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| Name | Symbol | Market | Type |
|---|---|---|---|
| Swatch Group AG (PK) | USOTC:SWGAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.005 | -0.05% | 10.64 | 10.55 | 10.68 | 10.72 | 10.58 | 10.60 | 108,916 | 21:00:34 |
From Apr 2019 to Apr 2024
By Laurie Burkitt in Shanghai and John Revill in Zurich
Swatch Group AG, the world's largest watchmaker by revenue, is going head-to-head with Apple Inc. to develop the next generation of watches in China.
The Swiss watchmaker launched its answer to smartwatches in China on Wednesday, with a 600 yuan ($95) analog timepiece called the Swatch Bellamy. While it doesn't connect to the Internet, it includes a built-in chip that allows consumers to pay for purchases while shopping, Swatch Chief Executive Nick Hayek said in a press briefing.
Swatch said it joined with state-run China UnionPay Co., which holds a virtual monopoly on bank-card payment processing in China, and state-controlled lender Bank of Communications Co.
China is one of the world's largest watch markets by sales.
Write to Laurie Burkitt at laurie.burkitt@wsj.com and John Revill at john.revill@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 13, 2015 23:44 ET (03:44 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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