The Gartner China Outsourcing Summit 2008, which began the day before yesterday in the Shangri-la Hotel in Chengdu, capital of Sichuan province come to an end today.
Jointly held by the Ministry of Commerce and Gartner Inc, a leading provider of research and analysis on the global information technology industry, it is the Read more…
Popularity: 47%
China Business, China Business News, China Economy, China Outsourcing
Fujitsu China Forum 2008 will open in Beijing on November 20. It is an annual forum which covers an exhibition and a series of industrial symposia. It has provided an excellent platform for the Japan-based companies to showcase their leading-edge products and technologies.
“Green” and “safety” are the main theme of this year, so the forum will focus on eco-friendly and safety-enhanced technological solutions. As climate change becomes a common concern, Fujitsu has launched a project Read more…
Popularity: 95%
China Business, China Business News, China Consumer Market, China Economy, China Outsourcing
Due to the drop down of share price and investor confidence, initial public offerings (IPOs), with no companies going public on mainland last month, have disappeared off the radar.
There were only 30 domestic companies going public in the third quarter this year, down 60.5 percent year-on-year, and the total funds raised on the Shanghai and Shenzhen stock exchanges fell 86.5 percent year-on-year to $3.12 billion, based on Beijing-based investment research and consulting firm ChinaVenture. Read more…
Popularity: 18%
China Business, China Business News, China Economy, China Outsourcing
Because the global financial crisis may force more Western companies to outsource their business to China, One of the world’s largest IT outsourcing firms, US software outsourcing company CSC, announced on Oct 28th that it will launch another new centre in the country.
Michael Laphen, chairman and chief executive officer of CSC, said in order to go through the financial crisis, more companies have to outsource their business in pursuing of lower costs, thus creating more opportunities for outsourcing companies.
“Outsourcing will increase in difficult times as the financial crisis pushes companies to become more cost effective,” said Laphen. “We expect further robust growth from China.”
Popularity: 21%
Invitation for Bids
THE PEOPLE’S REPUBLIC OF CHINA
LIAO RIVER BASIN PROJECT (Loan No. 4617-CHA)
JPM/21.02B: Coal-Ash Sedimentation/Brick Making
(Bid No. 0701-0810ITC2C056)
1. This invitation for bids follows the general procurement notice for this project that appeared in Development Business, issue No. 546 of 16 November 2000, latest updated on March 31, 2006. Read more…
Popularity: 14%
According to the Ministry of Commerce, Chinese companies had contracts abroad to a value of 1.9 billion US dollars in the first eight month. Compared with the same period last year, it rises by 17 percent.
The statistics of ministry showed that, there were about 1,800 outsourcing companies in the country with 330.000 employees by the end of August.
Total contracts abroad for outsourced services in 2007 were 2.09 billion US dollars, which is more than 118 percent over 2005. Read more…
Popularity: 17%
China Business, China Business News, China Economy, China Outsourcing
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.
Read more…
Popularity: 36%
BPOVIA News, BPOVIA Review, China Outsourcing, China Virtual Assistant, Virtual Assistant
The Mid-Autumn Day falls on the 15th day of the 8th lunar month, usually in October. This Sunday we will have this Chinese traditional festival and one-day legal holiday in next Monday.
The festival has a long history. In ancient China, emperors followed the rite of offering sacrifices to the sun in spring and to the moon in autumn. Historical books of the Zhou Dynasty had had the word “Mid-Autumn”. Later aristocrats and literary figures helped expand the ceremony to common people. They enjoyed the full, bright moon on that day, worshipped it and expressed their thoughts and feelings under it. By the Tang Dynasty (618-907), the Mid-Autumn Festival had been fixed which became even grander in the Song Dynasty (960-1279). In the Ming (1368-1644) and Qing (1644-1911) dynasties, it grew to be a major festival of China.
Folklore about the origin of the festival go like this: In remote Read more…
Popularity: 14%
Ericsson may experience the lowest profit drop in three years. It is estimated by 15 analysts that, in the second quarter the net income of the world’s largest maker of wireless networks fell 56 percent to 2.82 billion kronor ($472 million).
On July 18 Ericsson spokesman said that the company’s handset venture with Sony, Sony Ericsson Mobile Communications Ltd, almost had a zero profit, due to a waning demand on phones. Net income fell to 6 million euros from 220 million euros a year earlier and sales dropped 9.4 percent to 2.82 billion euros, the venture said.
In February Ericsson said the demand of telecom networks in Italian and other areas would be “flattish” this year. Jan Dworsky, an analyst at Handelsbanken Capital Markets in Stockholm said that “the global network market will be flat going forward, with limited growth next year, and competitive pressures will weigh on profit margins this year and next.”
It is said the company aims to cut annual costs by 300 million euros. Facing the challenging situation, last year, Carl-Henric Svanberg, CEO of the telecom giant, cut revenue forecasts twice. And it is announced to cut 1,000 staffs in Sweden and probably 3,000 more abroad.
Popularity: 12%
As is known to all, that Indian takes the lead of outsourcing industry. However, according to a recent study, that India is confronting the threats from other countries in the regions. The disadvantage of India still exits. The poor basic infrastructure, rising wages of workers, the serious floating of domestic currency have trigger the investors’ alertness. Some of the shrewd enterprisers have evacuated from India market and find other more appropriate regions to invest.
For example, due to the contribution of the relatively stable politic circumstance and economy policy, China and other Southeast countries have become the ideal location for the investors. The establishment of outsourcing industry should be based on the low-cost labor force, excellent talents and the policy support from government. Owing to the benefits in such fields, it’s possible that China and other neighboring countries would overtake India in outsourcing industry in the near future.
When we analysis whether an industry has a bright future, firstly, we should focus on the niche opportunities of this industry. Although the crude oil and coal exploiting industry are the must parts for the world economy. Notwithstanding, the oil and coal will be used up in the future. Hence, we ought to pay more attention to the rising of sunrise industry, which will never be used up and friendly to ecology. The outsourcing industry, especially, KPO and PPO totally represents the trend of industry adjustment. In spite of the popularity of English, but we should not deny there still many barriers, which reduce the efficiency of inter-culture transactions and communications. With the help of KPO and PPO, the business would successfully avoid the obstacles on the languages and cultures.
The higher education makes a remarkable achievement these years. There are more and more experts and talents stepping in outsourcing industry. By providing professional and high quality service, we have the sufficient reasons to believe that Chinese outsourcing industry, especially KPO and PPO, will bring the world a miracle, which Chinese people can make it!
Popularity: 14%