BEING the world’s most populous country, and ranking second in the world in terms of economic growth, China has proven time and time again to be an enticing market for business owners to venture into. With an economy valued at US$24.2 tril, companies and startups will definitely want to ride the wave as China continues its rise as a global superpower.
However, expansion to China might prove to be daunting to business owners who are new to the region. Many obstacles might present themselves before they are able to comfortably integrate themselves into the Chinese market. Some might experience language barriers whereas others may be unfamiliar with the policies and regulations of doing business in China.
To ease and accelerates foreign entrepreneurs’ and small and medium sized enterprises’ (SMEs) entry into China’s market, NeuXP – a comprehensive banking solutions provider – has signed memorandum of understanding (MOU) with Cloudbae, the sole provider of SMART CITY integrations across China to launch Biz@NeuXP.
This partnership serves not only as a stepping stone for the birth of Biz@NeuXP and to further ease SME and startups’ entry to the country but also allows business owners to utilize the features and benefits of the aforementioned SMART CITY applications.
Biz@NeuXP eliminates the need for a middle man by providing direct access to local digital services to manage their clients’ backend processes which include accounting, banking, bookkeeping, and legal advice among others, so that owners can fully focus on the frontend of the business. As a result, Biz@NeuXP allows business owners to save up to 70% of the operation costs incurred when compared to approaching service providers and vendors one by one.
“Foreign companies don’t usually have it easy as there are many long-winded steps to fulfill on top of engaging with service providers in the region, resulting in the unnecessary delay of the company’s entry to China,” stated founder and CEO of NeuXP Jeremy Mah.
Meanwhile, SMART CITY framework allows citizens to engage with facilities offered in the city such as commuting and waste management services. Currently, Cloudbae maintains both the iNanning and iGuangXi SMART CITY applications. Through this highly anticipated MoU signing, Biz@NeuXP’s services will be available for business owners who would like to have their services integrated into the SMART CITY network seamlessly.
Cloudbae’s services connect its users with 47 government departments, integrate information resources with government data, industry data, and business data, offering more than 100 services to its existing user base
Aside from accelerating growth beyond borders, Biz@NeuXP also offers direct access to advertisement platforms such as WeChat and Baidu to reach out and appeal to the Chinese demographic. Additionally, it connects businesses with potential investors, opening doors for investment and funding opportunities to further elevate companies to greater heights. – Jan 27, 2021
