The whole of China rushed to borrow the name of the world’s richest billionaire to “get lucky”?

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2021-11-05 13:56:23

According to the South China Morning Post (SCMP), citing a report, up to 273 companies in China have used the name of billionaire Elon Musk to register the names of their products in both English and Chinese. Central.

This is not the first time that a well-known name has become a brand “inspiration” for such Chinese companies. Previously, American basketball star Michael Jordan also “falled” into a similar situation.

“Ok” hundreds of Chinese companies “borrow” the name

The popularity of Tesla electric cars has made billionaire Musk a favorite “brand” in China. Photo: Getty

Billionaire Elon Musk, the richest person in the world according to the latest updated list of the prestigious Forbes magazine, has become a “brand name” for hundreds of small-scale Chinese businesses, from fashion, advertising to advertising. Report to restaurant or design.

An investigation into business information by Ithome.com – a Chinese technology portal – found that 273 companies have trademarked a brand or their product with an English name or Chinese by billionaire Musk.

These companies are spread across China, which shows that the popularity of this American billionaire has spread throughout the world’s most populous country.

Businesses started using Elon Musk’s name for brands as Tesla electric cars made by billionaire Musk’s company became more popular around the world. In 2018, Tesla opened its first electric vehicle factory in China.

According to reports, the first company to use the name Elon Musk in the trademark was a printing company in the eastern province of Zhejiang. In 2015, the company used Mr. Musk’s name for one of its products. In the southern province of Guangzhou, a textile company has registered a trademark under the Musk name in both English and Chinese.

The whole of China rushed to borrow the name of the world's richest billionaire to get lucky?  - Photo 2.

Billionaire Elon Musk has become a brand inspiration for hundreds of businesses in China. Photo: SCMP

In Hainan Island, the name of Science and Technology Company “Ai Long Ma Si Ke” is simply a transliteration of the name “Elon Musk”.

Billionaire Musk, who is worth $274.4 billion according to Forbes, is not the first celebrity to “surprise” to see his name on the brands of Chinese businesses.

When Barack Obama was US President, trademarks with characters like “Ao Ba Ma” – a transliteration of the name “Obama” – were registered by more than 20 companies in China.

Last year, NBA superstar Michael Jordan won a “name ownership” battle against a major Fujian-based sportswear manufacturer, which used the trademark. “Qiaodan” – the Chinese transliteration of “Jordan” – in a legal battle that lasted 9 years.

On the Weibo social network, when commenting on this issue, one person said: “I feel speechless. They’re just eating along.”.

Another asked the question: “Are people using his name for their brand because they think it will bring good luck?”.

“Hot” when billionaire Musk’s fortune exceeds 300 billion

The whole China rushed to borrow the name of the world's richest billionaire to get lucky?  - Photo 3.

Billionaire Elon Musk. Photo: Reuters

According to the latest statistics of the famous magazine Forbes, billionaire Elon Musk’s fortune is estimated at $ 274.4 billion. Meanwhile, the updated number on Bloomberg’s billionaire wealth ranking on October 29 is at $302 billion.

According to Bloomberg, the combined net worth of two “rivalry” billionaires Elon Musk and Jeff Bezos is $501 billion, surpassing the $500 billion threshold.

In which, billionaire Elon Musk – CEO and chief engineer of SpaceX and a product architect of Tesla Inc – has consolidated his No. 1 position on Bloomberg’s billionaires ranking with wealth. worth $302 billion.

For comparison, it can be seen that this wealth is higher than the market capitalization of such cult companies as Netflix ($298 billion) and Nike ($260 billion).

According to Bloomberg, billionaire Musk’s fortune increased by more than $36 billion in just one day thanks to shares of electric car maker Tesla, which increased 13% due to a large contract.

Even last week, Morgan Stanley analysts predicted that Mr. Musk would become the world’s first trillionaire thanks to his space exploration business.

Meanwhile, Amazon founder and CEO Jeff Bezos is second on the list with a fortune of $199 billion.

Currently, the two richest billionaires in the world are competing fiercely in the space race. And of course, this game is really attractive when both have the same amount of money.

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