Business

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

BUSINESS NEWS

WFOE: Necessary Evil or Vibrant Opportunity?

WFOE: Necessary Evil or Vibrant Opportunity?

WFOE, or Wholly Foreign Owned Enterprise, is the most used entity in China by foreigners. If large foreign companies do not collaborate with a local company, they have this structure for their business in China. However, is a WFOE interesting for SME entrepreneurs? Is...

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Subsidies for Foreign Companies in Shenzhen Area

Subsidies for Foreign Companies in Shenzhen Area

There is no such thing as free money, however subsidies come very close. Subsidies are chased after often, and in China this is not different. Chinese companies can have a competitive edge compared to their foreign colleagues because of local subsidies. Luckily, there...

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International Invoice Versus Fapiao

International Invoice Versus Fapiao

Without exception, our customers that just came to China or those have recently set up, have questions regarding invoice versus fapiao. Time and time again, these (in)famous documents confuse foreigners. To make it even more confusing: fapiao (发票) is the literal...

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Picking the Right Chinese Business Structure

Picking the Right Chinese Business Structure

Strategically selecting the right Chinese business structure is like running the 100-meter hurdles. Every couple of strides you come across an obstacle. This is the most confusing moment for entrepreneurs who want to do business in China. Often, at this particular...

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Chinese Company Stamp vs Signature

Chinese Company Stamp vs Signature

Many things in China, like signing a contract as the owner of a business, happen differently than in any other country. For example, an employee within a Chinese company can sign official documents using the company “signature”. This is due to the fact that...

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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”.