggs to Hong Kong.

http://en.wikipedia....haroen_Pokphand

Dhanin Chearavanont & family

Net Worth $9 B As of August 2012

At a Glance

• Age: 73
  
• Source of Wealth: Food
  
• Residence: Bangkok, Thailand
  
• Country of Citizenship: Thailand
  
• Marital Status: Married
  
• Children: 5
  

Forbes Lists

#1 Thailand's 40 Richest

#133 Forbes Billionaires

• #1 in Thailand
  

http://www.forbes.co...n-chearavanont/

CP also owns True Corp., which means they are the entity behind TrueVisions and their crappy cable TV system, True Online internet and True Move/True Move-H mobile service.

So sit back, buy a beer from 7/11, get some gai yang from one of the CP shops or from the CP brand at the market, go home and turn on the TV, and know that all of that is coming from CP.

Note, they aren't publicly falling over themselves about the rice mess at all. It is just a spec in their business. Wife has an uncle who is high up in their chicken production in Myanmar. The numbers are gargantuan. I saw the owner on CNBC Asia. He talked about cup success in China as, "going home".

Edited February 2, 2013 by Thai at Heart