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Chinese companies are working to introduce Beidou-related products in more overseas countries, after the navigation system has garnered about 100 million users and covered more than 200 countries and regions.
Chinese investment firm All-Stars Investment Ltd, which led the 5 million series B-1 round of funding in December, and existing investors, also participated in the latest fundraising. Moreover, a B-3 round of financing is expected to be completed soon.
Chinese companies were represented in all 18 sectors in the Honored Companies table, with lower representation in auto and auto parts, internet, and banking sectors while seeing an increase in basic materials, technology, hardware and property sectors to name a few.
Chinese e-commerce giant Alibaba Group Holding Ltd has joined hands with China Great Wall Asset Management Co Ltd, one of the country's four largest State-owned distressed asset managers, to expand its presence in non-performing asset auctions.
Chinese are hardworking, smart and brave, and they value education, but we also have many disadvantages. First, companies in emerging industries need to make extra efforts to earn trust. Second, many foreign companies have a stereotype of Chinese companies, which usually assumes we sell cheap and low-quality products. Third, cultural differences, including language barriers, and local management and legal issues can become a difficulty when going out to overseas markets, especially in North American and European countries.