International Expansion Weekly Newsletter—6/8/17
Startups & Tech
The world’s 5th-largest smartphone brand, China-based Vivo, which is currently only available in China, is starting its international expansion process by sponsoring the World Cup (Forbes). The company has agreed to sponsor both the 2018 and 2022 World Cups for 60 million euros per year.
US-based Creamistry, a liquid-nitrogen ice cream chain, will open 70 new stores this year (Orange Country Register) in such places as China, Saudi Arabia, and Kuwait. The 4-year-old company currently operates 41 stores in 3 countries.
US-based startup accelerator Creative Startups will matriculate its first international cohort (Albuquerque Journal) in Kuwait this November. The accelerator is also in advanced-talks for programs in Portugal in Malaysia.
Due to increased demand for Chinese outbound travel, China-based China Southern is starting routes to Malaysia, The Maldives, and Sri Lanka (ATW) this summer. The company is also increasing the frequency of several routes to North America and applying to the Chinese government for permission to start a route to Pakistan.
China-based rail company China Railway Rolling Stock Corp. will establish 11 regional branches in such regions as Russia, the UK, Australia, and South Africa (China Daily) by 2020. Each branch will centralize the company’s initiatives in its respective region and facilitate bidding for projects.
Japan-based Huis Ten Bosch, an operator of Dutch-themed amusement parks, plans to expand internationally (Nikkei Asian Review) but has not released concrete details of its plans. The company is looking for cities with 10 to 30 million customers and will likely locate its first international park in Asia.
Canada-based dollar store Dollarama has internationalized by supplying a Central America-based dollar store (Financial Post), Dollar City, with products. Dollarama has an option to buy a majority stake in Dollar City in February 2020.
UK-based Eunomia, a consultancy and research organization focused on waste management, has opened an office in New York (Resource). This is the company’s first presence in North America.
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