News Feed Item
China Going Global Think Tank Kicks Off with CEO Forum In Beijing
Lord Mandelson, top experts in strategy, finance, law, and branding offer expertise to Chinese companies with international ambitions
|By PR Newswire
|March 21, 2014 01:22 AM EDT
BEIJING, March 21, 2014 /PRNewswire/ -- China Going Global (CGG) - the country's first think tank on issues facing Chinese companies expanding overseas - today hosted Chinese chief executive officers and other senior managers at its first forum here.
The two-day event, China Going Global Outbound Investment and M&A Forum: What Every CEO Should Know, welcomed 50 top international experts to give advice on how Chinese enterprises can master the rules of the game and manage common risks as they go global.
Lord Mandelson, former European Union trade commissioner and currently Chairman of the Global Counsel consultancy firm, was the keynote speaker. He noted that in making acquisitions overseas, Chinese companies must often pay a "China premium" due to perceptions or uncertainties about their working styles and their reputation for being cash rich. He advised companies to look beyond the "win-win" for themselves and the companies they work with and make a special effort to communicate the benefits they bring to communities, employees, and other stakeholders in new markets.
Chinese outward foreign direct investment is expected to rise to US$150 billion per year by 2015, but a high proportion of attempted overseas investments fail, with most companies here still in their infancy in understanding foreign markets, formulating strategy, and executing plans for international expansion.
The CGG is the first think tank dedicated to research on these topics. It was founded by four leading Chinese companies: CITIC Securities, ShineWing Certified Public Accountants, Zhong Lun Law Firm, and BlueFocus Communication Group.
Also today, the CGG released the first two volumes of China Going Global Observer, a series of books published by China Machine Press on strategy, finance, law, and brand. The first volume focuses on outbound investment in the energy and minerals sectors and the second is devoted to international M&A in the manufacturing industry. Three more volumes will be published by next year.
The CGG also launched its official website (www.cggthinktank.com) and its public WeChat account.
About the CGG's four founding members
Investment Bank - CITIC Securities
CITIC Securities was founded in October 1995 and is headquartered in Shenzhen. It is the first Chinese investment bank to be listed on the Shanghai Stock Exchange (SSE Code 600030) and Hong Kong Stock Exchange (HSE Code 6030) and its services extend across the entire Chinese market. CITIC Securities covers the full range of service categories in the securities market, including brokerage, underwriting and sponsoring activities, proprietary securities business, asset management, securities investment consulting, and securities margin trading. In 2013, CITIC Securities acquired 100% of the shares of Credit Lyonnais Securities Asia (CLSA) Asia-Pacific Markets. In combination with partners in America and Europe, CITIC Securities now has its own network and professionals across all of the major markets in the world.
Accountants - ShineWing Certified Public Accountants
ShineWing is a Beijing-based accounting firm with 30 years' history, making it one of the first domestic accounting firms founded in China. It has 19 branches in mainland China and four outside of China in Hong Kong, Japan, Singapore, and Australia. It is the first Chinese accounting firm to set up offices overseas and to have merged with groups from a western accounting firm with a hundred-year history. It has established an international network in partnership with leading independent accounting firms internationally. ShineWing has approximately 4,000 finance and accounting experts in mainland China and 800 professionals outside of China. With the highest level of qualifications in all industries, it is regarded as one of the highest rated and most professional accounting firms in China. It is also one of the initial 12 accounting firms that received a license to conduct auditing services for H share companies by the Ministry of Finance and the China Securities Regulatory Commission.
Lawyers - Zhong Lun Law Firm
Founded in 1993, Zhong Lun is one of the largest full service law firms in China. It has over 160 partners and about 700 professionals, with offices in 10 locations inside and outside of China. With all its teams working in close cooperation, and in partnership with leading international law firms, Zhong Lun endeavors to provide solution-oriented services of the highest quality and efficiency for outbound and inbound investment and business. Zhong Lun is the first Chinese law firm to have a team specialized in outbound investment, comprised of lawyers with educational backgrounds and qualifications in a number of jurisdictions around the world. It has established a global network of offices and partner law firms. The team is fully experienced in outbound investment and has assisted Chinese clients with investments all over the world. The team's practice disciplines cover all categories of clients, including state-owned investors and privately owned investors, commercial banks, investment banks, governmental institutions, and all industry sectors, including oil and gas, power, alternative energy, railway and transportation, mining, telecommunications, manufacturing, and high-tech.
Branding - BlueFocus
BlueFocus Communication Group is the market leader for brand management solutions in the Chinese market. The Group's major service offerings cover digital marketing, public relations, advertising, event management, and international businesses. BlueFocus was established in 1996 in Beijing and was listed on the Shenzhen Stock Exchange/Growth Enterprise Market (300058.SZ) on February 26, 2010. Its major subsidiaries include BlueDigital, Insight PR, Best Choice, Phluency, Dentsu BlueFocus, SNK, Eyes Media, Kingo Advertising, Bojie Media, BlueStrategy, and We Are Social. BlueFocus provides services to over 800 multinational companies and leading Chinese enterprises. Its clients include more than 40 Fortune 500 companies in the IT, automobile, consumer goods, real estate, Internet, finance, and entertainment industries. Headquartered in Beijing, BlueFocus has four regional branches and 23 local offices in the Chinese mainland, as well as a global network that covers Hong Kong, Singapore, North America, and Europe. The Group employs approximately 3,000 people worldwide. Revenue in 2012 reached RMB 2.17 billion.
SOURCE BlueFocus Communication Group
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Sep. 29, 2016 12:15 AM EDT Reads: 471
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 29, 2016 12:00 AM EDT Reads: 2,927
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Sep. 28, 2016 11:30 PM EDT Reads: 3,949
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively.
What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Sep. 28, 2016 11:30 PM EDT Reads: 2,723
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments.
In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
Sep. 28, 2016 10:30 PM EDT Reads: 3,059
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Sep. 28, 2016 09:15 PM EDT Reads: 348
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 28, 2016 08:30 PM EDT Reads: 1,714
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises.
The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Sep. 28, 2016 08:15 PM EDT Reads: 340
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams.
In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 28, 2016 07:00 PM EDT Reads: 1,626
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things.
And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 28, 2016 06:45 PM EDT Reads: 4,153
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams.
In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums.
John Paul is the CEO and Founder of VenueNext. Prior ...
Sep. 28, 2016 06:30 PM EDT Reads: 3,118
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors.
In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Sep. 28, 2016 06:15 PM EDT Reads: 303
The Internet of Things can drive efficiency for airlines and airports.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
The session will include a working demo and a technical d...
Sep. 28, 2016 06:00 PM EDT Reads: 1,777
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Sep. 28, 2016 05:15 PM EDT Reads: 259
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it.
In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
Sep. 28, 2016 05:15 PM EDT Reads: 264