Jenny Chan 陳詠欣
Mar 18, 2013

GroupM agencies tipped to capture some of Master Kong's media business

SHANGHAI - A consortium of GroupM agencies has reportedly won some of Master Kong's media business from nine-year incumbent Carat following a pitch held in Tianjin in January.

GroupM agencies tipped to capture some of Master Kong's media business

OMD was also involved, but only in the initial presentation of credentials. The client eventually allocated the business to Carat and GroupM on concerns of a single agency dominating media-rebate practices, according to insider sources.

Carat will continue media planning and buying duties for all instant noodle products, and GroupM will form a special team with a mix of staff from its four sub-agencies to handle all of Master Kong's beverage products.

CTR's 2012 data show that three FMCG players (P&G, COFCO and Master Kong) in China have reached more than 100 million urban families in terms of market penetration, and all three have managed to extend their buyer base, demonstrating that even the giants have room to grow. The brand reduced its advertising expenditure in 2012 by 14.6 per cent.

Source:
Campaign China

Related Articles

Just Published

1 hour ago

Women to Watch 2024: Natalie Lowe, The Orangeblowfish

An independent creative agency leader, Lowe has transformed both her clients' businesses and her own team through impactful work, engaging dialogue, and active industry interaction.

2 hours ago

Brands are not choosing agencies as digital-transfor...

Business leaders are turning to IT firms, AI specialists, and consultancies—not agencies—for their digital transformation needs, according to a new VML report.

2 hours ago

New B Corp rules to tighten standards and rebuild ...

Stricter rules are coming for the 9,600 businesses in 102 countries that display the B Corp badge, as the accreditation system moves to better uphold its promise of putting ‘people and planet’ first.

2 hours ago

Havas’ global leaders on smart acquisitions, ...

EXCLUSIVE: Less M&A, more CX. Campaign Asia speaks with Havas’ global and regional leads about how the network is reshaping its business with CX at the core, avoiding the temptation of scale, and its plans in APAC.