Are you ready to expand your business into the thriving Chinese market? Or maybe you are an entrepreneur ready to cash in on the world's largest and fastest-growing e-commerce market? There are plenty of opportunities in China’s 600 billion dollar industry for companies that act quickly!
Primasia Corporate Services is your e-commerce partner in China. We offer China e-commerce solutions which can help you find the most suitable online sales platforms for your business, assist with account set-up and management, as well as with logistics and after-sales management services. Those wanting to enter into the Chinese market successfully MUST do their research, everything from having the correct messaging service app on your smartphone, to cross-checking your business plans against the five-year plan of the Communist Party, to knowing what your target consumer likes are important steps to success. Otherwise, you may be setting yourself up for a quick exit. Studies show that the difficulties small and medium businesses frequently have with their Chinese partners are caused by lack of understanding of three main things-- the local laws, the consumer market, and social and cultural context.
When setting up your company in China, here are three things to keep in mind:
Geography
You need to know who you are targeting, where, and what dialect is best. Did you realize that 44% of China's population lives in rural areas? In addition the country has more than 60 different distinct dialects, meaning you NEED to select the correct language dialect in order to communicate with your target audience. When starting a business in China, you very well may want to hire a local expert who can explain the specific conditions and characteristics of the region you are looking to enter.
Digital technology
Online services are used actively by 600 million Chinese people, in comparison to 250 million in the US. Chinese online platforms sell Boeing airplanes, luxury goods, and just about everything. Email is rarely used by Chinese businessmen and women, WeChat is primarily used in its stead and is much more than a communication tool-- it is widely accepted as an ID. You can pay for goods, balance your accounting books, or order service with WeChat and the messages can be used as evidence in court. As your company enters the Chinese market be sure to have a good understanding of its unique digital infrastructure.
Knowledge of the basic requirements of setting up a business in China
This is helpful for those looking into starting a Wholly Foreign-Owned Enterprise in China. These businesses will need to submit the following:
- Articles of Incorporation for the investor entity
- Copies of applicable business licenses
- A certificate of good standing
- A description of the investor entity’s business activities, along with supporting documents
- A bank approval letter
These documents will also need to be provided in Chinese, meaning you will have to have them translated.
If you are interested in setting up business in Hong Kong or China, then Primasia Corporate Services is the one to consult. We are a leading professional provider of corporate services, with experts who have worked with thousands of overseas and local entrepreneurs, consultancies, manufacturers, trading firms and startups. We can get your ecommerce business up and running on online shopping platforms such as TMall, JD.com and Taobao in China, which can be difficult and time-consuming for international businesses to navigate. Contact Primasia today to get started.
Connect with Primasia Corporate Services Limited
Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
Website: https://www.primasia.hk/
Twitter: https://twitter.com/PrimasiaHK
Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.
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