Tag Archives: China

Business

SAP Business One Project Rollout to China

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As one of the biggest SAP gold partners in China, MTC can help global SAP Business One partners sub-contract and implement their project in China.

Newark, DE, USA — China is an attractive market for many foreign companies seeking to expand their distribution network and there are many reasons to pursue opportunities in this country. Once in China, these companies not only face the challenges of a different mentality, traditions and the culture of their Asian business partners, but also the legal requirements imposed on their SAP system.

Following a global template definition, regional/local rollouts require careful planning and preparation in various areas. An SAP roll out to China can be challenging:

• Ensuring compliance with local regulatory and tax legislation
• Optimizing the roll out strategy and roll out management
• Transferring knowledge to local resources
• Understanding and migrating legacy data
• Harmonizing master data and processes globally

Tackling these issues can be a challenge if Companies do not have a trusted partner who can speak the language and who understands the local requirements as well as the objectives of the headquarters.

MTC is headquartered in Shanghai, China and has offices in Tianjin, Nanjing, Shenzhen, Dalian as well as the United States. MTC has a proven track record of helping multinationals manage SAP roll outs and other IT related topics for their international subsidiaries around the world.

Overview of the advantages of rollout by MTC:

Regulatory compliance
• Convergence of international standards with Chinese GAAP
• Solutions for the Golden Audit
• Compliance with Golden Tax requirements
• Imports/Exports & Customs Reporting
• Other local requirements

Preparation and approach for local roll out
• Process selection and standardization
• Gap analysis
• Knowledge transfer and local support
• Preparation and project initiation

Localization and Training
• IT and functional localization
• Data take on
• End user training by native speakers
• Documentation and translation
• Go-live support

Each of MTC consultants has thousands of hours of experience with SAP products. By partnering with SAP in many emerging areas, MTC helps clients pioneer the latest technological developments. The Company is the right size to deliver an optimal customer experience. While ensuring a local offering overseas, MTC avoids the rigidity and difficulties typically experienced when working with large global systems integrators.

Sounds interesting? If so, please go to http://www.firsttec.com for more detail information.

Media Contact:
Wenyi Jiang
Firsttec MTC, LLC
302-366-1155
info@firsttec.com
http://www.firsttec.com

Automotive, Electronics, Environment, Industrial, Retail, Society, Transportation & Logistics

Tokyo’s Terra Motors decided the world’s first mass production of Electric 3-wheelers in Asia

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Terra Motors decided the world’s first mass production of Electric 3-wheelers which can be charged by AC power. Terra Motors’ prototype is completed this April, and they plan to produce 10,000 sets of electric 3-wheelers in 2013.

In Asian countries, 3-wheeler market has expanded rapidly, because it is cheap and freight is large, compare to cars. For example, in India, the number of three-wheelers is increasing twice by these five-years. And the Philippines, Sri Lanka, Bangladesh also shows the same transition.

It is thought that electric-ization of the three-wheel taxi in Asia progresses rapidly, because of aggravation of air pollution, the high price and constant shortage of gasoline. For example, in India, gasoline cost has increased also 2.5 times by these ten-years, so the demand to the cut in fuel consumption by electric-izing is serious. By replacing a three-wheel taxi to electric one, the annual income of taxi driver can be raised by about 3 times.

They plan to establish branch office in India in this summer, and aim at world top share acquisition in 2014.

About Terra Motors

  • Terra Motors Corporation has the largest market share of electric motorcycle in Japan
  • Company Name Terra Motors Corporation
  • Foundation April 2010
  • CEO & Founder Toru Tokushige
  • Office 34-5,Udagawa-cho,Shibuya-ku,Tokyo 150-0042, Japan
  • Factory Vietnam / Philippines
  • Paid in Capital 6.621 million yen
  • Business Design, Manufacturing, Selling and Service for electric vehicle
  • Share Holders (exp.)
    • Nobuyuki Idei (Former President of Sony)
    • Kenji Yamamoto (Former Vice President of Apple)
    • Koichiro Tsujino (Former Presient of Google Japan)
    • Masaru Murai (Former president of Compaq Computer Co.,Ltd.)

 

Press Contact:
Tetsuya Ohashi – Director of Business Development Unit
Tel:81-3-6674-9558
FAX: 81-3-6690-4419
E-mail : ohashi@terramotors.co.jp
URL    : http://www.terra-motors.com/

Business

FRA supports Prediction of Increased Lumber Exports to China

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FRA has endorsed a report from a forestry market analyst claiming that Chinese demand for Canadian timber will increase in 2013.

Bainbridge Island, WA, December 21, 2012 – Forestry Research Associates (FRA) has endorsed a report from a forestry market analyst claiming that Chinese demand for Canadian timber will increase in 2013.

British Columbia, one of the main timber growing regions in Canada, exported a total of 5.4 million cubic metres of softwood lumber in the first nine months of the year. Although this was a slight decline on the exports in the same period of 2011, Mark Kennedy of CIBC World Markets claims this is all to change.

Kennedy said that the small decline is actually quite a good result in light of the slight weakening of the Chinese real estate industry. The timber imported into China from Canada is generally used to reinforce concrete in apartment buildings and also for door and window frames. This means that imports will always be strongest when the country is building lots of homes.

FRA, a research and analysis consultancy, backs Mr Kennedy’s claims that social housing support and other stimulus moves announced by the Chinese government could mean more timber imports. He claims that between 2013 and 2015, timber imports could increase by as much as 20 per cent. Canada, in turn, supplies more than 80 per cent of all the lumber exported from the US.

In terms of China’s demand for new homes, some two million homes that were previously demolished need to be rebuilt and, even without this, China plans is to build some 10.75 million new homes every year for the coming 15 years.

FRA’s analysis partner Peter Collins, said, “With this kind of real estate development happening, we are confident that demand for sustainable timber will increase over the coming years. In fact, evidence suggests that demand will outstrip supply by some margin, which will also lead to rising prices.”

FRA claims that this all means strong returns for those who invest in sustainable forestry projects in Canada, through firms like Greenwood Management.

Contact:
Peter Collins
Forestry Research Associates
620 Vineyard Lane
Bainbridge Island, WA 98110
(206) 316 8394
info@forestry-research.com
http://www.forestry-research.com

Business

Christopher Thorne, Executive Chairman, Broadline Principle Capital, at China Leaders Forum 2012

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Building off of the momentum of past conferences, Golden Networking brings back China Leaders Forum 2012 (www.ChinaLeadersForum.com), “Political and Economic Challenges for Xi Jinping, China’s President-in-waiting”, New York, December 7th.

New York City, NY, USA (November 15, 2012) — Christopher Thorne, Executive Chairman, Broadline Principle Capital, will speak at Golden Networking‘s China Leaders Forum 2012, “Political and Economic Challenges for Xi Jinping, China’s President-in-waiting”, December 7th, New York City, conference that will examine the political and economic challenges facing China nowadays and the long-term opportunities that will be created in the world’s largest economy by 2016.

Mr. Thorne leads Broadline Principle Capital, a global investment firm and early pioneer of Asia’s private equity industry whose team has been managing high-performing, multi-industry private equity investment funds in China for more than a decade. He has spent his entire career building trust-based relationships globally with business leaders, industry experts, and entrepreneurs.

Previously, Mr. Thorne served leadership roles at McKinsey & Company. He also founded a software technology company whose solutions create efficiency gains for manufacturers, distributors and retailers in the consumer packaged goods, retail, and food service industries. The resulting company managed more than $200 billion of annual transactions and built a customer base of more than 5,000 suppliers and 100,000 retail operators. The company sold to institutional investors at a nine-figure valuation in 2007 and subsequently sold to Roper Industries for $525 million in 2010.

Mr. Thorne received his AB (Magna Cum Laude) from Harvard University, MBA from Harvard Business School, and Juris Doctor (Honors) from Harvard Law School, where he founded Harvard Negotiation Law Review and served as Executive Editor of Harvard International Law Journal.

China Leaders Forum 2012 will provide attendees with the responses to the above-mentioned questions and the most up-to-date review of where the Asian giant stands and the challenges and opportunities for businessmen looking to expand their business with China when others only see growth contraction. Recognized experts, regulators, and strategists, will return to China Leaders Forum 2012 in its fourth edition to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

China Leaders Forum 2012 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net.

Contact:
Julia Petrova
Media Relations Manager
Golden Networking
516-761-4712
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business

BusinessVibes Presents China’s B2B Market Insight

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The global B2B networking platform – BusinessVibes, would like to share some figures and facts about the development of China’s B2B market.

London, UK, July 13, 2012 — Over the recent years, the rapid growth of China’s economy has attracted a massive attention from all over the world as it has created large number of business opportunities for both local and foreign companies of different size or scale, while B2B E-Commerce is definitely one of those markets with prospective benefits in China. The global B2B networking platform – BusinessVibes, which has always treasured the B2B market and newly developed business opportunities in China since BuinessVibes successfully started business in China two years ago, now would like to share some figures and facts about the development of China’s B2B market.

According to the data from China’s Ministry of Commerce, China’s total E-Commerce market was recorded $928 billion in trade in 2011, which was 29.2% increase from previous year, and now representing 12.5% of country’s GDP. It is also estimated that China’s E-Commerce market, consisted both B2B and B2C, will surpass the US’ by the year of 2015.

As for the B2B market, China’s B2B online transaction volume topped $595.6 in 2010, up by 15.8% year on year. So far, China has over 9,200 B2B E-Commerce companies, rose 21.3% year on year, with combined revenues to $1.5 billion. Alibaba held the largest market share with 63.5%, followed by Hong Kong-based Global Sources with 5.3%, Made-in-China.com with 3.4%, Netsun Toocle with 2.9%, and HC International’s HC360 with 2.5%.

In 2010 the China’s B2B sector raised $550 million in capital from 42 investors, including 35 VCs, as well as two IPOs that raised a combined $389 million and five mergers. China’s e-commerce companies directly employed more than 16 million people in 2010. The number of people indirectly employed reached more than 12 million, and is expected to grow to 19 million by 2012, reported by Netsun Toocle.

The Consulting Group iResearch also reports that China’s E-Commerce revenue in Q1 2012 reached $275.9 billion, which was 25.8% higher than the same period last year. B2B still held a leading position among all the market segments of China’s E-Commerce, representing about 84.5% of the total E-Commerce transaction. Although B2B’s foreign trade and market share in China may face some challenges from impact of European debt crisis and the shrink of international demand, China’s B2B market will be still in the gradual booming trend over the next few years.

As a prestigious global B2B networking platform which is closely involved in China’s B2B market, BusinessVibes will be able to offer members with the database of more than 24000 Chinese companies, associations and event organizers. BusinessVibes can also help local and foreign companies to easily and quickly find partners, buyers, suppliers, and joint venture partners to shorten sales cycle, as well as get informed about latest business events in China.

Media Contact:
Lise Martineau
Marketing Executive – Europe
BusinessVibes Network International Inc
8 Wimpole Street
London W1G 9SP
+44 20 7291 0883
lise@businessvibes.com
http://www.businessvibes.com
Follow us on Twitter @businessvibes for daily updates
Facebook: http://www.facebook.com/BusinessVibes

Business

Gold Sales Increase Off Back of China Demand, claims AAA

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As investors all over the world continue to opt for alternative investment over traditional asset classes, demand for gold has increased by 16 per cent over 12 months. In response, AAA predicts demand will grow even further over the course of the year.

Boston, MA, USA, May 30, 2012 — As investors all over the world continue to opt for alternative investment over traditional asset classes, demand for gold has increased by 16 per cent over 12 months. In response, Alternative Asset Analysis (AAA) predicts demand will grow even further over the course of the year.

The amount spent on gold in the past 12 months has increased to $59.7 billion around the world, which AAA claims was given a healthy boost by China’s decision to hedge inflation by increasing its gold investment by 10 per cent.

The figures have been published by the World Gold Council in its Gold Demand Trends report, which also shows that demand for jewelry in China has driven the appetite for gold investment. “Demand for gold rises alongside appetite for alternative investments, but also increases when the population of a country gets wealthier and wants to diversify the risk in their portfolios by investing in tangible assets such as fine jewelry and precious metals,” explained AAA’s analysis partner, Anthony Johnson.

Much of the increase in gold buying took place among the Central Banks of the world’s emerging economies. These banks are looking for asset classes that will not necessarily follow the same patterns as stocks and bonds and other traditional investments.

Mr Johnson added, “And it’s not just financial institutions that are looking at alternative assets to balance out their portfolios, individual investors are now taking asset classes like gold, art, antiques, timberland, real estate and even wine and classic cars seriously.

“They know that these assets can hold their value during an economic downturn and, as a result, it’s a good idea to invest a large chunk of any portfolio in this sector – especially in such uncertain economic times.”

AAA, an alternative investment advocacy group, supports various alternative investment options, including timberland investment through sustainable projects like those run by Greenwood Management in Brazil.

About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.

Media Contact:
Anthony Johnson
Alternative Asset Analysis
71 Commercial St
Boston, MA 02109-1320
617-939-9596
info@alternativeassetanalysis.com
http://www.alternativeassetanalysis.com

Business

FRA says Timber demand from China could help US forestry industry

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FRA has welcomed the news that the demand for timber is on the up thanks to the increasing appetite for timber in China.

Bainbridge Island, WA, February 14, 2012 – Forestry Research Associates (FRA) has welcomed the news that the demand for timber is on the up thanks to the increasing appetite for timber in China.

Figures on timber harvesting in 2011 analysed by forestry economist, Gary Lettman, showed that harvests had picked up last year with the number of board feet harvested looking better than the past few years, which have been disappointing for the US forestry industry.

West Wood Productions Association’s CEO, Kevin Binam claims that demand in 2012 is going to improve, but is still cautious. He said, “There’s not anybody out there jumping for joy, saying it’s going to be a roaring good year, but everybody expects 2012 to be a little better than 2011.”

Many mills in the US are still running at around 80 per cent capacity, up from around 70 per cent last year in many cases. Industry insiders said they will be able to ‘ramp up’ production should demand increase even further from China and other emerging markets.

Exports of logs to China totalled 1.1 billion feet, up 108 per cent in the first ten months of last year, which indicates a major improvement in demand from the country. Binam said, “That’s been a big game changer for, not all the Western [US] mills, but certainly for some.”

FRA’s analysis partner, Peter Collins, said that although the experts are remaining tight-lipped about the prospects in 2012, the increase in demand from China is great news for the industry, which has had a tough few years. He said “We expect this increase in demand to translate to higher timber prices, with investment in sustainable forestry plantations in developing countries still proving popular with Western investors.”

FRA is an analysis and research consultancy that specialises in forestry investment. It supports a range of sustainable projects in which people can invest, including Greenwood Management’s teak and eucalyptus plantations in Brazil.

Contact:
Peter Collins
Forestry Research Associates
620 Vineyard Lane
Bainbridge Island, WA 98110
(206) 316 8394
info@forestry-research.com
http://www.forestry-research.com

Apparel & Fashion, Art, Internet & Online, Retail, Shopping

Diamond Jewellery Market Growth in East

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05 July 2011 – /RTPR/– Recent figures suggest that the market for diamond jewellery in the near future is expected to be driven by increased growth in India, China and the Gulf.

These emerging Eastern markets have demonstrated significant growth in the past few years, with diamonds proving increasingly popular as both a luxury item and a long-term investment.

By 2015, it is predicted that India, China and the Gulf will equal or surpass the market share of the US, which currently stands at 35 to 40 per cent. In 2010, India and China were already up 31 and 25 per cent respectively.

However, with worldwide reserves of diamonds at an all-time low, this new growth in Eastern countries means the balance between supply and demand is set to become more mismatched than ever; forecasts warn that demand is likely to outpace lower levels of diamond supply for many years to come.

With diamonds only getting rarer, it’s likely that the value of diamonds will continue to ascend on a global scale in the same way that gold and silver prices have already, increasing the natural treasure’s worth in the long term.

Although diamond prices have already begun to reflect the imbalance between supply and demand, the view that diamonds are an ‘investment vehicle’ that has the potential to grow – or at least remain the same – means customers are continuing to buy.

When compared to the inflated prices of gold, diamonds also – for the time being – pose a more affordable alternative in an unsteady economy.

It is yet to be seen how the rising value of diamonds will affect the production and/or prices of popular jewellery brands, popular in both the East and West, which feature diamond-encrusted pieces in their collections. For now, however, fans of Pandora jewellery and the like need not worry.

Visit the Jewel Hut, one of the UK’s leading jewellery websites, today to view an extensive collection of diamond jewellery.

Contact Details: The Jewel Hut: http://www.thejewelhut.co.uk
95 High Street
Brierley Hill
West Midlands
DY5 3AU
Tel. No. 01384 78431
E-mail: luke.mcnaney@thbaker-watches.co.uk

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