China’s Renren Invests in U.S. Startup FiscalNote

Renren has led a $10 million investment in a Washington, D.C.-based startup that uses big data to forecast legislation, the latest move by the Chinese social network to fund innovative companies that could further the company’s growth. FiscalNote, founded in 2013, uses data-mining software and artificial intelligence to predict legislators’ votes and the success or [...]

Baidu competing for top talent with Silicon Valley R&D center

  The Baidu logo at its headquarters in Zhongguancun, Beijing. (Photo/CFP) Chinese internet giant Baidu has been competing for talent with the likes of Facebook, Google and Microsoft since 2011, when it established a research and development center in Silicon Valley, according to Shanghai’s China Business News. Baidu’s R&D center in Sunnyvale, California currently has [...]

UK Businesses Urge Government Simplify Visa Application Process for Chinese Visitors

Britain is treating Chinese citizens “like criminals” under its complex visa entry system, which prevents thousands of tourists from visiting the UK and boosting economic spend, industry chiefs warned. Business leaders including British Airways boss Willie Walsh; Nick Varney, chief executive of the Madame Tussauds owner Merlin Entertainments; and Grant Hearn, Travelodge chief, have warned [...]

Ten Best Practices for US Companies Doing Business in China – VIII

Be a leader, be innovative, and be the best In China, Foreign companies have to continually update products and services not just because consumer needs change in the fast growing economy, but mainly because competitors constantly introduce similar products with much lower price.   It is not wise to start the price war with Chinese [...]

Ten Best Practices for US Companies Doing Business in China – VII

 Protect Intellectual Property Right a.    Register Trademarks, Patents, and Copyright b.    Protect business secrets When you design products, which you plan to manufacture in China and distribute worldwide, you need to break the products design into pieces and assign to different manufacturers. Don’t let left hand know what right hand doing. c.    Sign Non-disclosure agreement [...]

Chinese online mall Taobao Tmall reports $3B — yes billion — in sales in one day

  November 13, 2012 3:02 PM The top Chinese e-commerce service Taobao reported $3 billion in sales in a single day, November 11, according to Chris West, a British expatriate currently living in Fuzhou, China. And according to the company’s own infographic (included below) which is, naturally, in Chinese. November 11 may be Veteran’s Day in the U.S. and [...]

How to attract Chinese firms to invest in your country

Investing in Europe Asia, Europe and Africa are the top three destinations for China’s ODI. But since the European debt crisis broke out, Europe has led the growth and will probably continue to do so. In 2011, China’s investment in the European Union jumped by 94 percent year-on-year to $4.28 billion. In Africa it increased [...]

On the way to exotic bouquets

Great Wall lines the shelves in Chinese supermarkets. Provided to China Daily   Chinese wine makers create new window of opportunity with unique oriental flavors Oriental flavors are set to pep up the burgeoning wine market in China, even as old world and new world offerings strive to grab more attention in what is undoubtedly [...]