SM Group, composed of 5 listed companies, is one of the largest listed companies in the Philippines and one of the largest integrated property developers in Southeast Asia. It was established in 1958 by Mr. Henry Sy, Sr., a Filipino of Chinese descent. SM's major businesses cover areas of mall operation, hotel, retail (supermarkets, department stores and brand stores), tourism, banking and financial services.
SM Group was founded by Mr. Henry Sy, Sr. in 1958,which includes supermarkets, department stores, shopping centers, banking, real estate development, and tourism sectors. Shopping centers are the company's core businesses. SM Group has 95 large-scale shopping centers in Asia, with a total area of about 11.38 million square meters. SM Group now possesses three of the world's top ten shopping centers: SM Megamall, SM City North EDSA and SM Mall of Asia.
Since the entering into Chinese market, SM Prime has invested shopping centers in Xiamen, Jinjiang, Chengdu, Suzhou, Chongqing, Zibo, Tianjin, Yangzhou, and Fuzhou cities. Its masterpiece –SM City Tianjin– has soft opened in December 17, 2016 with a total GFA of 560,000 square meters. These projects have demonstrated the goal and impact of SM Prime's strategy to build "new centers of urban life" ,which also improved local business facilities and quality of city life. In the future, with the vision of "Lifestyle Cities", we will bring brand-new urban life and provide a wonderful lifestyle for more Chinese cities.
With the rapid development of SM, it now has more than 20,000 tenants worldwide and has become an important partner of retailers. SM pays much attention to the development of small-and-medium-sized retailers and will provide more opportunities for new innovative retailers with creative ideas, thus satisfy the growing demands of our customers.
As founder of SM Group, Mr. Henry Sy, Sr. is acknowledged as "Retail King of the Philippines."
In 2016, "Forbes" covered the story about Mr. Hans Sy, Chairman of Executive Committee of SM Prime Holdings, on the SM development.
In 2024, the American magazine "Time" ranked SM Companies as the World's Best Companies.
SM was listed in the first "Fortune's Southeast Asia 500" in the same year.
It was also cited as "Asia's Most Influential Companies" and "Top Sustainability Advocates in Asia" by ACES Awards.
SM bags its consecutive 16th win of "The Assets ESG Corporate Platinum Award" and 13th win of "Most Organized Investor Relations" award.
Under its plan of "Lifestyle Cities", SM Group continues to pursue a vision of creating innovative and sustainable complex projects,
contributing to a vibrant life for communities it serves.