Chow Tai Fook to build membership management JV in China

Jun 8, 2017Updated Jun 4, 20251 min read

Chow Tai Fook‘s indirect wholly-owned subsidiary Solomon has signed a joint venture agreement with Golden, Edge, and Group Program Limited, aiming to develop and operate the group’s membership program in mainland China and Hong Kong.

Solomon and Golden will each own a 40% stake in the new joint venture, while Edge will own the remaining 20%.

Solomon will provide HKD40 million via share subscription and shareholder loan to the joint venture as initial capital. The initial capital will be used for information technology infrastructure development, marketing, and operation.

Chow Tai Fook said the group will benefit from the joint venture. Its directors believe the group will be able to access more potential customers covered by its cooperating partners. Moreover, the group can use its loyalty marketing plan to explore the potential values of its members in China and promote cross-sales among cooperating partners to improve the sales of the group.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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