Tag: Going Global

JV Brings AccuWeather Tech to China

By Lauren Dodillet  AccuWeather Inc. and Huafeng Media Group announced a joint venture (JV) on May 22. The JV, aka Huafeng-AccuWeather (Beijing) Co. Ltd, will bring AccuWeather technology to consumers in China, Taiwan, Hong Kong, and Macao via Huafeng’s forecast...

/ May 28, 2015
Qualcomm Inc Sign

Qualcomm ‘Globalization’ Base to Win Back Chinese Tech Companies

By Lauren Dodillet  American company Qualcomm Incorporated, the world’s largest producer of chips for smartphones, announced the launch of its “globalization” unit on Monday. The Shenzhen-based unit—designed to help Chinese mobile tech companies compete overseas—comes shortly after Qualcomm settled an...

/ May 1, 2015
Neon Johnny Rockets sign

Johnny Rockets Blasts Off to China

By Lauren Dodillet  Johnny Rockets announced plans last week to open 100 restaurants in China over the next decade in its largest development agreement to date, a massive expansion plan that will help it open its first Chinese franchise in...

/ April 14, 2015

$40 Billion Silk Road Fund Kicks Off China’s ‘Belt and Road’ Initiatives

By Lauren Dodillet The China-led $40 billion Silk Road Fund Company Ltd. began operations in early January to finance Chinese economic development programs: the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The fund will invest in...

/ March 10, 2015

The Dawn of Chinese Consultancy Companies?

Western consultancy companies are facing questions in China. Can Chinese companies capitalize on the moment? By Suzanne Edwards On June 9, 2014, in an interview with China Daily, veteran management consultant in China and Founder of Gao Feng Advisors Ed...

/ March 10, 2015

China Goes West: The Globalization of Chinese Brands

In the following excerpt from Joel Backaler’s book “China Goes West: Everything You Need to Know About Chinese Companies Going Global,” the chairman of China’s largest domestic automaker discusses how his company bought out Sweden’s Volvo: “We are like a poor...

/ February 24, 2015
Spinning Wind Turbines

Chinese Nuclear Group Strikes Wind Farm Deal in the UK

By Lauren Dodillet  China General Nuclear Power Group (CGN) struck a deal with French utility company Électricité de France (EDF) earlier this week to pay more than $150 million for an 80 percent share in three of EDF’s UK wind...

/ December 22, 2014
Beijing Train

China Closes Largest Overseas Construction Deal with Nigeria

By Lauren Dodillet Chinese state-run China Railway Construction Corp Ltd. (CRCC) signed an official construction agreement with the Nigerian government last Thursday for an $11.97 billion rail line that will run the length of Nigeria’s coast. It is China’s largest...

/ November 25, 2014
Bullet Train

Mexico Reneges on Bullet Train Collaboration

By Lauren Dodillet President Enrique Peña Nieto has rescinded the contract won by a Chinese-led consortium last week to build a high-speed railway in Mexico due to questions over the deal’s legitimacy. Opposition legislators have questioned the transparency of the...

/ November 12, 2014

When China Goes West

Should American executives be concerned about Chinese competition in the United States? By Joel Backaler How competitive are Chinese companies? Do they really have what it takes to compete with American multinational corporations both at home and in overseas markets?...

/ May 6, 2014