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China Deepens the VAT Reform

Posted by PTL Group
PTL Group
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on Tuesday, 17 October 2017
in Business in China

China’s Value Added Tax (VAT) reform was introduced in 2012 and implemented national wide in May 2016. From May 2016 to June 2017, 85.12 billion RMB has been cut from companies’ burden, according to the Ministry of Finance.

Premier Li Keqiang confirmed that China will continue to refine VAT reform, following an August 18th meeting of the State Council Executive Meeting.

The VAT reform programs announced this year continue to streamline and simplify China's tax structure.

 There are four major changes as followed:

1.Tax tiers have been reduced from four to three tiers (now 6 percent, 11 percent, and 17 percent, with the 13 percent tier removed) and reduce tax rates for farm products, tap water, and publications from 13 percent to 11 percent.

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Established in 1985, ACS Motion Control (ACS) is an international manufacturing company that provides state of the art motion control solutions. ACS has sales and support centers in the USA, Germany and South Korea. In 2011, ACS started its business in China by using PTL Group’s operational platform.

In March of that same year, Mr. Tu joined ACS China as their China General Manager.

Q: ACS has been using PTL Group’s operational management service since 2011, how do you find this platform helping with your daily work?

 

A: A great benefit is that we don’t need to set up a legal entity since we can already operate by using PTL’s platform. They recruit and manage our employees in terms of payroll, social insurance, and the expense and reimbursement of our employees. Furthermore, they host us at their well-located office in Shanghai where we have our independent office space, but still enjoy use of the shared meeting rooms, reception, and cafeteria. Thanks to PTL Group’s operational management, I can focus on developing our business and managing a well functioned distributor team. 

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A Way out in the Chinese Market for an International Software Service Company An interview with PTL Group’s Client - Plataine

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
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on Friday, 13 October 2017
in Business in China

Plataine is an award-winning provider of Cloud-based IoT manufacturing optimization software. Plataine’s patent-protected solutions provide material & asset tracking and

traceability capabilites, creating the Digital Thread from raw material to end product. Plataine’s AI-based Digital Assistants empower advanced manufacturers to make optimized decisions on time, every time. Plataine’s solutions are used by top-tier manufactures including Airbus, GE, IAI, and Steelcase. With its HQ and R&D center in Israel, Plataine extended its sales to China in 2009 through one sales representative, however, the sales took off dramatically since Mr. Jason Xu and a new team joined in 2014. Today, Plataine’s China sales activities is 10-fold the sales it was in 2014.

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WeChat “Mini Programs”

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
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on Wednesday, 23 August 2017
in Business in China

Where are they heading?

On January 9th this year Tencent introduced WeChat Mini Programs after a long period of waiting. Before their launch, Mini Programs were the hottest topic among marketers and developers since they might well change the current mobile application market that is dominated by the App Store and Chinese alternatives to Google Play (since Google Play is not available in China).

What are WeChat Mini Programs?

WeChat Mini Programs is another function Tencent created for WeChat, a very popular app that has over 900 million monthly active users as of Q1 2017. The Mini Programs are developed based on the WeChat platform and can be run within WeChat itself. In other words, it’s an app within another app. Hence, mobile users don’t need to download a virtual app from the app marketplace, but can use the applications simply by opening WeChat.

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How to reach 100,000 reviews on a WeChat post

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
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on Wednesday, 23 August 2017
in Business in China

Since more and more companies are realizing the importance of WeChat as a marketing tool in China, the following kinds of campaigns have been used

“Scan and follow our WeChat account to get 2 bottles of drink for free.”
“Take a picture and share on your moments and get 10 RMB discount.”
“Forward this campaign to your moments and receive a 100 RMB coupon. “

By using these general points above as the means to introduce your WeChat account, you can easily get your customers to spread your campaigns. Although many customers comply with corporate aspirations to share content, however after they have received the freebie or coupon they will delete the content which leads to a lack of results.

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