Business Daily Media

The Times

.

Xtep Expands Overseas: Deep Restructuring of Malaysian Channels Marks Entry into Intensive Global Strategy Phase

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 14 January 2026 - Running shoes brand Xtep has announced that it will form a joint venture with Bonia, a distributor with over 50 years of market expertise in Malaysia, to jointly develop the Malaysian market.

Analysts indicate that this move will accelerate Xtep's drive to become the leading running brand in Southeast Asia. Notably, this new strategic direction also involves an adjustment to Xtep's previous business cooperation model in Malaysia. In line with Xtep Group's overall strategic shift, the company's business model in Malaysia will be upgraded from a single exclusive distribution arrangement to a muti-channel setup. The former exclusive distributor, VGO, will transition to a "non-exclusive distributor" and remain a key partner for Xtep in deepening its local market presence. Before Xtep's partnership with Bonia, VGO served as Xtep's exclusive partner in Malaysia. As the initial partner facilitating Xtep's entry into the Malaysian market, VGO laid a solid foundation for the brand's successful entry. Xtep will continue its collaboration with VGO to advance the Xtep brand's development through channels where VGO holds particular strength. Meanwhile, Bonia will focus on maximizing Xtep's brand visibility in Malaysia's core commercial districts and running brand hubs.

Xtep Expands Overseas: Deep Restructuring of Malaysian Channels Marks Entry into Intensive Global Strategy Phase
Xtep Expands Overseas: Deep Restructuring of Malaysian Channels Marks Entry into Intensive Global Strategy Phase

Chinese media reports highlight Malaysia as Xtep's springboard for expansion into Southeast Asia, emphasizing that this business model transformation is crucial for implementing the "Chinese Root, World-Class Running Shoes" strategy proposed in 2022. Bonia's sales network spans Malaysia, Singapore, Indonesia, Thailand, and other Southeast Asian markets. The company maintains strong, stable relationships with major shopping centers in these countries, possesses deep insights into local consumer needs, and has solid cross-border retail operation capabilities.

The first store under Xtep's partnership with Bonia opened in Mid Valley Megamall, Kuala Lumpur. According to Xtep, this3,262-square-foot professional running flagship store displays performance running products by function and features services such as a trial running zone and foot shape and gait analysis, allowing runners to experience world-class running technology. This store also showcases stories of local runners and photos from local running events to enhance runners' sense of belonging.

Running culture in Malaysia is maturing. Data from the World Bank and Euromonitor International shows that Malaysia has the largest sportswear and footwear market in Southeast Asia. The Malaysian Sports Culture Index 2023 survey revealed that 63% of respondents cited jogging as their favorite sport. In terms of road racing popularity, the 2024 Kuala Lumpur Standard Chartered Marathon attracted over 40,000 participants.

Xtep entered the Malaysian market in 2024 and has consistently employed an operational strategy of "Professional-to-mass influence" coupled with a cultural strategy of "adapting to local conditions". The brand has connected with local consumers through events and running communities. During its partnership with VGO, Xtep organized several large-scale running events in Malaysia, including the "10KM Time Challenge" held in Penang in August 2024, which attracted top athletes from Indonesia, Singapore, Uganda and Kenya. With Malaysia emerging as a strategic hub for international growth, Xtep envisions the country as both a blueprint for overseas expansion and a dynamic showcase of its running heritage.

Hashtag: #Xtep

The issuer is solely responsible for the content of this announcement.

News from Asia

SCG Showcases Green Innovations and Low-Carbon Cement at Cemtech Asia 2026, Reinforcing ASEAN Leadership and Commitment to the Net Zero Pathway

BANGKOK, THAILAND - Media OutReach Newswire - 25 June 2026 - SCG, ASEAN's leading low-carbon cement manufacturer, co-hosted Cemtech ASIA 2026, a world-class conference and exhibition for the glob...

MET Group’s Climate Impact Report Confirms The Company’s Contribution to Profitable Decarbonisation

SINGAPORE - Media OutReach Newswire – 25 June 2026 - MET Group has published its Climate Impact Report 2025, highlighting how the company continues to balance decarbonisation, security of sup...

Persona5: The Phantom X Version 4.4 Launches with Global Hatsune Miku Collaboration and 1st Anniversary Celebration

TAIPEI, TAIWAN - Media OutReach Newswire - 25 June 2026 - Persona5: The Phantom X (P5X) is set to launch its Version 4.4 update today (June 25, 2026), bringing a global collaboration with Hatsune ...

Impossible Marketing Unveils ImpossiblePlus™ AI SEO Solution for Singapore Businesses

SINGAPORE - Media OutReach Newswire - 25 June 2026 - Impossible Marketing, Singapore's leading SEO agency and pioneer of AI SEO, has announced the launch of ImpossiblePlus™ — a proprietary AI vi...

Phase 4 of the International Volunteer Project: Dive Against Debris®, Beach Cleanup & Environment Education At Pulau Redang, Terengganu Darul Iman (27-29 June 2026)

PULAU REDANG, MALAYSIA - Media OutReach Newswire - 25 June 2026 - The Black Eye Scuba Team ("BEST"), in collaboration with the Jabatan Pendidikan Negeri Terengganu, Agensi Penguatkuasaan Maritim M...

Striding AI Announces Plans to Develop Next-Generation Robotic Foundation Systems for Physical AI Deployment

BEIJING, CHINA - Media OutReach Newswire - 25 June 2026 - Striding AI today announced that it is developing a new generation of robotic foundation systems designed to accelerate the deployment of ...

Aberdeen Technical School "ATS Robot" Wins 1st Runner-Up at Robofest World Championship

Peak Showdown Against National Team Spotlights Innovation and Technology FriendshipHONG KONG SAR - Media OutReach Newswire – 25 June 2026 - The robotics team from Aberdeen Technical School (ATS), ...

GOKO Showcases M6 Robotic Lawn Mower at spoga+gafa 2026, Built for Slopes, Rough Ground, and Large Yards

KENT, ENGLAND - Media OutReach Newswire – 25 June 2026 - At spoga+gafa 2026, GOKO is debuting the M6 AI-powered robotic lawn mower, built for large and challenging yards. With 4WD mobility, AI qua...

Trashure Hunt Opens at Raffles City, Turning Singapore’s Waste Challenge Into Public Art

Held in support of Go Green SG 2026, the 27 June to 4 July exhibition spotlights creative reuse and cleaner event power at Raffles City Shopping CentreSINGAPORE - Media OutReach Newswire - 25 June...

Pulsar International ("Pulsar") announces agreement as an authorized reseller of Amazon Leo to bring high-speed satellite internet to commercial maritime customers

As the first authorized reseller of Amazon Leo that has an APAC headquarters in Hong Kong, Pulsar will offer low Earth orbit satellite connectivity powered by Amazon Leo to commercial maritime cust...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...

New AR tech helping to solve field service skills crisis

AI-enabled augmented reality (AR) smart glasses are emerging as a new practical solution to fill a shortage of field service technicians maintaini...

For Midsize Companies, Global Payroll Systems Matter More to Business-Security Than You Think

When a midsize company expands across borders, its payroll operation becomes exponentially more complex. These organisations typically face a new ...