A recent article by Philstar Biz highlighted SM Group’s ongoing expansion in China, likening it to the 1990s martial arts epic “Once Upon a Time in China” starring Jet Li. The film’s theme of resilience and cultural pride mirrors SM’s long-term commitment to the Chinese market.
The piece notes that SM, one of the Philippines’ largest conglomerates, has steadily grown its retail and property footprint in China over the past decade. The company’s strategy focuses on building malls and stores in key cities, adapting to local consumer preferences while leveraging its Philippine expertise.
By invoking the popular film, the article suggests SM views its China operations as a defining chapter in its corporate story. The company continues to navigate regulatory challenges and competition, but remains optimistic about long-term growth in the region.