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One of our clients, owner of http://www.outsourcedmylife.com, did a nice review of BPOVIA on his blog at http://www.outsourcedmylife.com

From the review:

“One of the companies I’ve been working with in www.BPOVIA.com in China. The founder, James, is a great guy and was very prompt and professional with his communications with me. I’m still trying to get a feel for what I want done and how much time my projects will take, but I had a very important project that I’ve been putting off for years. Basically my grandfather wrote a book that was typed. About 150 copies were made back in the 1980’s and no soft copy exists. My task was to convert the hard copy to a soft copy.
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BPOVIA News, BPOVIA Review, China Outsourcing, China Virtual Assistant, Virtual Assistant BPO, BPOVIA, Brickwork India, China, getfriday, Outsourcing, review, Virtual Assistant

A report, released by MasterCard Worldwide on Tuesday, said that wealthy Chinese customers would like to choose big foreign brand such as Chanel. They made their choices by some major reasons, namely, quality and environment factors. Affluent consumers in Shanghai pay more attention to brand names compared with rich customers in Beijing.

The rich consumers favor the foreign brands than the domestic ones, with 36.3 percent of respondents prefer foreign brands, while only 19.8 percent of respondents said they would choose the domestic brands.

Among the factors, 92.2 percent respondents think that the quality is the first factor they will consider, 68.3 percent think that the brand is the most important thing, 58 percent favor fashionable design and 48 percent will choose the environmental products.

The economic advisor of Asia-pacific of MasterCard Worldwide, Dr Wong said that Rich Chinese are prefer to noted foreign brands is not simply because of the demand for status, but they really consider the quality, design and environmental factors.

1,800 rich Chinese, whose annual income exceeds 16,000 USD, are studied. The result shows us the top brands in affluent customers in key consuming categories, for example, automobiles, fashion, etc.

In automobile, the 10 brands on top are all foreign ones; BMW, Volkswagen, and Mercedes Benz are the top three.

In fashion, Chanel and Giorgio Armani are the two leading ones.

About the electronics brand, Sony is on the first site of cameras, Nokia for mobile phones and Haier for household appliances.

Hong Kong brand Chow Tai Fook is at the first place for jewelry, while in watches, fashion, sportswear and sports footwear, the foreign ones have the advantage.

Among the wine, French wine is the most preferred, while Chinese brand is in the third place followed by Spanish, Australian and German wines.

Air China ranks the first both in domestic and international travel. The Singapore Airlines are the most preferred in international airline. The Chinese liquor brands, WuLiangYe, and MouTai come the first two.

About half of the respondents see Hong Kong as the paradise for shopping. The following ones are mainland cities, Europe and Southeast Asia.

Popularity: 10%

China Business, China Business News

China Government gives more favorable policies to Outsourcing Industry

China government is to carry on a series of incentives to boost the nation’s services outsourcing industry, such as tax rebates and credit support. In order to launch more favorable policies for the services outsourcing industry, the commerce ministry will work with related government departments such as the Ministry of Finance and the State Administration of Taxation. It is believed that government support is very essential for China to promote the sector’s growth and develop itself into a top outsourcing destination.
Already a manufacturing powerhouse, China has boosting its services outsourcing sector diligently over resent years in order to move up the value chain and boost innovation in the IT sector. In 2006, its offshore outsourcing revenue grew more than 40 percent to $1.4 million, but that still accounts for just 2 percent of the global market.

The China government will encourage multinational companies to set up services outsourcing operations in the nation and they are also welcome to set up joint ventures with Chinese outsourcing companies. The government will first promote some key regions like the Shanghai, Nanjing and Hangzhou Yangzi Delta area and Pearl River deltas. In addition, local governments will be encouraged to support major outsourcing companies in those regions.

Last year, The Ministry of Commerce launched a pilot project to develop 11 bases, including Beijing, shanghai, Dalian, Nanjing and Suzhou for services outsourcing across the country. All these are meant to attract 100 multinational corporations to transfer part of their outsourcing business and create 1,000 large-scale international services outsourcing companies. In recent years, outsourcing companies from all over the world have been expanding aggressively in China in order to take advantage of its low cost talent pool and take a slice of booming IT service market. One of the largest IT companies HP currently has some 2,700 engineers in China. Tata Consultancy Services which is one of India’s most powerful IT outfits established a new outsourcing joint venture in Beijing with Microsoft and three Chinese partners in February and it hope that its headcount in China can increase tenfold to 5,000 by 2010. Thus, it can become one of the largest players in the country.

Popularity: 3%

BPO, China Business, China Business News

China Top 10 Merger and Acquisition M&A bids in 2007

In 2007, China merger and acquisition activities with buyout deals which made a stir were most concerned and witnessed by many people. They often altered the competitive landscape in a number of industries.

China’s top 10 M&A bids in 2007 have been announced by China merger and acquisition association. The association also invited financial experts to select the 10 most influential M&A bids from a list of 30. The top 10 bids were so close that they became the spotlight of the media in the past ten years. The nation’s financial sector played a major role of making China M&A bids headline in order to against the backdrop of US sub prime mortgage crisis. In the list, it showed up with 5 bids in this sector to defy the global credit crunch.

China investment Corp which is the country’s new State investment agency plowed $3 billion into private equity which underscored China’s increasing boldness in overseas investment and diversified its rising forex reserves.

Soon after, by buying into British Barclays Bank, China development became the heart of a biding war. It just liked Barclays took on a consortium of European banks led by Royal Bank Scotland Group PLC to acquire Dutch banking giant ABN Amro Holding HV. After these two milestone cross-border M&As, the industrial and commercial bank of china found there was a great opportunity in South Africa then invest $5.5 billion into that country’s largest commercial bank, Standard Bank, for a 20% stake, the biggest foreign acquisition by Chinese bank to date. Chinese insurer Ping An group sought 4.18% stake for 1.81 billion euros in Fortis, a Belgian financial service provider running banking and insurance business, becoming its biggest single shareholder.

Very important State-owned enterprises also showed their keen interest in the markets of developing countries. China Mobile communications bought 88.6% of Paktel which is the fifth largest carrier in Pakistan from Luxembourg based Millicom International Cellular. The deal was valued at $460 million.

State Grid Corp of China, which was a consortium led by China’s biggest State power company ,won a $3.59 billion bid because it had a 25 year contract to manage the Philippines’ electricity grid by narrowly beating the one led by food and drinks maker San Miguel. It would well be the largest deal in Philippines’ history.

Foreign company also rushed to purchase stakes in their Chinese counterparts as a stepping-stone to expand in the world’s fastest growing market. Arcelor Mittal, who was the world’s largest steelmaker, bought 28% stakes in China oriental Group for $647 million.

But some foreign companies’ acquisition bids did not go smoothly. While Singapore Airlines Temasek were still struggling to obtain a stake in China Eastern Airlines, French food and beverage maker group Danone SA’s bid meant to control its joint venture with Wahaha and this resulted in a bitter war of words.

Popularity: 3%

China Business, China Business News China Business

BPOVIA Ltd. acquire T.RADESHOW.com, most comprehensive, up-to-date China trade show and Exhibition Directory

BPOVIA Ltd. is happy to announce acquisition of T.RADESHOW.com which provides most comprehensive, up-to-date China trade show and Exhibition Directory online. This China trade show portal website is scheduled to online by February, 2008.

BPOVIA is the pioneer Virtual Assistant and office outsourcing service provider operating in China. BPOVIA’s primary business objective is to provide Virtual Assistant and BPO services to clients in the US.

BPOVIA also provides China Sourcing Consulting, China Marketing Development and China Trade Show service to our clients from US and Europe.

Popularity: 8%

BPO, China Business, China Business News China trade show, Exhibition Directory, T.RADESHOW.com

China and India: Most Popular Outsourcing Locales
Asian outfits are sending most of their farmed-out work to the two most populous countries. Singapore is also getting lots of contracts

by Lynn Tan

The world’s two most populous countries–China and India–were named the most popular outsourcing destinations by companies in Asia, according to a recent study KPMG.

(BusinessWeek) — The world’s two most populous countries–China and India–were named the most popular outsourcing destinations by companies in Asia, according to a recent study KPMG.

Results of the report, titled Asian outsourcing: the next wave, were released last week and revealed that India and China emerged as the top two most popular destinations by many companies in the region which outsource their business processes. India earned top ranking at 55 percent, followed by China at 36 percent.

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BPO, China Business

You may have heard about BPO (business process outsourcing) or KPO (knowledge process outsourcing), but currently the hottest new word is PPO.

This PPO is not Preferred Provider Organization in health care systems. According to James Huang, CEO of www.bpovia.com, PPO means Person-to-Person Outsourcing. James Huang, who is the founder of www.bpovia.com, which is one of the first and largest person-to-person outsourcing service providers in China targeting English speaking outsourcing market, says the Person-to-Person Outsourcing will have big impact to a lot of individual’s everyday life and may change the way some small small or medium sized business operate.

Small offices, home businesses and even individuals are utilizing Person-to-Person Outsourcing services everyday through various means such as data entry, online tutoring and web design. Even invitation cards for weddings and other parties, personal assistant secretarial services like scheduling appointments and maintaining calendars are now being outsourced.

For the past few years, thousands of companies, outsource their business needs - and saved themselves valuable time and money. Now individuals can benefit from the outsourcing trend.

According to James, because the number of potential Person-to-Person Outsourcing end consumers and small businesses is enormous, the total PPO market in the US alone can easily exceed $10 billion.

Recommend books about this topic:

• The World Is Flat: A Brief History of the Twenty-first Century by Thomas L. Friedman

The Pulitzer Prize-winning New York Times columnist and best-selling author gives a bold, timely, and surprising picture of the state of globalization in the twenty-first century. This is the new updated version will be released on July 24, 2007. I can’t wait to read this book.

• Techonomics: The Theory of Industrial Evolution (Industrial Innovation) by H. Lee Martin

• Business Process Outsourcing: Process, Strategies, and Contracts by John K. Halvey and Barbara Murphy Melby

• The Black Book of Outsourcing: How to Manage the Changes, Challenges, and Opportunities by Douglas Brown and Scott Wilson

• The Manager’s Step-by-Step Guide to Outsourcing by Linda Dominguez

Popularity: 3%

BPO, China Business News PPO

(CNN) — The Internet has revolutionized many business sectors and has single-handedly created one — virtual assistance.

By Nick Easen for CNN

Over the last decade, thousands have swapped corporate jobs to provide services for new bosses who they may never actually meet.

(CNN) — The Internet has revolutionized many business sectors and has single-handedly created one — virtual assistance.

Over the last decade, thousands have swapped corporate jobs to provide services for new bosses who they may never actually meet.

These home-based workers help out with anything from bookkeeping, Web design or travel arrangements via phone, e-mail or fax.

And the industry is now so big that there are trade groups and Web sites that assist virtual assistants (V.A.s) — and try to attract potential clients.

“The growth is fastest in the U.S. There is also a substantial base in Australia, Canada and the UK,” Bronwyn Robertson a virtual assistant for British arts companies, told CNN.

“Many employees who suffered from downsizing discovered they could offer their skills on a self-employed basis.”

Even though the concept has been around for a while, according to some virtual assistants, many bosses are only just beginning to realize administrative support can easily be done virtually.

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Popularity: 8%

China Business News