CONNECT WITH US:
Aug, 10 2018 19:20 JST
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.
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
Source: Time Watch Investments Limited
Copyright ©2019 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Fujitsu and EXest Use AI to Assist Tourists Visiting Japan
Jan 16, 2019 10:14 JST
Hitachi Wins 600 EMU Train Cars for Intercity Express Service from the Taiwan Railways Administration
Jan 15, 2019 17:34 JST
Eisai to Present Results of Post-Hoc Analyses of Lenvima (Lenvatinib) Phase III Reflect Study in Hepatocellular Carcinoma at 2019 Gastrointestinal Cancers Symposium
Jan 15, 2019 14:31 JST
SDK Group Develops Ultralight Laminate-type Radiator for EV Battery Modules
Jan 15, 2019 14:30 JST
Eisai's New Drug Application for Insomnia Disorder Treatment Lemborexant Submitted in the United States
Jan 15, 2019 14:23 JST
Fujitsu and TC3 Promote Quantum Inspired Digital Annealer Next-Generation Architecture in Topcoder Contest
Jan 15, 2019 11:10 JST
Toyota Premieres New Supra at Detroit Auto Show
Jan 15, 2019 08:03 JST
2020 Lexus RC F and RC F Track Edition Debut in Detroit
Jan 14, 2019 14:10 JST
NEC Contributes to Ultra-High-Definition Live Video Transmission Test Utilizing 5G Conducted by NTT DOCOMO and TOBU RAILWAY
Jan 14, 2019 09:31 JST
TOYOTA GAZOO Racing World Rally Team Launches 2019 Challenge at the Autosport International Show
Jan 14, 2019 09:15 JST
Lexus LC Convertible concept Makes World Debut in Detroit
Jan 11, 2019 19:26 JST
Mitsubishi Shipbuilding Holds Christening Ceremony for Next-Generation LNG Carrier "NOHSHU MARU"
Jan 11, 2019 13:08 JST
Mazda Develops World's First Cold-Stamped Parts Using 1,310 MPa-Class High-Strength Steel
Jan 10, 2019 13:16 JST
MHIET: Two MGS Diesel Generator Sets Delivered for Hotel in Shanghai
Jan 10, 2019 11:52 JST
Mazda MX-5 Miata 30th Anniversary Edition to Premiere at Chicago Auto Show
Jan 09, 2019 12:24 JST
Hitachi Automotive Systems Develops Technology for On-board Stereo Cameras
Jan 08, 2019 14:29 JST
MHI President Miyanaga's 2019 New Year Message
Jan 08, 2019 14:20 JST
MHPS President Ando Delivers New Year's Message to Employees for 2019
Jan 08, 2019 14:10 JST
MHI and Sumitomo Receive Order for Rehabilitation and Maintenance of Manila MRT-3
Jan 08, 2019 13:42 JST
Mitsubishi Corporation and Kaneka to Set Up New Processed Oil Products Factory in Indonesia
Jan 08, 2019 10:29 JST
More Latest Release >>
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