Skip to Content Facebook Feature Image

Empowering Entrepreneurs: FLAsia 2024 to Ignite Franchising & Licensing Opportunities Across Asia

Business

Empowering Entrepreneurs: FLAsia 2024 to Ignite Franchising & Licensing Opportunities Across Asia
Business

Business

Empowering Entrepreneurs: FLAsia 2024 to Ignite Franchising & Licensing Opportunities Across Asia

2024-08-07 14:45 Last Updated At:15:05

SINGAPORE, Aug. 7, 2024 /PRNewswire/ -- The countdown has begun for Franchising and Licensing Asia (FLAsia) 2024 - one of the region's most anticipated trade events for franchising and licensing. Organised by the Franchising and Licensing Association (Singapore) and Constellar, FLAsia 2024 will take place at Sands Expo & Convention Centre from September 12 to 14. The trade event offers unparalleled opportunities for entrepreneurs and investors to connect with leading brands looking to expand across the rapidly growing Asia Pacific consumer market.

Asia's Gen Z Driving Future Consumption Demand and Retail Trends

As Asia continues to be a key driver of global economic growth, its increasingly affluent millennials, Gen Z consumers and the burgeoning middle class are shaping global consumption patterns and driving demand for quality services and products across various sectors. These include beauty and wellness, education, food and beverages, and technology – which are leading exhibitor profiles at FLAsia 2024.

Gen Zs will account for 23.2 percent of the global population and spending an estimated US$12 trillion by 2030, becoming the highest consumer spending class in many regions. Much of the total spending by this population will also be from non-Western countries[1]. This makes Asia one of the most lucrative regions with vast opportunities for homegrown and global brands to expand beyond their familiar markets and target Gen Zs through franchising & licensing, therefore increasing their potential as lucrative business models in Asia[2].

Franchising & Licensing Boosts Business Stability and Wealth Growth 

The United States of America is home to about 33.2 million small businesses, with only 2.4 percent (or over 806K) are franchises. While in Asia, China leads the Asian franchise market with over 4,000 franchise brands and 500,000 franchise outlets. Southeast Asia also hosts over 4,500 franchise systems with more than 160,000 franchisee firms. Coupled with a robust surge in franchising within India, Japan, South Korea and Taiwan in recent years, Asia now contributes to over 30 percent of all franchised businesses worldwide, establishing itself as a lucrative market for franchising undergirded by robust growth potential[3].

Against this backdrop, franchising & licensing is also becoming a viable and accessible option for financially-savvy younger generations seeking to monetise and grow their accumulated wealth as business owners[4]. An increasingly attractive alternative pathway to entrepreneurship, franchising & licensing significantly reduces risk and enhances the potential for a successful and rewarding career as a business owner.

Franchising & licensing offer more business stability and growth, while leveraging on the established master brand recognition, multiplier brand impact from wider marketing efforts, as well as training and comprehensive support offered across the business journey. Additionally, the benefits include enabling franchisees and licensees to be part of businesses and brands that resonate with their ambitions, aspirations and ethics.

"As the springboard to the vast Asian consumer market, Singapore is a strategic market and launchpad for master franchisors and aspiring entrepreneurs. The city's pro-business environment and stability offer a favourable climate for regional growth. FLAsia 2024 aims to be the essential platform for knowledge exchange and business networking for franchisors and franchisees to explore exciting partnerships," said Mr Dickson Low, President of the Franchising and Licensing Association (Singapore).

FLAsia 2024 Highlights

FLAsia 2024 expects to feature over 300 franchise brands and licensable characters by 150 exhibitors, including international franchises from Hong Kong, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, United States of America and Vietnam, enabling FLAsia 2024 as the most international franchising show in the region[5].

For F & B brands, attendees can also get more familiar with the brand experience and actual product, enabling them to make better informed decisions when considering franchising intent.

For the latest information on FLAsia 2024, connect on Linkedin and Facebook. To register, visit the FLAsia website.

For media enquiries and interview requests, contact the Constellar Communications team at comms@constellar.co.

About Franchising and Licensing Association (Singapore)

FLA (Singapore), one of the founding members of the World Franchise Council, was established in 1993 with the mission to nurture and develop Singapore's franchising industry. An essential component of Singapore's knowledge-based economy, FLA (Singapore) promotes and facilitates the use of franchising, licensing and branding as a growth strategy for Singapore enterprises, thus contributing to turning Singapore as a regional franchise and license hub. Through its partnership with Singapore government agencies and international franchise and license bodies, FLA (Singapore) also assists its members in their international development programmes. With an active growing membership of close to 150 companies, representing more than 250 strong brands, FLA (Singapore) is led and managed by a dedicated team of advisors, committee members and a full-time secretariat with the goal of supporting Singapore companies to expand internationally. https://www.flasingapore.org/

About Constellar

Constellar is Asia's preferred partner for convening businesses, curating ideas and creating opportunities for sustainable business growth and global impact. Based in Singapore with a regional footprint in China and Malaysia, we curate and develop influential trade and consumer events for key industries, connecting global marketplaces in sectors such as fintech, industrial transformation and ESG. We also manage the Singapore EXPO, Singapore's largest purpose-built venue for Meetings, Incentives, Conventions and Exhibitions (MICE). Our vision is to be a global leader made in Asia, activating impactful networks to enable cross-industry collaboration and innovation through our holistic portfolio of intellectual properties (IP) in the MICE industry. Visit Constellar.co for more information.

[1] These observations were made in a 2024 market research report by NielsonIQ and World Data Lab on the Gen Z population, which also noted that only 44 percent of Gen Z's total spending will come from Western countries (North America and the EU).

[2] Among these observations include franchise tea chains Nayuki, Hey Tea and Mixue Bingcheng expanding into Southeast Asia; 40-year-old Thai fast-food chicken franchise Five Star's aim for 11,500 outlets across 10 countries by 2024; Australian doughnut chain Lukumades (with franchises in Indonesia, Malaysia, Taiwan and UAE) recently opening its first franchise outlet in Singapore; US bakery chain Sprinkles entering South Korea and expanding to Singapore and Malaysia; Kusto Group planning to expand restaurant chain Wendy's presence in Central Asia, with 55 outlets across Uzbekistan and Kazakhstan by 2030; and  Wyndham Hotels & Resorts identifying Singapore as a key strategic market and opening Wyndham Singapore (previously The Peninsula Excelsior Singapore) to introduce the Wyndham brand in Asia.

[3] Franchising.com reported that the franchising landscape in Asia has experienced a robust surge in recent years, establishing the Asia-Pacific region as the global leader in the franchise market. Some observations include India holding the position of the third-largest market after United States and China, with over 4,600 active franchisers and nearly 200,000 outlets operated by almost 1.7 lakh franchisees; Japan as a major player in the Asian franchising scene, boasting over 1,500 franchise brands and 240,000 franchise outlets; South Korea experiencing a remarkable 50% increase in franchise brands since 2010 and Taiwan witnessing a notable 20% growth in franchise brands since 2010. 

[4] Entrepreneur.com and Forbes in recent years observed that franchising is a feasible way for investors to diversify their investment portfolios and build generational wealth with the right strategies and when matched with the right franchise(s). Entrepreneur.com also further featured working couple Nadine and James Middleton becoming successful entrepreneurs and achieving generational wealth through franchising. 

[5] Franchising & Licensing Asia 2023 showcased franchises and licensable characters from over 105 exhibitors and 5 country pavilions, as well as offered first-hand insights into the business from 46 experts at the FLA Conference, Workshop and Fresh! Brands Showcase. The event attracted over 6,500 attendees and facilitated over 300 business meetings and hosted tours.

[6] FT Consulting provides franchising, branding and Intellectual Property strategies and services to Southeast Asian enterprises; while XM Studios is an award-winning producer of hand-painted luxury art collectibles of characters by DC Comics, Marvel, Transformers, and more.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Empowering Entrepreneurs: FLAsia 2024 to Ignite Franchising & Licensing Opportunities Across Asia

Empowering Entrepreneurs: FLAsia 2024 to Ignite Franchising & Licensing Opportunities Across Asia

Next Article

JuCoin COO Nicolas Speaks on Why $JU is the Most Promising Ecosystem Token in Crypto

2025-01-23 15:30 Last Updated At:15:45

SINGAPORE, Jan. 23, 2025 /PRNewswire/ -- What makes $JU stand out in the competitive world of crypto tokens? In an exclusive interview with Nicolas, the COO of JuCoin, we uncover the strategic vision driving this game-changing token. As the cornerstone of JuCoin's ecosystem, $JU is poised to transform user experiences and solidify its place as the most promising ecosystem token in the crypto space today.

Interviewer: Nicolas, thank you for joining us today. JuCoin has been making waves in the blockchain space, and $JU is already generating significant buzz ahead of its launch. With so much anticipation, what sets $JU apart and positions it as the most promising ecosystem token in the market right now?

 Nicolas: Absolutely, and thank you for having me. We've always envisioned $JU as more than just another platform token—it's the core of JuCoin's entire ecosystem. What sets $JU apart is its deep integration across all facets of JuCoin's ecosystem.

 First, $JU offers unparalleled versatility. It powers token launches, provides transaction fee discounts, facilitates governance, enables staking, and rewards active participants. Additionally, $JU is a gateway to accessing JuCoin's high-quality ecosystem projects.

 Unlike many tokens that serve a single purpose, $JU seamlessly bridges the gap between being a utility token for users and a valuable asset for ecosystem projects. This multifaceted role ensures that $JU isn't just a token—it's the lifeblood of JuCoin's innovation. We're confident this level of integration and utility will set $JU apart in the competitive crypto space.

Interviewer: With so many platform tokens in the market, what makes $JU stand out, and why do you think it will succeed in the long run?

 Nicolas: What truly makes $JU stand out is its unique position within JuCoin's ecosystem. Unlike many purely transactional tokens, $JU is designed to be a central utility token that fosters long-term value creation. It's not just about holding a token—it's about actively participating in the entire JuCoin ecosystem and unlocking exclusive benefits.

 In addition, $JU serves as the native token of JuChain, the blockchain infrastructure we are building to empower the decentralized ecosystem of the JuChain network. This means $JU will have a dual role: fueling the innovation within JuChain's decentralized framework while continuing to serve as the core asset in the JuCoin exchange. Here, it gives users privileges like transaction fee discounts, governance rights, staking opportunities, and access to high-quality projects.

 Over time, this multi-functional design positions $JU as a true ecosystem token — one that bridges transactional utility, long-term rewards, and governance, ensuring its relevance and success for years to come.

Interviewer: Looking ahead, how does JuCoin envision $JU in the context of its 2025 strategy? What role do you see it playing as the platform grows?

 Nicolas: By 2025, JuCoin aims to become a global leader in both crypto trading and blockchain development, with $JU positioned at the heart of this transformation. A major part of our strategy is the development of JuChain, an integrated blockchain infrastructure that will support the next generation of decentralized applications, tool innovation, and infrastructure development. As the gas token of this ecosystem, $JU will fuel its growth.

 Additionally, our launchpad will play a critical role in onboarding high-potential projects, and $JU will be the key to gaining early access to these token launches. Beyond that, $JU will integrate deeply into our governance structure, enabling holders to vote on important decisions and directly influence the direction of the ecosystem.

 In essence, $JU is designed to power the entire JuCoin ecosystem—from blockchain infrastructure to decentralized applications and token launches. It serves as the unifying medium, aligning all stakeholders and creating new opportunities for everyone involved. We firmly believe it will be the cornerstone of our success and innovation moving forward.

Interviewer: Finally, for those who are looking to get involved in $JU and JuCoin, what message do you have for them?

 Nicolas: $JU is an opportunity to actively shape the future of the crypto ecosystem. Whether you're a trader or a project developer, $JU offers a unique chance to participate in something much larger than just a token—it's about becoming part of an innovative, growing platform.

 As JuCoin continues to expand and build its ecosystem, $JU holders will be positioned to benefit from everything the platform has to offer. If you believe in the future of blockchain and want to be part of a dynamic ecosystem, $JU is the token to watch.

 For crypto enthusiasts, we encourage you to follow us on our social media channels as we prepare to launch $JU and the JuCoin launchpad in the near future. Stay tuned—it's just the beginning of an exciting journey.

Follow Twitter: https://x.com/JuCoinex
Join Telegram: https://t.me/jucoinex
Visit the website: www.jucoin.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

JuCoin COO Nicolas Speaks on Why $JU is the Most Promising Ecosystem Token in Crypto

JuCoin COO Nicolas Speaks on Why $JU is the Most Promising Ecosystem Token in Crypto

Recommended Articles
Hot · Posts