WFOEs Now Permitted To Provide E-Commerce Services

Posted by PTL Group
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on Monday, 26 October 2015
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It is a well-known truth that e-commerce is the strongest trend revolutionizing how business gets done all over the world, especially when talking about China. As of December 2014 China had a population of 1.4 billion people out of which 190 million of them were part of the online shopping community. By 2020, China’s total online retail is expected to reach 10 trillion (RMB), accounting for 16% of total sales, and China’s e-commerce (including online B2B transactions) will reach 30 trillion (RMB).

Bigger and better smartphones with improved functionalities, along with app development, QR codes and mobile payment features have all contributed to shorten shopping procedures and improved mobile shopping convenience. Up until last year, e-commerce was a no-go to foreign enterprises but a new policy is changing the rules of the game.

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101 Taxation for Foreign Invested SMEs in China, a semester away to complition of the pilot reform

Posted by Andrea Cristancho
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on Thursday, 02 July 2015
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Managing your tax liabilities and obligations and interpreting them for HQ abroad can be a time consuming and tedious task. Deciphering the mechanism takes time, and once in rhythm adapting to regulation updates is a quest. Solving VAT problems in China requires experience; Shirley Xia – PTL Group Financial Controller - shares her experience managing our clients’ challenges with the undergoing VAT reform.

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Recognized Medicine Brands Made in China: Will they be the next step for the Chinese Market? Are there BIG opportunities for this industry?

Posted by Miriam Ortega
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on Thursday, 02 July 2015
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China has made an effort to create a viable environment for the pharmaceutical industry since 2009. The five year plans demonstrate this, as described in three stages.

First Stage (11th FYP 2009-2011): Consisted of setting up the base for reforming the basic health system, and increasing the basic medical insurance coverage to more than 90% of the Chinese population. This healthcare reform was expected to boost the market demand, with revenues and profits going up steadily at 20% per year.

Second Stage (12th FYP 2011-2015): Currently in execution, consists of strengthening the basic healthcare system and deepening the reforms to other sectors in the system. Since 2003, the SDA has been reformed to become the State Food and Drug Administration (SFDA). This was done to incentivize foreign access.

Third Stage (13th FYP 2016-2020): This stage is planned to solidify and consolidate the industry by improving medicine distribution, reducing health care cost, and investing more in the R&D of drugs.

It is important to mention that due to these reforms and the work of the officials, China is welcoming foreign investors in this sector. Without a doubt this represents a great opportunity due to the size of the Chinese market.

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ChAFTA Signed!

Posted by Andrea Cristancho
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on Thursday, 02 July 2015
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Following up with comments about the Free Trade Agreement between China and Australia (ChAFTA) once back from our Australia visit last year, we can now say China and Australia have signed.  

Surely the dairy industry will benefit from the opportunity, same as the beef with a tariff of 12 % - 25% removed over 9 years, and wine 14% - 30% within 4 years. On the contrary, some industries were not able to join the negotiation and will have to wait 3 years to start discussions, such as cotton, sugar, rice, wheat, canola and maize. In general, the sectors covered are agriculture, mining and energy resources, investments, trade in services and financial industry.

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Chinese Investors –Israeli Technologies: Conference Highlights

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on Monday, 15 June 2015
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A high-tech conference entitled “Chinese Investors –Israeli Technologies” was held last week by the research firm IVC at the Tel-Aviv stock market in Israel.

The conference was opened by IVC’s Michael Adam who unveiled some interesting figures. According to IVC, Israeli firms are expected to raise $1.2-1.5 billion USD by the end of the current year, half of which is expected to come from Chinese investors -and this is the conservative estimate. For 2015,IVC estimates about half of the fundswill come from Chinese investors.

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PTL Group GM speaking at Dutch China Symposium

Posted by Gloria Poelz
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on Thursday, 04 June 2015
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Once again, on May 28th PTL Group's general manager Mr. Arie Schreier has held a workshop at the yearly Fenedex China Symposium. Every year multiple Dutch companies who are doing business in China  come together to this event to widen their knowlegdge and to get up to date about the latest trends and changes in China....

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Is Israel China’s New Best Friend?

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on Thursday, 14 May 2015
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With increasing investments in Israeli tech startups and universities, and a wide-spread adoration for Israeli entrepreneurial spirit, China-Israel relations are stronger than ever and set to grow even closer. Two Israeli businessmen, including Zvi Shalgo, Managing Partner of Synergy Funds, provide their insights on Israeli activity and opportunities in the Chinese market.

Full Story:
http://nocamels.com/2015/05/china-israel-tech-relations/

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Edutech in China Infographic

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on Tuesday, 05 May 2015
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The development in education technology is revolutionizing the field, in China as well.

The following infographic, created by Edufraction.com, provides an overview of the intensive advancement of this area in recent years. 

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PTL General Manager speaks at CanCham Shanghai Event

Posted by Gloria Poelz
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on Wednesday, 22 April 2015
in Business in China

On April 22nd the Canadian Chamber of Commerce in Shanghai is hosting the event "China Untold: Entry Mistakes of Foreign SMEs and the Advantages of the Factory Incubator Model" with PTL's General Manager Arie Schreier as a speaker.

The topic of the talk involves...

The Shift from Human Labor to Robot Labor in China

Posted by Miriam Ortega
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on Monday, 20 April 2015
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What is the next step for manufacturing? Today, the world is moving at such a fast pace due to the internet and technological advances, that everyone is wondering what the next step is for manufacturing.  We must take into account that China, the biggest manufacturer in the world, has increasing labor and production costs. According to The Economist, since 2001 the hourly wages for manufacturing jobs in China have increased 12% every year.

Tel Aviv University Visits China Once Again

Posted by Miriam Ortega
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on Monday, 20 April 2015
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China is a topic relevant to many, not only because it one of the biggest economies in the world, but also because many things are happening here and now. This of course is one of the reasons the Executive MBA Program from the Recanati Business School Tel Aviv University visited the Mainland once again. Their stay in China lasted a week, and during this time the delegation toured 5 cities and visited more than a dozen companies. E-commerce, dairy market products, outbound investments, and technological exchanges between Israel and China were some of the topics in the agenda.

AmCham Interviews PTL Group Founder Zvi Shalgo

Posted by Michael Wilder
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on Monday, 20 April 2015
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April 10th – Shanghai

PTL Group of Companies’ Founder and Chairman, Zvi Shalgo, sat down at the American Chamber of Commerce in Shanghai for a journey into the past.  The one-on-one interview about Zvi’s “Made in China” experience was for a new podcast series chronicling the lives of some of China’s most interesting and successful business men and women. 

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The True Cost: Maintaining a Wholly Foreign-Owned Enterprise in China

Posted by Michael Wilder
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on Sunday, 19 April 2015
in Business in China

Set Up Costs

To register a WFOE in China, there are set up costs that you just cannot get around. Often times for SMEs, this reality drastically increases the financial risk of entering the market.  The good news is however, other options exist that allow foreign companies to begin operations immediately upon signing a contract agreement with a local partner.  To get more information on that topic, perhaps you'd be interested in my last article here.

Realistically, the time required for registration - to gather all the necessary paperwork, translate it when appropriate, etc, submit it to Chinese authorities, and wait for all the approvals - is at least 6 months.

To Sell in China, Save Time and Money: Don’t Register a Legal Company

Posted by Michael Wilder
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on Sunday, 19 April 2015
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Small and Medium-sized Companies

You've decided it’s time. The Chinese market, with its vast size and impress growth history, can no longer be ignored as a place of doing business, capturing customers and establishing real market share. With the sheer size, history and land area that comes with the Chinese territory, it is no wonder that Chinese cultural traditions, norms and expectations abound and have permeated into its business practices. As a result, a level of business complexity exists here that is often a confusing amalgamation of Western influence, ancient Han Chinese tradition and local, modern mixed economic regulations instituted by the One Party system. Indeed, China is a place where businesses go to either thrive or die.

The first meeting of the China Business Club in Israel

Posted by Andrea Cristancho
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on Tuesday, 24 March 2015
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Many Israeli exporters face challenges in the Chinese market, and with a variety of issues numerous specific questions arise. With the environment changing quickly there is a constant need to catch up and find out about best practices for doing business in China.

So this year – its PTL Group’s 15th anniversary of doing business in China – we established a forum for active managers of Israeli companies operating in the Chinese market, where it was possible to discuss the small details and particularities of doing business in China. This is of major importance since these "little details" crucially affect bottom line results at the end of the year.

Infographic: China's Social Media

Posted by PTL Group
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on Tuesday, 24 March 2015
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(To view the inforgrpahic please click 'Continue reading' below)

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Taditel's ribbon cutting ceremony at CI3

Posted by Andrea Cristancho
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on Wednesday, 28 January 2015
in Business in China

On Jan. 22 the automotive modules manufacturer Taditel celebrated its ribbon cutting ceremony at the industrial incubator CI3's facilities - a PTL group affiliate company; Taditel managers warmly welcomed their guests to the event with a traditional Chinese Lion dance performance and took them on a tour through the facilities. 

PTL client Visualead secures investment from Alibaba Group

Posted by Andrea Cristancho
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on Friday, 23 January 2015
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Congratulations to our client - VISUALEAD - for raising investment from the Chinese e-commerce giant Alibaba, the first direct-investment of Alibaba in an Israeli high-tech company. The amount of investment has not been published but is estimated at 7-9 million. Furthermore, Alibaba and Visualead also entered into a strategic cooperation agreement.

With its visual QR code technology Visualead has developed applications that are already being used by more than 500,000 businesses all over the world. Visualead also has an office in Shanghai where PTL Group provides financial services as well as assistance in dealing with local suppliers and invoicing in local currency. From their Shanghai office Visualead has already been cooperating for some time with Alibaba and other Chinese companies.

Warm greetings and a lot of success,

The PTL Group team

Taditel - CI3 opening ceremony event invitation

Posted by PTL Group
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on Wednesday, 14 January 2015
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Happy New Year to you!

As you may know, PTL Group, besides providing platform to foreign SMEs in China, has also established a manufacturing incubation platform which hosts the manufacturing operations of foreign SMEs. 

The manufacturing incubation facility is managed by PTL Group’s sister company,CI3 ( Changzhou Initiative Industrial Incubator). This month, CI3 is having a ribbon-cutting event for an inaugural factory opening of its client Taditel. This will be the 7th client that has utilized the CI3 facilities. 

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Preparing for the Year of the Sheep: 15 Tips to Wrap Up before Chinese New Year

Posted by Andrea Cristancho
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on Tuesday, 13 January 2015
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The 2015 Chinese New Year is around the corner, and this time we celebrate the year of the sheep. At PTL Group, we start to get busy on preparations and To-Do Lists come in handy. Therefore, we’d like to share 15 tips that could be helpful in wrapping up the Year of the Horse with precision, and welcoming in the docile sheep.