HITEROZA, MARICAR LAYOSO

11-Zucherberg
Subject: UCSP
NAME OF THE ENTREPRENEURIAL
ENTREPRENEUR/COMPANY/BUSINESS BRIEF HISTORY CHARACTERISTICS
AND SKILLS POSSESED
Henry Sy  Sy Chi Sieng. is a Filipino businessman and  Hardwork
an investor.  Frugality
 “Father of Philippine Retail”  Self-sacrificed
 Birth: October 15, 1924, in Fujian Province,  Determination
South China  Focus
 Death: January 19, 2019  Ability to take
 Sy was named by Forbes as the richest risks.
person in the Philippines for eleven  Setting a long-
straight years until his death. term vision.
 Resourceful
SMALL BEGINNINGS  “Think big,
 1935 – At the age of 11, his father left the start small,
family, for a country that was then a US move fast.”
territorial protectorate. His father was a  Thinking
trader seeking for good opportunities in a outside the
place where economic progress was bright box
and promising.  Ambitious
 Market
 1936 - followed his dad and migrated to leadership
the Philippines at the tender age of twelve.  Good
It was in the year 1936 when he left his governance
home village Ang-khue of the Dieng-oh
municipality in the county of Jinjiang, now
a city, which lies near Xiamen in Fujian
province. His mom told him “Never look
back”.

 The two were reunited in a cramped space

of only 30 square meters in floor area in a
dirty street in the district of Quiapo,
central Manila. He saw his father again in
poor health conditions which moved him a
lot. His father was a proprietor of a tiny
grocery store on Echague Street, - now
Carlos Palanca Sr. St. - just behind the city's
notorious Chinatown.

 HIS MAIN GOAL IN LIFE: The will to strive

for excellence and to overcome the harsh
environment of poverty through the
discipline of hard work and frugality. He
has learned the value of honesty and
patience in the business.

The Birth of SM  1936 - enrolled as Grade One at the Anglo-

(Shoe Mart) Saxon school of Quiapo at the age of 12.
 World War II - local economy collapsed
during the Japanese occupation,
businesses closed, and the country's
industries were all destroyed after the
Battle for Manila.
 1946 - his father flew back to China
without second thoughts, the young Henry
Sy decided to stay.
 1949 - received his first credit line from the
China Bank and was lent with one million
 Philippine pesos, approved by financial
tycoon Mr. Yap Tian Siang.
 1950 - to improve his entrepreneurial skills
in the buy and sell trade, he later enrolled
at the Far Eastern University in 1950 and
took up a degree in Associate in Arts in
Commercial Studies. He also considered
the change of his legal name into Henry Sy
after obtaining Philippine citizenship.
 1958 - Henry Sy Sr. started his first
company, ShoeMart (SM), a small shoe
store in Carriedo, Manila,Phillipines. He
initially focused on buying large supplies of
shoes from the United States.
 1972 - His business expanded as he
transformed his shoe store into a
department store.
 1985 - first SM Mall was built in North
Edsa.

BUSINESS INTERESTS
1. SM Investments Corporation  the holding company of the SM Group of
(SMIC) Companies.
2. SM Prime Holdings, Inc.  SM Prime is the parent company of the SM
Group’s shopping malls. It is the largest
shopping mall and retail operator in the
Philippines.
3. Banco De Oro Unibank Inc.  originally known as Acme Savings Bank,
was acquired by the SM Group in 1976.
4. San Miguel Corporation  the largest publicly listed food, beverage,
and packaging company in the Philippines.
5. Belle Corporation  leading Philippine developer of high-end
 residential and leisure properties.
6. Highlands Prime, Inc.  engages in developing leisure properties in
the Philippines.
7. China Banking Corporation  provides commercial banking products and
services to businesses and entrepreneurs,
as well as to individuals in the Philippines.
8. SM Development Corporation  originally incorporated in 1974 as Ayala
(SMDC) Fund, Inc., a closed-end investment
company. In March 1986, it was renamed
SM Fund, Inc.

OTHER BUSINESS INTERESTS

1. Retail  The SM Store
 SM Supermarket
 SM Hypermarket
 SM Appliances
 SaveMore
 Walter Mart Supermarket
 Alfamart

2. Specialty Stores  Ace Hardware

 Watsons
 Our Home
 Homeworld
 Toy Kingdom
 Baby Company
 Kultura
 Sports Central
 Pet Express
 Miniso
3. Education  National University

4. Tourism  Taal Vista Hotel

 Pico Sands
 Radisson Blu Hotel
 Park Inn by Radisson Clark
 Park Inn by Radisson Davao
 Conrad Manila
 SMX Convention Center

5. Lifestyle and Entertainment  SM Cinema

 Director’s Club Cinema
 IMAX Theatre
 WM Cinemas
 XD: 4D Cinemas
 DX Laser Projection Cinema
 Mall of Asia Arena
 Blink
 SM Skating
 SM Bowling and Leisure Center
 Exploreum
 Snack Time
 ePLUS
 SM Tickets

6. Real Estate  Philippine Urban Living Solutions

 BGC Commercial Properties