He said some other sectors will witness a similar trend to that being experienced by cosmetics. For example, the hair-styling market in China is one of the biggest in the world for the company.
He said sports marketing is all about brand-building over the long-term. It requires continuity and stability. "Coca-Cola, for example, has sponsored Olympics for about 90 years, and the soccer World Cup for over 40 years, while releasing related ads and limited-version products during the events, so that its brand image can be passed down from generation to generation."
He read the statement in company of other former FARC leaders Jesus Santrich and Hernan Dario Velasquez, among others, who were armed in the video. The video was taped in a jungle setting and images of deceased rebels could be seen in the backdrop.
He said his firm has seen a surge in bankruptcy-related disputes in recent years, with the Beijing branch alone handling more than 500 last year.
He said that of course all corporations are there to make profit, but "to make maximum profit, you need to do more. That means being a good, trusted corporate citizen and society and contributing to peaceful and prosperous world," he emphasized.
He said Yale's smart ecosystem is already connected to Airbnb, Alexa, Googlehome and Apple's Siri.
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He said nine distribution centers for imported goods in Asia will be set up in the second phase of the center that is under construction.
He said no party should harm the free choice of customers. "If it works for businesses and customers, it should work for everybody."
He said many of the fires have been burning since October, which is early in the fire season, and will get worse as summer gets closer.
He said China is building a national mass entrepreneurship and innovation ecosystem to enable a better environment for entrepreneurs.