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Hangzhou as the Chinese Silicon Valley

Posted by PTL Group
PTL Group
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on Monday, 26 October 2015
in Business in China

Home to Jack Ma, Alibaba’s founder and e-commerce savvy, Hangzhou is now being positioned as the next Silicon Valley in China. With the help of the government and private investors, new technological clusters are being built along the municipality.

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The Challenge Of Outsourcing

Posted by PTL Group
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on Monday, 26 October 2015
in Business in China

 

Globalization completely changed the way we do business, it broadened markets, generated economies of scope and erased boarders between nations allowing the free flow of goods and services. Outsourcing was one of the major strategies that boomed during this period, multinational enterprises (MNE’s) outsourced its operations to countries with cheaper labor and natural resources. However, outsourcing has recently leaped from manufacturing into service industries, such as call centers and order service fulfillment operations, raising the question, when is it convenient to outsource?

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WFOEs Now Permitted To Provide E-Commerce Services

Posted by PTL Group
PTL Group
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on Monday, 26 October 2015
in Business in China

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
Andrea Cristancho
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on Thursday, 02 July 2015
in Business in China

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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Chinese Investors –Israeli Technologies: Conference Highlights

Posted by PTL Group
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on Monday, 15 June 2015
in Business in China

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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