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Taditel's ribbon cutting ceremony at CI3

Posted by Andrea Cristancho
Andrea Cristancho
Andrea Cristancho has not set their biography yet
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on Wednesday, 28 January 2015
in Business in China

On Jan. 22 the automotive modules manufacturer Taditel celebrated its ribbon cutting ceremony at the industrial incubator CI3's facilities - a PTL group affiliate company; Taditel managers warmly welcomed their guests to the event with a traditional Chinese Lion dance performance and took them on a tour through the facilities. Through the event numerous government officials spoke about the success of Taditel over the past couple of years, as well as welcoming more innovation and start-ups to move into Changzhou from Israel.

The governor of Changzhou and the CEO of Taditel then performed the important task of drawing the eyes on the lions which symbolizes the giving of life to the them and allowing them to see. In this spirit, we at PTL Group wish Taditel a future of growth and success.


PTL client Visualead secures investment from Alibaba Group

Posted by Andrea Cristancho
Andrea Cristancho
Andrea Cristancho has not set their biography yet
User is currently offline
on Friday, 23 January 2015
in Business in China

 

Congratulations to our client - VISUALEAD - for raising investment from the Chinese e-commerce giant Alibaba, the first direct-investment of Alibaba in an Israeli high-tech company. The amount of investment has not been published but is estimated at 7-9 million. Furthermore, Alibaba and Visualead also entered into a strategic cooperation agreement.

With its visual QR code technology Visualead has developed applications that are already being used by more than 500,000 businesses all over the world. Visualead also has an office in Shanghai where PTL Group provides financial services as well as assistance in dealing with local suppliers and invoicing in local currency. From their Shanghai office Visualead has already been cooperating for some time with Alibaba and other Chinese companies.

Warm greetings and a lot of success,

The PTL Group team

Preparing for the Year of the Sheep: 15 Tips to Wrap Up before Chinese New Year

Posted by Andrea Cristancho
Andrea Cristancho
Andrea Cristancho has not set their biography yet
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on Tuesday, 13 January 2015
in Business in China

 

The 2015 Chinese New Year is around the corner, and this time we celebrate the year of the sheep. At PTL Group, we start to get busy on preparations and To-Do Lists come in handy. Therefore, we’d like to share 15 tips that could be helpful in wrapping up the Year of the Horse with precision, and welcoming in the docile sheep.

From Administration to Finances, in China, from December until May we prepare for closure, but this time we get ready to close the office for seven days. Here are the 15 tips:

 

1. Prepare to send out your corporate Chinese New Year greeting cards. This takes a good month of work; either in-house or outsourced. Ideally your card needs to be ready to be sent out by February 2nd -4th allowing time for the mail service to deliver to final destination across China; it could take from 2 to 5 days. This year based on the lunar calendar we celebrate CNY on February 18th-20th, so you’d like to greet your friends before they wrap up to rejoice with family. Every year we ask ourselves, when would people be off work? The answer varies from city to city, company to company, and it’s based on policy and how far the staff is from home.

 

2. Remind your team to set their out-of-office auto reply. This is important to let everyone else know when they will be back.

 

3. The entire country is celebrating Chinese New Year, and port authorities are no exception. If you are purchasing, exporting and managing inventory in China, keep in mind customs officers. We strongly urge our clients to send a note to their home offices and their own clients with China’s CNY calendar. Also, it’s helpful to include logistics contingency suggestions so they can organize the shipping agenda, production plan, and sales forecast with this year’s dates.  You are welcome to download the PTL Group 2015 calendar here.

 

4. Ensure mechanisms are in place so your goods reach the client before February 16th. And when sending goods to China, schedule the last day for shipping to arrive by February 6th at the latest. Even if your goods arrive to China within the week prior to CNY Eve, most likely they will be released after CNY and storage will cost you a good amount of money.

 

5. Brand your end of year logistics agenda to inform all parties involved locally about your last working day. It is a good way to refresh your identity in the eyes of your network before holidays.

 

6. In case of an emergency, set a plan or mechanism to activate beforehand. Hold a meeting to share this plan with the team before the holiday spirit arrives.

 

7. As it is an expected tradition in China, the 13th month pay or red envelope (红包) is something that follows a company’s policy. Check with your HR department for what corresponds and include this extra sum in your team’s February salary on regular payroll. It might also be expected to be received a few days prior to the holiday, or at the company dinner - around Feb 12th would be a safe estimation. Afraid your team won’t come back after the bonus pay? That’s a topic for another article.

 

8. Company dinners get city venues busy with lots of preparation required to entertain and award your team. Assign someone to assist with this task, make a reservation - and do it soon.

 

9. Book these dates, both holiday and working times have been announced. This year, February 18th to 24th corresponds to celebrating the Year of the Sheep. February 15th -17th and the 28th are working days that are “pre-payment” for future holidays.

 

10. In case your company in China intends to follow a more normalized work schedule, keep in mind that February 18th - 20th are considered holidays, so triple payment shall be arranged per each day worked.

 

11. As it is tradition for Chinese families, these days of festivities signify joy, gift-giving, eating and drinking. But what to bring when invited? A basket of fruits for the elders and a red envelope for the youngest of the family with a few RMB notes inside.

 

12. What to expect at such gathering? Family, friends and a cozy environment where food will be served and fireworks will be lit.

 

13. When in China, expect congestion around the main public transportation areas. Airports, train stations and main bus hubs become the most crowded places to be while everyone travels to reach to their destinations. Book train seats and flights in advance since it might not be possible to find availability. Prepare for earlier arrivals for check in to avoid disappointment.

 

14. When abroad, expect China to be quiet and calm until the end of February; most likely, your Chinese counterparts will be back in the office by February 28th.

 

15. Last but not least, embrace the Year of the Sheep. And, if you happen to be born in 1955, 1967, 1979, 1991, or 2003, 2015 is your year; so don’t forget to wear a red bracelet for luck and tradition. 

 

Shanghai Tower

Posted by Josh Morrison
Josh Morrison
Intern at PTL Group
User is currently offline
on Tuesday, 13 January 2015
in Business in China

 

After living beside the Shanghai Tower for just over 4 months and seeing the development of such an immense building I decided to share some of its most interesting facts, from an architectural point of view, environmental point of view and of course a business point of view.

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Uncertainties in China- Dream Big or Be Averse to Risk

Posted by Vincent Hu
Vincent Hu
Vincent has over 10 years of management experience in leadership positions of logistic companies. He has an en...
User is currently offline
on Sunday, 04 January 2015
in Business in China


The concept of “Uncertainties in China” from a business perspective can reflect on uncertainties in several fields, including unpredictable government policy changes, dictatorship of the legislation system, business ethic problems, huge increasingly wealthy population with dramatically rapid consuming trend changes and rocketing e-commerce and social media adoption happening in China. This article mainly focuses on macro-economy trend and SMEs’ market entry strategies.

China GDP Exceeds USA?

Recently, a popular topic is how soon the GDP of China will exceed that of the US. Some analysts even assert that the real GDP of China has closed to or equated with that of the US. The achievement of GDP growth of China was amazing in these past twenty years, so does the discussion about the GDP surpassing expectation prove the China market would keep growing and be a wonderful place to do business? Following MNCs, should SMEs dream big and head towards the China market?