Business

Read about Chinese business habits and insights, and about the development in the Chinese market.

BUSINESS NEWS

Normal vs Simple Company Cancellation China

Normal vs Simple Company Cancellation China

Closing a company in China is not always easy and the reasons for the closure are often different. A crucial factor for a swift cancellation is ensuring the compliance of one’s entity during the cancellation process. Although tempting, it not advised to ‘walk away’...

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The Drone Industry in China with its capital Shenzhen

The Drone Industry in China with its capital Shenzhen

Drones have been attracting global attention for the last several decades. While initially they were primarily seen as tools of the military and tech hobbyists, due to the improvement of drone technology, their commercial, industrial and agricultural applications are...

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Chinese Players in AI Chip Design

Chinese Players in AI Chip Design

Huawei/Hisilicon There is a broad consensus among AI chip experts that the only Chinese company with sufficient design and engineering talent to compete head-on with global US industry leaders is Huawei, due to its subsidiary HiSilicon. HiSilicon is China’s national...

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The impact of COVID-19 on E-commerce in China

The impact of COVID-19 on E-commerce in China

Relying on the huge market potential, China’s e-commerce platforms are an enormous success. During the past years, 1421 Consulting group has already created many articles about e-commerce in China. These are listed below First article: History of the Future: how China...

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Running a Company in China from a Distance: 5 Key Elements

Running a Company in China from a Distance: 5 Key Elements

There are estimated to be over 700.000 different business books in the world, and a significant portion of those books are about managing a company. The amount of literature on management shows the importance and difficulty of managing a business. There are many...

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What happened in the year 1421?

From 1421 to 1423, during the Ming Dynasty of China under Emperor Zhu Di (朱棣) the fleets of Admiral Zheng He (鄭和), commanded by the Chinese captains, discovered Australia, New Zealand, the Americas, Antarctica, the Northeast Passage; and circumnavigated Greenland.

Due to this endeavour we can conclude that “1421 is the year that the Chinese discover the world”.