Main Challenges of doing business in China - Point of view from our CEO - Entrepreneur in China for 13 years.
Get some insights from real entrepreneur in China - Hands on.
8. WWW.BYSOFTCHINA.COM
BYSOFTCHINA
Etam
Kaiser+Kraft
Buymedesign
Glamour Sales
Pull-In
QuikSilver
Clickja
Delbois
eFinancial Careers
French Chamber of Commerce
Asia Inspection
Banyan Tree
Renaud
Adidas
Vinicole & Cepage Fine Wine
Haerbin Hanyu
Barnett Sport
AlenCorp
WiStyle
Renesola
Mode Trotter
Montagut
Noble House Furniture
Shenyang Stationary
Chengdu Tianfu Software Park
AP International
Decathlon
Li & Fung – Kenas Furniture
The Luxury Club
NTT Com Asia Network
Carven Paris
Chungnam Group
Sun Wharf
Raisecom
Aslan
McKorman Consulting
TCL Legrand
Cheaper Electrical
THEY TRUST US
BestBuy
OfficeMe
Taiwan Institute of Information
Gerard Darel
Saft
Woodeko
Aslan
BlueBell
InfoKids
Baobaz
Aviva Systems Biology
DC Shoes
Lipaya
CN Innovations
Beijing Gimico
NanHai
Five Star
Cap Thé
Nestle Nespresso
Over 100 satisfied customers in 10 years and counting….
11. WWW.BYSOFTCHINA.COM
BYSOFTCHINA
• More training, more quality control
• The most famous Chinese slang
• Internal process standardization & CHECK
• Protect your IP & client
• Protect your assets WELL
• Laws and regulations are lagged behind to protect IP and
business intelligence
12. WWW.BYSOFTCHINA.COM
BYSOFTCHINA
• Acquiring good talent
• Scarce pool of good talents
• Redefine “Senior”
• Even more true for cutting-edge technologies
• Expensive to recruit
• Head-hunter
• Recruitment ads
• Competition with big firms
14. WWW.BYSOFTCHINA.COM
BYSOFTCHINA
• Performance evaluation
• A systematic performance evaluation process
• Technique on providing negative feedback
• Timely house-keeping when necessary
• Retention
• A “fair” remuneration system – no secrecy on salary
• Building culture
• Creating KOLs
• A faithful HR manager
15. WWW.BYSOFTCHINA.COM
BYSOFTCHINA
• No official financing channels for foreign SMEs
• Chinese accounting & taxation rules and presentations are
VERY different from EU/US
• Look after cashflow carefully
• A realistic financial budget
• Be aware of Accounts Receivable for B2B business
• A trustable finance controller
16. WWW.BYSOFTCHINA.COM
BYSOFTCHINA
• FULL of opportunities
• Specific technology
or expertise
• Potential to acquire
small local firms
• HR
• Finance
• Legal Protection
• Expensive to expand
• Small
• Lack of brand equity
• Understanding of
local practice
• Flexible
• Adaptable
• Knowledge of Good
Expertise
S W
OT
17. WWW.BYSOFTCHINA.COM
BYSOFTCHINA
• A good time to come to China
• Full of opportunities in a BIG market
• Market is booming in many areas
• Differentiate yourself
• Niche market
• Unique skills or expertise
• Understand & practice localisation
• Flexible / adaptable
• Do business in a Chinese way
• A trustable local partner
• Be aware of watch-outs
• Legal / HR / finance
Regulations: ICP registration, data privacy (data center belongs to the government)Key Providers: China Telecom, China Mobile, Browser (360, UC), ERP (Kindee, Ufida), Phones (Xiaomi), Communication (Huawei, Lenovo), Search Engine, SNSUser Behaviour: Language, Bidding, Budget: Chinese SME’s don’t have big budget for ICT, especially for consulting, licenseGuanxi
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Brand means big value in China, so big firm can do anything:Deloitte do SEO in ChinaAccenture provides end-to-end services in China, including warehousing and logistics