AB INTL GROUP Announces Launch of a Film Entity as Subsidiary in China
AB International Group Corp. (OTC: ABQQ) has announced the launch of a wholly owned subsidiary in China, aiming to tap into one of the world's largest film markets. This strategic move allows ABQQ to gain direct access to the lucrative Chinese market, potentially increasing profit margins and enabling better content localization. The company has also formed a collaboration with Hua Xia Film Group for yearly film productions.
CEO Chiyuan Deng expressed confidence in the team's ability to adapt to local market dynamics and deliver content that resonates with Chinese audiences. However, ABQQ will face challenges such as navigating China's complex business environment and ensuring content compliance with local laws. The success of a newly released film will serve as a litmus test for this strategy.
AB International Group Corp. (OTC: ABQQ) ha annunciato il lancio di una controllata interamente posseduta in Cina, con l'obiettivo di entrare in uno dei più grandi mercati cinematografici del mondo. Questa mossa strategica consente a ABQQ di accedere direttamente al lucrativo mercato cinese, aumentando potenzialmente i margini di profitto e migliorando la localizzazione dei contenuti. L'azienda ha anche avviato una collaborazione con Hua Xia Film Group per produzioni cinematografiche annuali.
Il CEO Chiyuan Deng ha espresso fiducia nella capacità del team di adattarsi alle dinamiche del mercato locale e di offrire contenuti che risuonino con il pubblico cinese. Tuttavia, ABQQ dovrà affrontare sfide come la navigazione nel complesso ambiente commerciale della Cina e l'assicurazione che i contenuti siano conformi alle leggi locali. Il successo di un film recentemente rilasciato servirà da test di verifica per questa strategia.
AB International Group Corp. (OTC: ABQQ) ha anunciado el lanzamiento de una subsidiaria de propiedad total en China, con el objetivo de aprovechar uno de los mercados cinematográficos más grandes del mundo. Este movimiento estratégico permite a ABQQ acceder directamente al lucrativo mercado chino, lo que podría aumentar los márgenes de beneficio y facilitar una mejor localización de contenidos. La empresa también ha formado una colaboración con Hua Xia Film Group para producciones cinematográficas anuales.
El CEO Chiyuan Deng expresó confianza en la capacidad del equipo para adaptarse a las dinámicas del mercado local y ofrecer contenido que resuene con las audiencias chinas. Sin embargo, ABQQ enfrentará desafíos, como navegar por el complejo entorno empresarial de China y asegurar que el contenido cumpla con las leyes locales. El éxito de una película recién estrenada servirá como prueba de esta estrategia.
AB International Group Corp. (OTC: ABQQ)는 중국에 전액 출자된 자회사를 설립한다고 발표했으며, 이는 세계에서 가장 큰 영화 시장 중 하나에 진출하기 위한 것입니다. 이 전략적 움직임은 ABQQ가 수익성이 높은 중국 시장에 직접 접근할 수 있게 하여, 잠재적으로 이익률을 증가시키고 콘텐츠 현지화를 개선할 수 있게 합니다. 이 회사는 또한 매년 영화 제작을 위해 Hua Xia Film Group와 협력 관계를 맺었습니다.
CEO 치유안 덩(Chiyuan Deng)은 팀이 지역 시장 역학에 적응하고 중국 관객의 공감을 얻는 콘텐츠를 제공할 수 있다는 자신감을 표현했습니다. 그러나 ABQQ는 중국의 복잡한 비즈니스 환경을 헤쳐 나가고 콘텐츠가 현지 법률을 준수하도록 보장해야 하는 등의 도전에 직면할 것입니다. 새로 릴리즈된 영화의 성공은 이 전략의 평가지표 역할을 할 것입니다.
AB International Group Corp. (OTC: ABQQ) a annoncé le lancement d'une filiale entièrement détenue en Chine, visant à exploiter l'un des plus grands marchés cinématographiques du monde. Ce mouvement stratégique permet à ABQQ d'accéder directement au lucratif marché chinois, ce qui pourrait accroître les marges bénéficiaires et améliorer la localisation des contenus. La société a également formé une collaboration avec le Hua Xia Film Group pour des productions cinématographiques annuelles.
Le PDG Chiyuan Deng a exprimé sa confiance dans la capacité de l'équipe à s'adapter aux dynamiques du marché local et à livrer des contenus qui résonnent avec le public chinois. Cependant, ABQQ devra relever des défis tels que la navigation dans l'environnement commercial complexe de la Chine et garantir la conformité des contenus aux lois locales. Le succès d'un film récemment sorti servira de test décisif pour cette stratégie.
Die AB International Group Corp. (OTC: ABQQ) hat die Gründung einer hundertprozentigen Tochtergesellschaft in China bekannt gegeben, um einen der größten Filmmärkte der Welt zu erschließen. Dieser strategische Schritt ermöglicht es ABQQ, direkten Zugang zu dem lukrativen chinesischen Markt zu erhalten, was potenziell die Gewinnmargen erhöhen und eine bessere Lokalisierung von Inhalten ermöglichen könnte. Das Unternehmen hat außerdem eine Zusammenarbeit mit der Hua Xia Film Group für jährliche Filmproduktionen gegründet.
CEO Chiyuan Deng äußerte Vertrauen in die Fähigkeit des Teams, sich an die lokalen Marktbedingungen anzupassen und Inhalte zu liefern, die bei den chinesischen Zuschauern Anklang finden. ABQQ wird jedoch Herausforderungen gegenüberstehen, wie der Navigation durch das komplexe Geschäftsumfeld Chinas und der Gewährleistung der Einhaltung lokaler Gesetze für Inhalte. Der Erfolg eines neu veröffentlichten Films wird als Gradmesser für diese Strategie dienen.
- Gained direct access to China's film market, the second-largest box office market globally
- Established collaboration with Hua Xia Film Group for yearly film productions
- Potential for increased profit margins by eliminating third-party distributors
- Opportunity for better content localization and cultural adaptation
- Enhanced ability to navigate regulatory environment and manage risks in the Chinese market
- Faces challenges in navigating China's complex business environment
- Must ensure content compliance with strict local laws and regulations
- Success heavily dependent on capital investment
- Potential risks related to intellectual property rights issues in China
- Performance of newly released film will be important in determining strategy success
NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, announces the launch of a wholly owned subsidiary in China, which is aiming to tap into one of the world's largest and most dynamic film markets.
1.Market Access and Revenue Potential: China's film industry has been rapidly growing, ranking as the second-largest box office market globally. By establishing a subsidiary there, ABQQ gains direct access to this lucrative market without the need for third-party distributors, potentially increasing profit margins.
2. Cultural and Content Localization: Operating directly in China allows ABQQ to better tailor its content to local tastes, which is crucial given China's stringent content regulations and cultural preferences. This could lead to higher acceptance and box office success for films distributed through their subsidiary.
3. Strategic Partnerships: The collaboration with Hua Xia Film Group for films yearly indicates that ABQQ is not just entering the market but doing so with established partners. This can facilitate smoother regulatory navigation, distribution, and marketing within China, leveraging local expertise.
4. Risk Management: While entering the Chinese market offers significant opportunities, it also comes with risks like regulatory changes, censorship, and market competition. By setting up a subsidiary, ABQQ is looking to manage these risks more effectively, perhaps by localizing operations, understanding, and adapting to the regulatory environment more swiftly.
5. Brand Expansion and Global Strategy: This move could be part of a broader strategy to expand ABQQ's brand globally. Having a physical presence in key markets like China can enhance ABQQ's reputation as a global player in film distribution, potentially attracting more international projects or partnerships.
6. Challenges: Despite the potential, ABQQ will face challenges like navigating China's complex business environment, dealing with intellectual property rights issues, and ensuring content compliance with local laws. The success of a newly release film will be a litmus test for our strategy.
7. Long-term Vision: This could be part of a long-term vision where ABQQ aims to not just distribute films but perhaps produce content specifically for the Chinese market or even expand into other entertainment sectors, given China's growing digital content consumption.
“ABQQ's successful establishment of this film business subsidiary in China reflects ABQQ's strategic move to capitalize on the growing Chinese market, potentially increase revenue, and establish a stronger global presence in the film industry. We understand that the success of this business depends heavily on capital investment, and I am confident that the team will be able to adapt to local market dynamics, manage risk, and deliver content that resonates with Chinese audiences,” stated Chiyuan Deng, CEO, who also serves as a film director and producer.
About AB International Group Corp.
AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engaged in acquisition and distribution of movies. The Company operates AB Cinemas, physical movie theaters currently in NY with plans to expand nationwide (www.abcinemasny.com). The company also owns ABQQ.TV which is a movie and TV show online streaming platform. ABQQ TV generates revenue through a hybrid subscription model and advertising model like other online streaming platforms.
For additional information, visit www.abqqs.com, www.abcinemasny.com, and www.ABQQ.tv.
Forward-Looking Statements
This press release contains “forward-looking statements” that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company’s management team and statements relating to the Company’s transformation, financial and operational performance including the acceleration of revenue and margins, and the Company’s overall strategy. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in AB International Group markets as well as the other risks detailed in company filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.
Investor Relations Contact:
Charles Tang
(852) 2622 2891
corp@abqqs.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/00b8bdcc-dcdb-4c14-b9c5-fcaf6a315c89
https://www.globenewswire.com/NewsRoom/AttachmentNg/5331fe87-8f9f-4807-9330-8693655dd5cf
FAQ
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