Friday, 2 June 2017

Firms Taps Into Rising Premarital-Safe Sex Amongst Chinese Youths,Invests $600 million To Acquire Ansell.

China is currently experiencing a rising awareness of the health benefits of protected sex.So to be able to tap into the lucrative business of condoms making and to control the
spread of HIV and other sexually transmitted diseases,two Chinese firms are investing US$600 million to acquire the world’s No 2 condom maker, owned by Australian giant Ansell.
China is the fourth largest maker of condoms in the world, and its domestic market is predicted to witness “significant growth” in the coming years due to 
  • Increasing emphasis on public education about measures to prevent sexually transmitted diseases such as AIDs.
  • Chinese government has provided condoms or condom vending machines in 90 per cent of hotels and other unspecified public areas since 2011.
  • Sex education at schools has become less taboo, especially with the rising percentage of Chinese youth having premarital sex. 
  • American market intelligence firm, predicted China’s condom market would almost triple from US$1.84 billion in 2015 to US$5.04 billion by 2024.

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