Day: May 2, 2017

Still The Best Platform For E-Commerce in China

This put up is the initial put up of “WeChat Is Maturing”. During this article, we’re going to make clear how WeChat is maturing and obtaining tougher to amass people. On our second write-up, we’ll give a particular case in point of the foreign business employing other Chinese social network for growth hacking.
Born on January 21, 2011, WeChat now features 846 million monthly active customers and is particularly unquestionably the number 1 system to think about when getting into the China market place. Having said that, with slowing person development, it really is speedily turning out to be a purple ocean with corporations preventing more durable to catch the attention of prospects.

“WeChat accustomed to be a simple approach to get users. It’s now a lot harder to get buyers to observe a WeChat public account. They are overloaded with good information and spam advertising and marketing articles. WeChat is maturing,” claims William Bao Bean, handling director of Chinacelerator, an accelerator primarily based in Shanghai.

Aiming for “user acquisition price zero,” Chinaccelerator has experimented WeChat community account to be a advertising and marketing software for its contemporary born startups on Batch 10, leveraging substantial high quality articles, growth hacking, and conversion.
William was the initial 1 to inform TechNode the phenomena of startups leveraging WeChat to slash promoting charge past yr. Even so, a lot more recently, he states that placing all your marketing concentrate on WeChat might be dangerous.

Alternatively of solely relying on WeChat, each organization in Batch 10 firms made use of 10 to fifteen unique platforms, which includes Miaopai, Douban, and Zhihu to obtain people. Vogue e-commerce startup Fashory, from Chinaccelerator’s latest Batch ten employed twelve Chinese and global social networks, together with Baidu Tieba, Retain, Momo, Facebook, and Snapchat to catch the attention of buyers.

“WeChat is really a shut network, this means, you will need a great deal of pals to proficiently expose your business. Nevertheless, if you see other Chinese social networks, like Douban and Zhihu, it is open up system, and you simply may get instant publicity,” founder and CEO of Fashory Emmy Teo stated. Fashory created 250,000 RMB (36,000 USD) in revenue, with in excess of 500 transactions within the fourth 7 days of November.
But, despite having every one of the issues and obstacles, WeChat continues to be the best system for consumer engagement and monetization.
“One follower’s order amount can be as large as 4%. It’s pretty higher when compared to Fb whose every month conversion is shut to 0.03%,” William claims.
Fashory made use of the traction received on other social networks to generate targeted traffic to their WeChat keep and make product sales conversions there.
“When you use a website connection, persons are not likely to come again to your website. Nonetheless, WeChat is less complicated to keep prospects, since it will require time for people to unfollow an account,” Emmy says.

Actually, Chinaccelerator’s Batch ten startups have demonstrated better still traction compared to the preceding … Read More

How Singapore Has Cemented Itself within the Global Business Landscape

 

There is a long list of reasons why Singapore is a great place to start a business. For one thing, the world’s leading experts say so. It has the notable honour of having been voted ‘best country for doing business’ no fewer than seven times in a row. It is one of the busiest ports in the world. It is also a global leader when it comes to oil refining and distribution, electronic products, and financial services.

So, it is fair to say that Singapore has quite the presence on the world stage. Like a lot of Southeast Asia, the region is very welcoming to foreign investors and there are big tax advantages to be enjoyed. While it may be considered less economically mature than China, it is progressing at a rapid pace. Investments in new sectors like biomedical science, green technologies, and digital media are opening doors for entrepreneurs.

Keep reading for more on the benefits of launching in Singapore and why this corner of the world is on the verge of big things.

Flexible Leasing Options

One thing which you’ll hear about Singapore time and time again is that real estate costs are out of control. This is not an inaccurate claim. The region is so small that commercial space is in short supply. However, there are some clever ways to get around this.

Virtual offices, for example, offer ‘pay as you go’ access to fully equipped workspaces. There is no contract, no hidden fees, and you only pay for what you use. Visit www.servcorp.com.sg/en/ to take a look at the facilities located in central Singapore.

Business Friendly Taxes

The region has some of the lowest effective tax rates anywhere in the world. By utilising a single tier income system, Singapore chooses not to double tax its business stakeholders. In fact, taxes paid on chargeable income are the only thing paid, because all dividends allocated to stakeholders are off limits to the tax man.

If that weren’t appealing enough, corporate tax is capped at 17% per year, which is a much smaller rate than you’d pay in the US. Also, companies don’t pay any tax until they have a turnover of more than $30,000. There is a lengthy list of financial reasons to set up shop in Singapore, so do your own research if you’re considering a move.

Support for New Ventures

In 2013, the available venture capital in Singapore was roughly around $24 billion. So, it’s clear that the government has the cash to support new ventures. It also has a keen interest in doing so and this has placed it second only to China when it comes to the level of investment offered to start-up companies.

This is a great place to put down roots if you’re confident in your ideas and want a shot at taking them worldwide. Singapore and the other Southeast Asian territories are becoming proving grounds for new products. Goods can be produced cheaply and easily distributed throughout the rest … Read More