His fans own copies of Rush Hour and Shanghai Noon, but now kung fu movie star Jackie Chan (
One of the world's most famous Chinese celebrities hopes to parlay movie superstardom into a merchandising and retail empire that encompasses everything from clothing to cookies.
The action star's expanding business portfolio includes a clothing label, Jackie's Kitchen restaurants, a sushi eatery chain, Jackie Chan signature club gyms and most recently, a line of chocolates and nutritional oatcakes.
Chan's ambition doesn't end there -- he aspires to be a Martha Stewart-like marketing juggernaut.
The actor's goal is "total lifestyle branding," said Bon Ng, the business executive Chan has charged with developing his brand.
"Our coverage will be wide," Ng said, noting Chan hopes to expand into furniture and kitchenware.
It's not Chan's first foray into business. Chan said he opened car repair shops, gyms, gift shops and restaurants 20 years ago, but they failed because he wasn't savvy enough in business.
"I thought since I could make movies, I tried business on my own. I didn't know how to calculate, how much things I bought cost, how much a month's rent cost ... I lost several million, then millions again," he told reporters at a celebration of the third anniversary of his clothing line. Now, Chan said he's hired professional businessmen to do the nitty-gritty work, while he makes strategic decisions.
The popularity of his products also coincides with the rise of his stardom. Chan cemented his international superstardom in the late 1990s with the Hollywood action comedy Rush Hour, costarring Chris Tucker.
He has now been on the US talk show circuit and appeared on the prestigious US comedy show Saturday Night Live. US cities have designated Jackie Chan Day. The Toronto and Los Angeles police departments have named him an honorary policeman.
Jackie Chan is such a potent symbol for Hong Kong that local tourism officials have asked him to promote the territory as a travel destination.
Now Chan is hoping his strong name recognition will translate into a successful, all-encompassing product lineup.
It's an approach known in business parlance as "brand extension." Companies venture into new areas of businesses by leveraging the credibility of their existing products.
"Many companies know the value of their brands doesn't just lie in their product categories," said University of Hong Kong business professor Bennett Yim.
But Yim said so far it's a controversial formula that hasn't been proven. He said one form of safe brand extension is to venture into complementary products, such as a shaver maker launching a shaving cream.
Chan seems to have avoided that strategy by eyeing a "lifestyle" brand -- although he has diversified his entertainment products, unveiling his own cartoon series that pits Chan against bad guys in a battle for 12 magic talismans.
But Chan is capitalizing on his wholesome, healthy image. Case in point is the "Jackie Chan signature club" gyms, a partnership with California Fitness, part of the US-based 24 Hour Fitness health club chain. The gyms will offer special Jackie Chan workout classes.
Another example is Chan's line of cookies for the health conscious. Chan says he may even open "Jackie Chan supermarkets" in the future. He claims consumers will naturally think that any food product that bears his name is healthy.
"You don't know what product to trust, but many of my audience and fans will trust me," he said.
Chan's products also highlight his Chinese heritage. Chan's Chinese stage name means "becoming a dragon." His clothing line's logo blends the Chinese character for "dragon" and "Jackie." Chinese calligraphy appears on his T-shirts and jeans.
Chan and his business executive, Ng, said they didn't know revenue figures offhand but said Chan's business ventures are growing.
Chan said "Jackie's Kitchen" has four outlets in South Korea and one in Hawaii, with an imminent launch in Australia. Talks are underway for another eatery in Las Vegas, he said.
Meanwhile, Chan's clothing label boasts 40 shops in mainland China and the label's children's line is available in US department stores, Ng said. Expansion plans will cover Singapore, Malaysia, Thailand, Taiwan and South Korea.
Ng said Chan is targeting young professionals between 25 and 35.
But for now, Chan says he still earns more money making movies and that remains his top priority, adding he donates his business profits to charities because it's icing on the cake.
"I feel guilty about that money ... But the money I make from jumping from the second floor, this hard-earned, blood-and-sweat money ... I'll save for myself," he said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
CHINA RIVAL: The chips are positioned to compete with Nvidia’s Hopper and Blackwell products and would enable clusters connecting more than 100,000 chips Moore Threads Technology Co (摩爾線程) introduced a new generation of chips aimed at reducing artificial intelligence (AI) developers’ dependence on Nvidia Corp’s hardware, just weeks after pulling off one of the most successful Chinese initial public offerings (IPOs) in years. “These products will significantly enhance world-class computing speed and capabilities that all developers aspire to,” Moore Threads CEO Zhang Jianzhong (張建中), a former Nvidia executive, said on Saturday at a company event in Beijing. “We hope they can meet the needs of more developers in China so that you no longer need to wait for advanced foreign products.” Chinese chipmakers are in
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web