Chinese Health Care groups spent $600 million on condoms which they named after a certain fictional British spy who knows a little about women… Bond. James Bond. Only with a twist.
The Chinese translation of James Bond is “Jissbon.” You’re not dreaming.
“Jissbon” condoms are made by Australian-based Ansell Ltd., which Chinese company Humanwell Healthcare Group Co. and CITIC Capital China Partners III LP paid $600 million for this week. Although the usual one rule is no deals, this is one that might work out well for China. It must’ve been sheer magnetism.
The Chinese condom market is expected to make $5 billion over the next decade according to some financial reports, and what better way than to capitalize on a character that’s been caught at least once with more than just his hands up.
The health groups decided that encouraging condom use was imperative as according to report by BioMed Central, China is having a STI crisis. China had around 575,000 living with H.I.V./AIDS in 2015. New infections of syphilis and herpes simplex virus rose by over 50 percent from 2000 to 2009.
The Daily Caller also reports:
Humanwell Healthcare Group Co. and CITIC Capital China Partners III LP paid $600 million Thursday to acquire Australian-based maker of latex gloves and surgical masks Ansell Ltd., Bloomberg reports. Ansell makes a brand of condom named after James Bond called, “Jissbon.” Jissbon is the Chinese translation of the popular spy character known for his sexual escapades with beautiful women.
The condom market in China is expected to balloon to $5 billion over the next decade, according to a report by Transparency Market Research. China has revved up its safe-sex education programs, after the nation got hit with a giant uptick in sexual infections starting in the late-90s.