China’s sales of IT outsourcing work are growing at roughly twice the rate of India’s. Consulting firm Analysis International says they jumped 45% in the fourth quarter of 2007, to about $600 million. Although much of that was for clients in Japan and other Asian countries, China is making a push to extend its reach. In 2006, the central government launched the “Thousand, Hundred, Ten” project, aimed at cultivating 1,000 Chinese outsourcing companies that would cater to 100 international clients. Beijing wants to situate them in at least 10 cities. Some are familiar locales — Shanghai, Beijing and Shenzhen. But success or failure may come down to smaller cities largely unknown abroad.
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BPO, China Business, India
In the BPO field, China is perhaps the biggest challenge in the future and the largest threat to India with the largest population and fastest economic growth. However, India is well placed in terms of parameters like cost savings, competency, technical infrastructure, language and skill pool to keep itself as competitive as before.
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BPO, China Business, India
To see part 1
Shanghai Financial Information Service Industrial Park
The founding of the Shanghai Financial Information Service Industrial Park is a decisive point in the national strategy in turning Shanghai into a global financial center, and is also one of the essential professional foundation in the Zhangjiang High-tech Park which , in the light Read more…
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BPO, centre, China, economy, finance, Shanghai, software
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.
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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.
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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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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.
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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.
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Beyond Outsourcing To Smartsourcing
Robert Malone
With outsourcing increasingly becoming a way of life in the global economy, the key question for many businesses is how a well managed outsourcing process can translate into business improvement across the board.
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Outsourcing, smartsourcing
