New initiative by ACE Beijing Chapter to support China-bound entrepreneurs
July 6, 2012 by Stephanie SUTANTO
After its launch on 15th June 2012, Singapore’s Action Community for Entrepreneurship Overseas Chapter in Beijing (ACE Beijing Chapter) is wasting no effort to support China-bound entrepreneurs.
It recently announced its collaboration with Houde Capital Co Ltd (HDC), a member company under Tsinghua University, and Coway International TechTrans Co Ltd (Coway), its technology partner, to provide China-bound Singapore entrepreneurs greater access to opportunities in Beijing and China.
James Tan, the Chairman of ACE Beijing Chapter, signed Letters of Intent on 4th July with the Managing Director of HDC, Du Peng, and the Director President of Coway, Dr Tan Hongxin. Singapore’s Minister for Education Mr Heng Swee Keat was also present at the occasion as a Guest-of-Honour.
Alongside him was Singapore Minister of State for Trade and Industry and ACE Chairman, Teo Ser Luck. The signing ceremony was attended by representatives from ACE, Tsinghua University, HDC and Coway, as well as the China and Singapore business communities.
Recognizing that China is a fast-growing market, ACE Beijing hopes such a collaboration will enable entrepreneurs to gain a competitive edge in overseas markets and further their venture initiatives.
“China is a fast-growing market and there are many opportunities for collaborations. However, the business practices and environment are different from Singapore. Hence, the best way to help entrepreneurs get a foothold in an overseas market is by leveraging resources and connections already on the ground, and this collaboration facilitates that.”
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About The Author
Stephanie SUTANTO - Resident Contributing Writer
Stephanie is currently pursuing her undergraduate studies in the University of California, Los Angeles. She hopes to learn more about startups both in Los Angeles and in Southeast Asia, possibly starting one of her own in future. And yes, she prefers sashimi to chocolates and flowers any day. You can find her on LinkedIn and Twitter.Read other posts by Stephanie SUTANTO