Close X

Leave a comment


Name:
Email:
Comment:
  I have read and understand the terms and conditions
 

Please click the post button only once - your comment will not be published immediately

Finance and banking

Business Focus >>

The new manufacturers The new manufacturers

A great British renaissance has been taking place. From Aberdeen to the West Country, the zing is back in manufacturing. It’s about time this spectacular story was told.

  • hot
  • hot

Setting up shop in China

by Catherine Woods - Friday, 30th November 2007 -

Setting up shop in China

Market research company B2B International hired locals and expats when it set up a subsidiary in China. FD Matthew Harrison says that’s because the staff would have to liaise with Western and Asian clients.

“The Chinese market is quite different to the Western market. Client needs are different and expectations are different. We need to have a team that has an understanding of Asian research needs and Western research needs because the office is doing both of those functions,” Harrison says.

The office is led by an Englishman who also speaks Chinese. “The other expat is from Singapore,” Harrison says. “Our deputy general manager is Chinese and the executives over there are all Chinese.”

The motivation for establishing a presence in China was that B2B International’s clients were increasingly looking to sell into the country. Harrison adds: “I looked at the feasibility of the move. I went to China, spoke to the players in the market and then we decided to set up an office there. I then stayed in China for almost a year.”

Harrison says that while the incorporation of the company was “slightly lengthy”, it wasn’t a huge problem. However, deciding where to be based was a challenge. “We chose Beijing because our work relies on speaking to industry associations and government officials and they tend to be in Beijing rather than Shanghai,” Harrison says.

“Recruiting staff was also a challenge. Market research and consultancy is a relatively embryonic market in China compared with the UK.”

B2B International is privately owned, has a turnover of £2.2m and 25 full-time employees in the UK. Harrison says the company is expected to double in size within the next couple of years because of its international development initiatives.

Picture source

BUSINESS NEWS >>

Banks back luxury tea enterprise

By Kate Pritchard - November 21, 2008 5:11pm GMT

Melissa Choi, the 34-year-old entrepreneur behind luxury green tea firm Choi Time, is one of just two companies to secure a Small Firms Loan Guarantee from NatWest this year.

Projecting a rosier future

By Simon Kearsley* - November 21, 2008 4:37pm GMT

During a downturn it’s natural to think about ways in which you can reduce your monthly bills, but the act of scrutinising costs isn’t just about shedding pounds, it can also help you understand how to maximise profits.

FD watch

By Catherine Woods - November 21, 2008 3:58pm GMT

New finance directors have been appointed at Barrie & Hibbert and I-Financial Services group.

James Caan nabs a bargain

By Rebecca Burn-Callander - November 21, 2008 3:06pm GMT

House prices may be falling. The economy is in tatters. But there is a silver lining if you happen to have some spare cash lying around.

What to do if an employee is a BNP member

By Catherine Woods - November 20, 2008 4:12pm GMT

If you've spotted the name of one of your employees on the BNP membership list that's been made public, the worst thing you can do is dismiss them on the spot.


BUSINESS COMMENT >>

Real Business’s search for a diarist

By Catherine Woods - November 21, 2008 5:10pm GMT

Do you fancy yourself as a bit of a writer? Would you like the chance to publicly or anonymously share what’s happening in your business with the world wide interweb?

TGI Friday: Let the gags begin

By Rebecca Burn-Callander - November 21, 2008 10:57am GMT

The Friday funnies are something of a Real Business tradition these days. Check out our hilarious gems from Chuckletown. 

Mandelson backs the Dancing Pig

By Kate Pritchard - November 20, 2008 5:11pm GMT

At the National Business Awards on Tuesday, Peter Mandelson revealed where his real loyalties lie. And it’s not just with small businesses.

Global Entrepreneurship Week begins...

By Matthew Rock - November 17, 2008 9:50am GMT

And, boy, do we need it...

Hold onto your sides: it's the Friday funnies

By Rebecca Burn-Callander - November 14, 2008 3:44pm GMT

Take five and have a little chuckle at the best business humour around.


Click here to sign up for the Real Business newsletter
Real Business Front Cover