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...
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...
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...
$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...
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...
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...
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...
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...
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...
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?...