Fortune Character November 2014

] ]

+BOF.D#SJEF

,FJUI

CONTENTS /PW7PM

036

018 052

2014

MERGER IN THE .7:74;+0&7564;

]

]

+BOF.D#SJEF

]

]

]

]

]

]

CONTENTS

e,*50/"7*$64

/&e5*(&3(&03(+&/4&/)"/."$

"450/."35*/30:"-4"-65&86-*"/(:&,*50/10.&--"50"7*$64

]

]

]

41"]

]

]

'$*"3530//&5/&e5*(&3(&03(+&/4&/)"/."$

116

106

/PW7PM

060

CM

Y

CM

MY

CY

CMY

K

.pdf 1 2014/5/21 12:58:10

*44/$//

#FO8JMMJBNTPO$&0

$00

4UVBSU8BTT

Steven Yao$IBJSNBOPGUIF(SPVQBen Williamson$&0PGUIF(SPVQTina Zhou$00PGUIF(SPVQStuart Wass*OUFSOBUJPOBM1VCMJTIJOH%JSFDUPSGuang Ning*OUFSOBM1VCMJTIJOH%JSFDUPS

40)0

$IBSMPUUF4USFFU-POEPO6OJUFE,JOHEPN853) 4UVBSU8BTTJOGP!GPSUVOFDIBSBDUFSNFEJBDPNXXXGPSUVOFDIBSBDUFSNFEJBDPN

-PDVTU"WFOVF/FX$BOBBO$POOFDUJDVU$564" #FSOBEFUUF'MPSZJOGP!GPSUVOFDIBSBDUFSNFEJBDPNXXXGPSUVOFDIBSBDUFSNFEJBDPN

40)0 GDJ!GDWWJQDPN

XXXGDWWJQDPN

$IBSMPUUF3IPEFT

,FJUI4USBOECFSH

+BDL$BSSPMM

%BWJE3PCJOTPO

/FJM#FDLFUU

+PIO%FMHPVMFU

%BWJE)JCCMF

#JMM%VOOFUU

Tina Zhou&EJUPSJODIJFGCharlotte Rhodes*OUFSOBUJPOBM.BOBHJOH&EJUPSKeith Strandberg8BUDI&EJUPSJBMJack Carroll"WJBUJPO&EJUPSJBMDavid Robinson:BDIU&EJUPSJBMNeil Beckett8JOF&EJUPSJBMJohn Delgoulet.PUPSJOH&EJUPSJBMDavid Hibble5SBWFM&EJUPSJBMBill Dunnett&EVDUJPO&EJUPSJBMYing Wei / Yi Zai / Ivy Liu / Cindy Sun / Maud Zhu'JOBODJBM&EJUPSJBMPaul Bao Evan Yang&OHMJTI&EJUPSJBMPeter Hu'BTIJPO&EJUPSJBMGuanying Wang"SU%JSFDUPSMengxia Ren %FTJHOFSCeline Xiong /Isabella Wu Teresa Li.BSLFUJOHShikai Yao Victor Yan Anber Tong$JSDVMBUJPO

(GLWRULDO'HSDUWPHQW

"OHVT6SRVIBSU

%POBME4UFQIFOTPO.BS[JB(IJTFMMJ

1JFSHJPSHJP%BM4BOUP%BWJE4JNQTPO

"BSPO(SBZ'JPOO0#SJFO

'SBODFTDP-BTDBSJ"MJTPO+VSBOWJMMF

-PMB$PIFO.JLF5SJVOGP

/JDPMF.D-BDIMBO.BUU'MPSZ

.BSJB&VHFOJB$BVEVSP$SV[

7JNBM"OBOE

4BMMZ"SOPME

EMEA"OHVT6SRVIBSU%POBME4UFQIFOTPO.BS[JB(IJTFMMJ1JFSHJPSHJP%BM4BOUP%BWJE4JNQTPO"BSPO(SBZ'JPOO0#SJFONorth America & Caribbean'SBODFTDP-BTDBSJ"MJTPO+VSBOWJMMF-PMB$PIFO.JLF5SJVOGP/JDPMF.D-BDIMBO.BUU'MPSZSouth America.BSJB&VHFOJB$BVEVSP$SV[India7JNBM"OBOEAustralasia4BMMZ"SOPME

,QWHUQDWLRQDO6DOHV'HSDUWPHQW

$FDGHPLF6XSSRUW

LetterEditor's

-7.) %'4 4FQIPSB

#VSCFSSZ

7BMFOUJOP7BMFOUJOP$&04UFGBOP4BTTJ 7BMFOUJOP 7BMFOUJOP 7BMFOUJOP

.VMCFSSZ .VMCFSSZ .VMCFSSZ

1SBEB.jHJTTFSJF)FSWZ1SBEB1SBEB.jHJTTFSJF)FSWZ

READING ]

+JNNZ$IPP *10+JNNZ$IPP *10 +JNNZ$IPP *10 *10+JNNZ$IPP7PHVF5BNBSB.FMMPO +JNNZ$IPP 3FJNBOO +PI"#FODLJTFS

45"5*45*$4

] READING

$IBOFM $IBOFM

#PPIPPDPN #PPIPPDPN1-$#00- *5%"

5PET3PHFS7JWJFS5PET 3PHFS7JWJFS 5PET

.PVOU.POBEOPDL

-7.)4FQIPSB $&0$ISJTUPQIFSEF-BQVFOUF

1BUFL1IJMJQQF

/0

/0

4BMWBUPSF'FSSBHBNP -"-*26&f+".&446$,-*/(10*/544BMWBUPSF'FSSBHBNP -BMJRVF

4BMWBUPSF'FSSBHBNP -BMJRVFQPJOUT +BNFT4VDLMJOH -BMJRVF

30-*30-* " )PSJ[POT7FOUVSF)PSJ[POT7FOUVSFT 'BDFCPPL4QPUJGZ4LZQF8B[F4JSJ%FFQ.JOE4VNNMZ30-* " #BMEFSUPO$BQJUBM 'JSTU.BSL*OEFY7FOUVSFT 6OJWFSTBM.VTJD(SPVQ

1SBEB1SBEB4Q"), 1SBEB1SBEB 1SBEB

.JDIFMMF0CBNB 7PHVF"OOB8JOUPVS%JBOFWPO'VSTUFOCFSH3FFE,SBLPGG/BSDJTP3PESJHVF[;BD1PTFO4QBOY4BSB#MBLFMZ-VDLZ&WB$IFO$FMFCSBUJPOPG%FTJHO

-PVJT7VJUUPO-PVJT7VJUUPO-7,BSM-BHFSGFME

READING ]

,BSM-BHFSGFME

70*$&

] READING

$PUZ$IBOFM #PVSKPJT$IBOFM$PUZ$PUZ$IBOFM#PVSKPJT $IBOFM

4BMPW4BMPW8FFUBCJY4BMPW 'JMJQQP#FSJP 4BMPW 'JMJQQP#FSJP

"CFSDSPNCJF'JUDI )PMMJTUFS )PMMJTUFS"CFSDSPNCJF'JUDI$P/:4&"/')PMMJTUFS 'SBO)PSPXJU[.JLF+FGGSJFT'SBO)PSPXJU[ "OO*OD /:4&"// "OO5BZMPS-PGU &YQSFTT*OD/:4&&913 .BDZT*OD/:4&. #MPPNJOHEBMFT 'SBO)PSPXJU[ "CFSDSPNCJF'JUDI$P

$IBOFM

%JBOF7PO'VSTUFOCFSH

+PIO(BMMJBOP

'$*

FC REPORT ]

2014

'$* '$*

] FC REPORT

CHINA DUTY-FREE REPORT

FC REPORT ]

%'4

%'4

%VGSZ

] FC REPORT

FC REPORT ]

%'4

%'4%VUZ

'SFF4IPQ

%'4

%'4 -7.)

%'4

%'4

%VGSZ

%VGSZ

/VBODF

%VGSZ

'PMMJ'PMMJF

/VBODF

%VGSZ

%VGSZ

] FC REPORT

-4USBWFMSFUBJM

-4USBWFMSFUBJM-BHBSEFSF4FSWJDFTUSBWFM

SFUBJM

3FMBZ

%VGSZ

"%33FUBJM

(FS[PO

"FMJB%VUZ'SFF

-PUUF%VUZ'SFF

-PUUF

(FCS)FJOFNBOO

(FCS)FJOFNBOO

8PSME%VUZ'SFF(SPVQ

8PSME%VUZ'SFF(SPVQ

"M

.VTCBI

5IF/VBODF(SPVQ

5IF/VBODF(SPVQ

%VGSZ

%VGSZ

/VBODF

8BUTPO

%VGSZ %VGSZ

%VGSZ

%VGSZ)VETPO%VGSZ

%VGSZ

%VGSZ

%VGSZ

%VGSZ

%VGSZ

5IF4IJMMB%VUZ'SFF

5IF4IJMMB%VUZ'SFF

1$

,%#%BFXPP4FDVSJUJFT

%VCBJ%VUZ'SFF

%VCBJ%VUZ'SFF

$PODPVSTF

""

&NJSBUFT"

FC REPORT ]

&WFS3JDI(SPVQ

&WFS3JDI%VUZ'SFF4IPQ

,JOH1PXFS*OUFSOBUJPOBM

5BJMBOE

,JOH1PXFS*OUFSOBUJPOBM(SPVQ

3BOHOBN

4SJWBSFF

4VOSJTF%VUZ'SFF

4VOSJTF%VUZ'SFF

%VUZ'SFF"NFSJDBT

%VUZ'SFF"NFSJDBT

%JPS

$IJOB%VUZ'SFF(SPVQ

$IJOB%VUZ'SFF(SPVQ$%'(

FC REPORT ]

"FS3JBOUB*OUFSOBUJPOBM

"FS3JBOUB*OUFSOBUJPOBM

#FJSVU%VUZ'SFF

#BISBJO%VUZ'SFF

%FMIJ%VUZ'SFF

$5$"3*

8)4NJUI

8)4NJUI

5BMMJOL(SPVQ

5BMMJOL(SPVQ

4JMKB-JOF

5BY'SFF4VQFSTUPSF

4JMKB4FSFOBEF

4JMKB

4ZNQIPOZ

4UBSCPBSE$SVJTF4FSWJDFT

+3%VUZ'SFF

+3%VUZ'SFF

] FC REPORT

,JOH1PXFS(SPVQ)POH

,POH

,JOH1PXFS(SPVQ)POH,POH

%'"44

%'"44

+FTUBS"TJB

7"JS

7JSHJO"UMBOUJD



+BQBO"JS5FSNJOBM$P

+BQBO"JS5FSNJOBM$P+"5$P

5

4LZ$POOFDUJPO

4LZ$POOFDUJPO

2BUBS%VUZ'SFF

2BUBS%VUZ'SFF

/""3FUBJMJOH

/""

3FUBJMJOH

/"""/"

%VUZ'SFF

/""+"-%'4

'B4P-B

FC REPORT ]

#VSCFSSZ )BDLOFZ

PVUMFUT

] FC REPORT

NO.1

NO.4

NO.2

NO.5

NO.3

NO.6

335961

268404

333705

103758

291919

79097

\OYOZ(XOZGOT

FC REPORT ]

] FC REPORT

FC REPORT ]

] FC REPORT

FC REPORT ]

.BVE

'#5;.+(''#5;&76;(4''

] FC REPORT'$

'$

(%1

'$

'$

'$

&BTZMJGF&BTZ%VUZGSFF

'$

'$

'$

LUXURY BUSINESS ]

'$*

] LUXURY BUSINESS

LUXURY BUSINESS ]

] LUXURY BUSINESS

J8BUDI-7.)

#1

LUXURY BUSINESS ]

] LUXURY BUSINESS

45 45

CBTFMXPSME

45(

NN

H

LUXURY BUSINESS ]

] LUXURY BUSINESS

LUXURY BUSINESS ]

] LUXURY BUSINESS

""""

LUXURY BUSINESS ] LUXURY BUSINESS ]

] LUXURY BUSINESS

'PSUVOF$IBSBDUFS'$

'$

'$

'$

'$

LUXURY BUSINESS ]

J8BUDI

2;

3;

4;

#1

] LUXURY BUSINESS

J8BUDI

00

FC TRENDS ]

'$*

MERGER IN THE .7:74;+0&7564;

70%

-7.)

] FC TRENDS

_

13"%"

5BOOFSJF.jHJTTFSJF)FSWZ

4PGJDVJS

4PGJDVJS

(PSEPO$IPJTZ(PSEPO

$IPJTZ4PGJDVJS

5DJN

113

'SBODF$SPDP

'SBODF$SPDP

)FOH

-POH*OUFSOBUJPOBM-UE

-7.)

-7

4)

$5$+)$5$

$5$

$5$

_

FC TRENDS ]

-7-7

-7

-7

-7-7 -7.)

-7-7.)

-7

113

5

-7.)

.)%.)%

-7.)%*"(&0

-0(0

$&0

$&0

-7(6$$*

-7.)

%'4

-7.)

-7.) -7%JPS

#VSCFSSZ5PET

-7.)%'4

/FUB1PSUFS

4IPQQJOH.BMM

] FC TRENDS

Elite Lifestyle ]

(&03(+&/

4&/ %BWJE$IV

%BWJE $IFSSZ

Elite Lifestyle ]

%BWJE

(&03(

+&/4&/

%BWJE

(&03(+&/4&/

%BWJE

(&03(

+&/4&/

%BWJE

(&03(+&/4&/

%BWJE

Elite Lifestyle ]

%BWJE (&03(+&/4&/

+FOTFO

(&03(+&/4&/

%BWJE

(&03(+&/4&/

(&03(+&/4&/

(&03(+&/4&/

(&03(+&/4&/

%BWJE

Elite Lifestyle ]

(&03(

+&/4&/ %BWJE

(&03(

+&/4&/%BWJE

(&03(+&/4&/

00

(&03(

+&/4&/ %BWJE

Elite Lifestyle ]

PRIVATE AVIATION: (.;5/#46#0&(.;+056;.'

.BVE+PIO%FMHPVMFU$IFSSZ1BVM

Elite Lifestyle ]

'""$""

7*1

Elite Lifestyle ]

"7*$64 "WJDVT

+BOF.D#SJEF 1BUSJDJB;JOLPXTLJ "WJDVT 1BSU+FU$BSE +BOF.D#SJEF

A NEW APPROACH TO13*7"5&"7*"5*0/

.BVE+PIO%FMHPVMFU&WBO

Elite Lifestyle ]

'PSUVOF$IBSBDUFS'$+BOF.D#SJEF +.

'$+.

'$+.

'$+.

'$+.

"WJDVT

'$"WJDVT +."WJDVT

)/8*

'$+.

'$ "WJDVT +.

+BOF JOGP!NYUYBTJB XXXBWJDVTHSPVQDPN

0&. '#0

'$"WJDVT +."WJDVT

'$+.

'$

Elite Lifestyle ]

.BVE %BWJE3PCJOTPO1BVM

SEES BIG POTENTIAL FOR CHINESE YACHT MARKET

#&/&55*

"[JNVU#FOFUUJ

7JODFO[P1PFSJP

7JODFO[P1PFSJP

1PFSJP

1PFSJP

1PFSJP

1PFSJP

1PFSJP

Elite Lifestyle ]

1PFSJP

1PFSJP

1PFSJP

'BCJP

&SNFUUP 1PFSJP

0DFBO1BSBEJTF

#&45 #FOFUUJ

&YDMVTJWF4FB5FDIOPMPHZ

#&45

'BCJP&SNFUUP

7JODFO[P1PFSJP

Elite Lifestyle ]

MAJOR BOOST FOR CHINAS CRUISE MARKET PROSPECTS

.06

$BSOJWBM(SPVQ$IJOB

TUBUFTIJQCVJMEJOHDPSQPSBUJPO$44$

'JODBOUJFSJ

"SOPME%POBME

$PTUB$PTUB4FSFOB

$PTUB"UMBOUJDB$PTUB

7JDUPSJB4BQQIJSF1SJODFTT

"MBO#VDLFMFX

3PZBM$BSJCCFBO$SVJTF-JOF3$$-

2VBOUVNPGUIF4FBT

$FMFCSJUZ

$FOUVSZ

'JODBOUJFSJ

Elite Lifestyle ]

Elite Lifestyle ]

.(5SJVNQI"VTUJO

)FBMFZ

-POEPOUP#SJHIUPO3VO

7FUFSBO

&EXBSEJBO

7JOUBHF

$MBTTJDT

Elite Lifestyle ]

CLASSIC CARS:2.'#574'#0&+08'56/'0670+6'&

%#

%#

-JBN

(BMMBHIFS3PXBO"ULJOTPO

4- %BZUPOB

Elite Lifestyle ]

1SPTQFSJUZ#SJUBJO

XXX

QSPTQFSJUZCSJUBJODPN1BVM(FSSBSE

4-

DPODPVSTEFMFHBODF

4BMPO1SJWFF3PZBM"TDPU

1FSGFDUJPO

#BSOGJOE

CBSO

Elite Lifestyle ]

(PPEXPPE

(PPEXPPE3FWJWBM

(PPEXPPE

#.$.JOJ

1SPTQFSJUZ#SJUBJO

1BVM(FSSBSE

(VMMXJOH .JVSB

$IBOESB

1FSQFUVBM$BMFOEBS5FSSBMVOB

3FDJUBM.JTT"MFYBOESB

TIMEPIECES TAKE OVER THE WATCHMAKING SKY

.BVE ,FJUI84USBOECFSH &WBO

Elite Lifestyle ]

*/$3&%*#-&.00/1)"4&

0SJHJOBM1BOP-VOBS5PVSCJMMPO

.JEOJHIU1MBOFUBSJVN

Elite Lifestyle ]

8)"5.",&45)&.5*$,

3VCFO1NJFT

3VCFO1NJFT

1NJFT

1NJFT

XXXLQBWJPDPNFOBSUJTUBTSVCFO

QBNJFT

36#&/1.*&4"/%)*44,6--4

Elite Lifestyle ]

9#6%*1(6*'+557'

"TUSPO9

(14

9

4FJLP"TUSPO9(14

Elite Lifestyle ]

TESTING WATCHES TO THE LIMIT

/JDL&OHMJTI (JMFT&OHMJTI #SFNPOU

$IBSMFZ#PPSNBO

#PPSNBO &XBO.D(SFHPS #.8

-POH8BZ3PVOE

#PPSNBO #PPSNBO

#PPSNBO

3*%*/("'3*$"#:.0503$:$-&

5BSFRBM%VBJK

Elite Lifestyle ]

#PPSNBO

-POH8BZ3PVOE

-POH8BZ%PXO

(4

.PUP"WFOUVSF

THE EXPERIENCE

/JDL&OHMJTI$IBSMFZ#PPSNBO

Elite Lifestyle ]5IF#JLF

5IF8BUDI

(4

(4

"#4

#PPSNBO

#PPSNBO

.#**

.BSUJO#BLFS

.#**

.#**

%FWJM

.#**

.#**

#PPSNBO 4

&OHMJTI 64#-

#PPSNBO

#PPSNBO

&OHMJTI

$IBSMFZ

/JDL

&OHMJTI#PPSNBO

.#**

6

Elite Lifestyle ]

'"$&50'"$&8*5)4"/%

,VCV

,VCV

#PPSNBO

#PPSNBO

&OHMJTI

,VCV

#PPSNBO

0''5)*,&

&OHMJTI

#PPSNBO&OHMJTI

Elite Lifestyle ]

*/$0/$-64*0/

&OHMJTI

,VCV

&OHMJTI

.PUP"WFOUVSF $IBSMFZ#PPSNBO /BUB ,IBNB3IJOP.PUP"WFOUVSFXXXNPUPBWFOUVSFTDPN

Elite Lifestyle ]

1FUFS)V

"-BOHF4IOF"VEFNBST1JHVFU#BVNF.FSDJFS$BSUJFS*8$+BFHFS-F$PVMUSF.POUCMBOD0GGJDJOF1BOFSBJ1JBHFU 3JDIBSE.JMMF3PHFS%VCVJT7BDIFSPO$POTUBOUJO7BO$MFFG"SQFMT

WATCHES &WONDERS

"-BOHF4IOF5063#*--0/ 5063#*--0/

Elite Lifestyle ]

$BSUJFS1BOUISFBV$MBJSEF-VOFEF$BSUJFS 1BOUIiSFBV$MBJSEF-VOFEF$BSUJFS,

#BVNF.FSDJFS #BVNF.FSDJFS

"VEFNBST1JHVFU3PZBM0BL0GGTIPSF 3PZBM0BL0GGTIPSF .jHB5BQJTTFSJF3PZBM0BL

*8$ 4BOUPOJ

3JDIBSE.JMMF3. 3. 3. 3. 3.3BGBFM/BEBM

Elite Lifestyle ]

.POUCMBOD.POUCMBOD.FJTUFSTUsDL)FSJUBHF$PMMFDUJPO $BMJCSF.#

+BFHFS-F$PVMUSF.BTUFS(SBOEF5SBEJUJPO(SBOEF$PNQMJDBUJPO USFCVDIFU

1JBHFU&NQFSBEPS$PVTTJO 1JBHFU &NQFSBEPS$PVTTJO 1JBHFU %

0GGJDJOF1BOFSBJ3"%*0.*3$)30/0(3"1)030#*"/$03BEJPNJS$ISPOPHSBQI0SP#JBODP 1".3BEJPNJS 01997 .JOFSWB

3PHFS%VCVJT7FMWFU)BVUF+PBJMMFSJF 7FMWFU)BVUF+PBJMMFSJF

7BDIFSPO$POTUBOUJO5SBEJUJPOOFMMF5SBEJUJPOOFMMF85

7BO$MFFG"SQFMT.JEOJHIU1MBOjUBSJVN1PFUJD$PNQMJDBUJPO .JEOJHIU1MBOjUBSJVN1PFUJD$PNQMJDBUJPO $ISJTUJBBOWBOEFS,MBBVX 7BO$MFFG"SQFMT

1FUFS)V

JUNGLE BEASTS

Elite Lifestyle ]

#PVDIFSPO

&/;0

$BSUJFS

#7-("3*

$BSUJFS

BIRDS PARADISE

Elite Lifestyle ]

(3"''

1JBHFU3PTF1BTTJPO,

1JBHFU-JNFMJHIU(BSEFO1BSUZ

(3"''

&/;0

Elite Lifestyle ]

GARDEN PARTY

#PVDIFSPO

(3"''

$)"6.&5

#PVDIFSPO

Elite Lifestyle ]

LAKE COLORFUL

2FFMJO%PVCMF2JO2JO

(3"''

#7-("3*(3"''

#7-("3*

&/;0

Elite Lifestyle ]

BUSINESS TRIP

4BMWBUPSF'FSSBHBNP

#VSCFSSZ1SPSTVN

56.*

$ISJTUJBO-PVCPVUJO

(VDDJ

1PSTU

#PBSEJOH

1FUFS)V

Elite Lifestyle ]

)FSNT

5PET

&SNFOFHJMEP;FHOB

.FFUJOH

6KRU

&USP

1BVM4NJUI

4BMWBUPSF'FSSBHBNP

Elite Lifestyle ]

%JOOFS

(VDDJ

%SFTT$PEF

7FSTBDF

1PSTU

5PN'PSE

.BSOJ

$BOBMJ

Elite Lifestyle ]

#VTJOFTT$BTVBM

$BTVBM

$BOBMJ

)FSNT

8IJUF,OJHIU45%VQPOU

%VOIJMM

#BMMZ

$04

Elite Lifestyle ]

4QPSUT

(VDDJ

-BDPTUF

&"

(VDDJ

:

7BMFOUJOP

%,/:

Elite Lifestyle ]

PWFSTJ[F

3FTPSU

#VSCFSSZ1SPSTVN

6KRU

.BSOJ

J1BEDBTF-PFXF

+JNNZ$IPP

-BDPTUF

1BVM4NJUI

Elite Lifestyle ]

&EJUPST1JDLT

1FUFS)V

#VSCFSSZ

#PUUFHB7FOFUB

$BOBMJ

1PSUT

%VOIJMM

7BMFOUJOP

&USP

Elite Lifestyle ]

7FSTBDF

5PET

)FSNiT

$ISJTUJBO-PVCPVUJO

-BOWJO

-PFXF

4BMWBUPSF'FSSBHBNP

$BMWJO,MFJO$PMMFDUJPO

Elite Lifestyle ]

COSMETIC BAG

1FUFS)V -FF2J

Elite Lifestyle ]

4,**3.#NM0SJHJOT 3.#NM

%JPS 3.#NM#JPUIFSN3.#NM$MJOJRVF3.#NM

#VSCFSSZ1SPSTVN

BEAUTYWEEK

1FUFS)V

/FX:PSL

-POEPO

%POOB,BSFO

$,POF

3.#

(MP3BZ

5BXOZ%VTU

3.#

3.#

4JTMFZ

3.#

7FSTBDF

Elite Lifestyle ]

.JMBO#PUUFHB7FOFUB

3.#

3.#

$MJOJRVF

3.#

3.#

'FNBMF5SPVCMF5

.JV.JV

1BSJT$ISJTUJBO%JPS

#0##*#308/

41'1"

3.#

4&1)03"

3.#

%JPS

3.#

."$,FFQTBLFT

3.#

#FBVUZ/FXT

"UFMJFS$PMPHOF 3.#NM

3.#NM

N-

4)*4&*%03.#N-

-BODNF3.#.-

%JPS 3.#N-

(*7&/$):41'1"3.#NM

Elite Lifestyle ] ART

1FUFS)V

.+8'+0-+6%*'0

Elite Lifestyle ]

Elite Lifestyle ]

(BHHFOBV7BSJP

"SEB"

Elite Lifestyle ]

Elite Lifestyle ]

6KRU

)FSNT

.FJTTFO

"$03/(FPSH+FOTFO

7FSTBDF

Elite Lifestyle ]

.BVE .BVE .BVE .BVE

ENCOUNTER EXOTIC SCENERIESLOST IN LOVE IN BALKAN

Elite Lifestyle ]

ENCOUNTER EXOTIC SCENERIESLOST IN LOVE IN BALKAN

Elite Lifestyle ]

,JOH

e,JOH #SBOLP,PWBDFWJD

.BZUI

)PVTFPG'MPXFST

Elite Lifestyle ]

/PWJ4BE

Elite Lifestyle ]

7SBOBD

,JOH

,JOH

,JOH

7*/0;61"

7JOP;VQB

7JOP;VQB

/FOBE,BUBOJD

Elite Lifestyle ]

Elite Lifestyle ]

1MBOUB[F

Elite Lifestyle ]

1MBOUB[F1MBOUB[F

7SBOBD ,STUBD

1MBOUB[F 7SBOBD

Elite Lifestyle ]

THE PERFECT ESCAPE

.BVE%BWJE)JCCMF&WBO

Elite Lifestyle ]

Elite Lifestyle ]

4FZDIFMMFT

.BMEJWFT

#BOZBO5SFF

.BEJWBSV

Elite Lifestyle ]

*UBMZ

.BVSJUJVT

4BSEJOJB

$BQSJ *TDIJB

3VOJPO 3PESJHVFT

$POTUBODF-F1SJODF.BVSJDF

-F#BSBDIPJT

-F5PVFTTSPL

4IBOUJ.BVSJDF

4U3FHJT.BVSJUJVT

#PSHP4BOUP1JFUSP

.POBTUFSP4BOUB3PTB

.POBTUFSP4BOUB3PTB1SBJBOP

3BWFMMP

$B.BSJB"EFMF

$B.BSJB

"EFMF%PSTPEVSP

Elite Lifestyle ]

(SFFDF

,JOTUFSOB

Elite Lifestyle ]

5IF$BSJCCFBO

*OEPOFTJB

#SJUJTI7JSHJO*TMBOET

/FDLFS

(VBOB

(PSEB -JUUMF%JY#BZ

)BOHJOH(BSEFOT6CVE

Elite Lifestyle ]

#06+#)+0) WITH THE HELP OF MODERN STEM CELL TREATMENT

.BVE %SNFE+)&TT 1BVM

7*.&%

$&--

%SNFE+)&TT Elite Lifestyle ]

Elite Lifestyle ]

7*.&%$&--

%SNFE)+-FHBU

Elite Lifestyle ]

SOME EXAMPLES FOR OUR SUCCESSFUL TREATMENT BY GIVING 6*'-#0&'40%1/2.':6*'4#2; IN PATIENTS WITH DIFFERENT DISEASES

*

":

1SPUBQIBOF

"DUSBQJE

7*.&%$&--

$9$-

7*.&%$&--

5FQMJ[VNBC

'FOSFUJOJE

5FQMJ[VNBC

$

1SPUBQIBOF

"DUSBQJE

$

5FQMJ[VNBC

55

54)CBTBM

7*.&%$&--

55

54)CBTBM

3"M:

7*.&%$&-- $9$-

7*.&%$&--

0:(

7*.&%$&--

7*.&%

$&--

+.D"

***

7*.&%$&--

-

4

(QJU

7*.&%$&--

Elite Lifestyle ]

Elite Lifestyle ]

Elite Lifestyle ]

1FUFS)V

"8*/5&3 IN THE SPA PLEASURE

41"

41"

41" 4PMVT1PS"RVB)FBMUICZXBUFS4PMVT 1PS

"RVB

6KRU

Elite Lifestyle ]

3&403541")ZBUU3FHFODZ)BLPOF3FTPSUBOE4QB

3&403541"

0XBLVEBOJ

:0/,"

(PSB)BLPOF"TIJHBSBTIJNP%JTUSJDU,BOBHBXB+BQBO

IBLPOFSFHFODZIZBUUDPN

#PVSPV/PHVDIJ/PCPSJCFUTV

/PCPSJCFUTV0OTFODIP+BQBO

XXXCPVSPVDPNDOU

5IFSNFT.BSJOT.POUF$BSMP

N

-B1SBJSJF

BWFOVFEF.POUF$BSMP.$.POBDP

XXXUIFSNFTNBSJOTNPOUFDBSMPDPN

Elite Lifestyle ]

(SBOE3FTPSU#BE3BHB[

3BHB[

41"

5BNJOB

#FSOIBSE4JNPOTUSBTTF#BE3BHB[4XJU[FSMBOE

XXXSFTPSUSBHB[DI

7JDUPSJB+VOHGSBV(SBOE)PUFM41"

*OUFSMBLFO+VOHGSBV

7JDUPSJB+VOHGSBV

41"

4FOTBJ4FMFDU41"

7JDUPSJB+VOHGSBV(SBOE)PUFM41")IFXFH*OUFSMBLFO

XXXWJDUPSJBKVOHGSBVDIEF

Elite Lifestyle ]

#SFOOFST1BSL)PUFM41"

41"

41"41"

41"

41"

41"

41"

0FULFS$PMMFDUJPO4DIJMMFSTUSBF#BEFO#BEFO(FSNBOZ

XXXCSFOOFSTDPNFOHIPNF

41"#BOZBO5SFF1IVLFU

41"41"

41"

41"

41"

4QB

#BOZBO5SFF1IVLFU.PP4SJTPPOUIPSO3PBE

XXXCBOZBOUSFFDPNFO

Elite Lifestyle ]

MY FALSE 8')'6#4+#0+5/

(FPNBH4",JUPO

Elite Lifestyle ]

"TUJ

Elite Lifestyle ]

New Fresh

1FUFS)V

.S

4UFWF-FVOH

Elite Lifestyle ]

EMJTI EFMJDJPVT

EMJTI

163&8)0-&

0-

Elite Lifestyle ] ABOUT 5)&'63

ABOUT %&4*(/

ABOUT 5)&'6563&

4BHB'VST #*'51"3,#*'51"3, 4BHB'VST 4BHB'VST

Elite Lifestyle ]

#SBOEPO4VO

Elite Lifestyle ]

#SBOEPO4VO

+.FOEFM 0TDBSEFMB3FOUB

+.FOEFM

#SBOEPO (JMMFT

.FOEFM#SBOEPO

#SBOEPO

0TDBSEFMB3FOUB

#SBOEPO

0TDBSEFMB3FOUB

#SBOEPO4VO

#SBOEPO

#SBOEPO

#SVOEPO

#SBOEPO

#SBOEPO

#SBOEPO4VO

#SBOEPO

#SBOEPO

BRANDON SUN

#SBOEPO4VO

Elite Lifestyle ]

$SFBUVSFTPG5IF8JOE

4IBOF(BCJFS

$ISJTUPQIFS1FUFST

4IBOF

(BCJFS $ISJTUPQIFS1FUFST

$SFBUVSFTPG5IF8JOE

4IBOF(BCJFS

$ISJTUPQIFS1FUFST

$SFBUVSFTPG5IF8JOE

CREATURES OF TH

E WIND

$SFBUVSFTPGUIF8JOE %

5BCJUIB4JNNPOT"MJOF$BVUJT1BNFMB-PWF

4FMJNB0QUJRVF&SJDLTPO#FBNPO.BUUFBI

#BJN

(BCJFS 1FUFST $'%"

7PHVF

$'%"

-7.)

$SFBUVSFTPGUIF8JOE88%

#VTJOFTTPG'BTIJPO

4IBOF(BCJFS $ISJTUPQIFS1FUFST

$SFBUVSFTPG5IF8JOE

Elite Lifestyle ]

'$

'$

'$

'$

'$

'PSUVOF$IBSBDUFS'$

Elite Lifestyle ]

'$ ($

'$($

'$($

'$ ($

'$ ($

GRACE CHEN

(SBDF$IFO

'PSUVOF$IBSBDUFS'$(SBDF$IFO($

Elite Lifestyle ]

'$

'$

'$

'$

'$

'PSUVOF$IBSBDUFS'$

Elite Lifestyle ]

KIRSTIANNELI AHO

4BHB"UFMJFS ,JSTUJ"IP

,JSTUJ"OOFMJ"IP

,JSTUJ"OOFMJ"IP

,JSTUJ"OOFMJ"IP

,JSTUJ"OOFMJ

"IP

,JSTUJ"OOFMJ"IP

,JSTUJ"OOFMJ"IP .BMMJNBSJ

(SsOTUFJO ,JSTUJ"OOFMJ

"IP

(FNNJ

(FNNJ

(SOTUFJO(FNNJ

(SOTUFJO(FNNJ

,JSTUJ"OOFMJ"IP

,JSTUJ"OOFMJ"IP 4BHB"UFMJFS

5FJKB:SKl

.JOOB3BOUBMBJOFO4BHB"UFMJFS

Elite Lifestyle ]

5PEE-ZOO

5PEE-ZOO

5IJSUZ

4FDPOETUP.BST $PVSUOFZ

-PWF 6 #POP .JDL

+BHHFS1+)BSWFZ .BSJMZO.BOTPO

-ZOO

%B[FE

$POGVTFEJ% 7PHVF

-ZOO 5

5PEE-ZOO

-ZOO

TODD LYNN

5PEE-ZOO

5PEE-ZOO

;

Elite Lifestyle ]

SAGA FURS

'$

'$

'$

'$

'PSUVOF$IBSBDUFS'$

Elite Lifestyle ]

4UFGBOP1JMBUJ 1BPMP;FHOB

1BPMP;FHOB4UFGBOP1JMBUJ

4UFGBOP1JMBUJ

Elite Lifestyle ]

e

#BS3PVHF

"51 e

Elite Lifestyle ]

-14 -14 -147*1 -14 -14 -147*1 ./5 $POOPJTTFVS -147*1 -14 -14

-14

3JDIBSE,SQBD.JMPT;FNBO

."550/* 1&530'

+JSJ'SZEB"""8BSIPSTF

Elite Lifestyle ]

Elite Lifestyle ]

Elite Lifestyle ]

'$

.BSJOB#

(5.BSJOB#

.BSJOB#

'$

(5

'$

(5

%

'$

(5

'$

(5

'$

(5

(SBFNF5IPNQTPO

(SBFNF5IPNQTPO

'$

(5

'$

(5 5SPNCJOP

'PSUVOF$IBSBDUFS '$(SBFNF5IPNQTPO (5

5SPNCJOP

'JOF+FXFMMFSZ+BEFJUF

Elite Lifestyle ]

/&e5*(&3e

/&5*(&3e

Elite Lifestyle ]

/&5*(&3e

/&5*(&3

/&5*(&3

/&5*(&3e

e

/&5*(&3

NEWS ]

+PSEJ7JMMFHBT4FSSB

"OESFBT#SVDL

] NEWS

(MP3BZ

(MP3BZ (MP3BZ $$ $$ .JDSP4IJOF1BSUJDMF (MP3BZ (MP3BZ

.P.PDBGj

%VSBUJPO /PWFNCFSUI%FDFNCFSTU 1SJDF 3.#QFSTPO

$PORVFTU$MBTTJD

%'4

%'4 %'4 %'4 5 %'4%'4 %'4

(0%*7" (0%*7" (0%*7" 1IJMJQQF%BVF

NEWS ]

)6(0#044".(1&530/"4

)6(0#044 ".(1&530/"4 .D-BSFO)6(0#044 )6(0#044 .FSDFEFT#FO[)6(0#044 ".(1&530/"4)6(0#044 )6(0#044 ".(1&530/"4

#50# 4IJNPLJUB[BXB

-"/7*/*-07&:06CZ"MCFS&MCB[

"MCFS&MCB[ -"/7*/ -"/7*/"MCFS&MCB[ "MCFS&MCB[ -"/7*/-"/7*/ -"/7*/ $SJMMPO&MCB[-"/7*/*-07&:06 -"/7*/ -"/7*/

] NEWS

NEWS ]

4*.0/("05IF"WBOU$IJD1PXFS

4*.0/("0 4*.0/("0%/"

:06/('6/ CBCZBOENF

-JWF:PVOH

1SPMJWPO 1SPMJWPO

1SPMJWPO 1SPMJWPO 1SPMJWPO 1SPMJWPO

] NEWS

2

*

4QB

4QB

1FMIBNT +FBO1IJMJQQF%VQBT %VQBT

%VQBT 1FMIBNT

$JO$JO

NEWS ]

00853-28852963 010 -64651188-419 010 -88198027 010 -57288681 022-60860316 0871-63929268 0871-63344822 0516-83603430 029-62776996 023-63920853 028-85019671 024-22761607 0451-87737396 0431-88486247 0411-82640259 0351-3339407 0991-8899113 010-65246252 HANMACASIA.COM010-65246252 HANMACASIA.COM010-65246252 HANMACASIA.COM

HANMAC DEFENCYANDROIDTM

] NEWS

&EPVBSE+FBO/JFSNBOT

00853-28852963 010 -64651188-419 010 -88198027 010 -57288681 022-60860316 0871-63929268 0871-63344822 0516-83603430 029-62776996 023-63920853 028-85019671 024-22761607 0451-87737396 0431-88486247 0411-82640259 0351-3339407 0991-8899113 010-65246252 HANMACASIA.COM010-65246252 HANMACASIA.COM010-65246252 HANMACASIA.COM

HANMAC DEFENCYANDROIDTM

NEWS ]

] NEWS

NEWS ]

5SJTUBO%F-B1PSUF%V5IFJM

'$

5SJTUBO4IPQQJOH.BMM

,57 .S#BSUFOEFS-PVOHF

'$

5SJTUBO

'$ -0(0

5SJTUBO

'$

5SJTUBO

/P '$

5SJTUBO

'$

5SJTUBO

'PSUVOF$IBSBDUFS '$5SJTUBO%F-B1PSUF%V5IFJM 5SJTUBO ] NEWS

FORTUNE CHARACTER AWARDS & 4th LUXURY IN CHINA SUMMIT

ee

Fortune Character November 2014

Documents

Transcript of Fortune Character November 2014