CGL Consulting Co., Ltd’s Post

In the early stages of overseas expansion, Chinese enterprises should focus on assembling an “A-team” of top talent, as "A" players naturally attract other "A" players. The demand for overseas talent then evolves through four stages of international expansion: 1) Product Launch Stage: This stage is about building around the best business or technical sales talent who possess a deep understanding of the product. 2) Capability Landing Stage: This stage involves the transition from an individual- to a team- or organization-driven approach. A thorough understanding of local tax laws, company operations, and other policies and regulations is essential. The personnel requirements at this stage are high. 3) Brand-Building Phase: This stage requires a team with cross-cultural experience to support localization capabilities. 4) Ecosystem Stage: This stage involves achieving full business localization through a global talent team and extending it to the surrounding and even larger overseas markets. Click on the link in the comments section to read the full article, where we explore how successful #Chinese companies are pioneering new strategies on the global stage. As Chinese enterprises accelerate their overseas expansion, CGL has broadened its talent services to key markets including the Americas, Europe, and Southeast Asia. To better serve our clients, we have established a virtual overseas team of over 40 professionals with extensive industry experience and cross-cultural expertise, dedicated to delivering tailored and professional services. In the first half of 2023-2024, CGL successfully facilitated the hiring of key positions for numerous Chinese enterprises abroad, connecting them with top global talent. CGL Group is a comprehensive talent asset management firm specializing in high-end executive search, organizational management consulting, investment and financing services, and expert networks. Follow CGL Consulting Co., Ltd. for more #insights on how to continue #creatinggreatervalue in 2024 and keep abreast of #China's exciting #talentmarket! #strongertogether

Chinese #Internet and #tech companies were at one point heavily invested in enticing Chinese talent to return to China to drive their R&D centers in the country. However, the stability of assets and the global pandemic's impact have slowed the influx of global Chinese talent returning to China. In response, these companies have taken a proactive approach by expanding their #businesses #overseas, tapping into the vast pool of #globaltalent resources. How are Chinese Internet and tech companies doing overseas in terms of attracting top talent? Which companies are setting the #bestpractices and what are they doing right? What are the #challenges?  Which #jobs and #roles will be most sought after by Chinese Internet and Tech companies in the next two to three years? What will drive #demand for these types of #talent? In a new series of features, CGL Director Hank Yang, who specializes in recruiting R&D talent, sheds light on these key questions that Chinese tech companies and talent face overseas. Stay tuned! CGL Consulting Co., Ltd. strategically expanded its talent services in 2023 to cover major economies across the #Americas, #Europe, and #SoutheastAsia. The company assembled a dedicated virtual overseas team of 40+ highly skilled professionals to better serve the new wave of Chinese enterprises expanding overseas. CGL's overseas search business recorded a year-on-year increase of 20% in 2023, serving 131 enterprises and placing 189 positions.  CGL Group is a comprehensive #talent asset management company that specializes in high-end #executivesearch, #organizationalmanagement #consulting, #investment and #financing services, and #expertneworks. Follow CGL Consulting Co., Ltd. for more #insights on how to continue #creatinggreatervalue in 2024 and keep abreast of #China's exciting #talentmarket! #strongertogether

China's new energy vehicle industry is in a prime position to drive significant overseas expansion in the coming years, says CGL Associate Director Wayne Chen, who specializes in recruiting top overseas talent in the #automotive, #newenergy, #manufacturing, and #consumerelectronics industries. The industry's maturity, coupled with its competitive edge in battery manufacturing and vehicle production, offer a cost-effective and technologically advanced alternative in the international market. As the world actively steps up its efforts to reduce carbon emissions, #newenergyvehicles are emerging as a primary choice for promoting #greentravel, setting the stage for China's domestic champions to gain traction #overseas. Data from the 2023 CGL Annual Report on Overseas Business show that #Germany, #Mexico, and #Thailand are the top three destinations for Chinese new energy vehicle companies. The #talentdemand is mainly for experienced professionals in the #sales, #marketing, and #channel side, as well as #logistics, localized #R&D, and local support functions such as #HR, #finance, #law, #IT, among others. However, Chinese companies must pay careful attention to adjusting their #recruitment strategy to attract top talent in these markets, said Chen. In particular, they should be prepared to brace for a potentially extended recruitment cycle, establish their overseas recruitment capacity, and prioritize employer branding. In 2023, CGL Consulting Co., Ltd. strategically expanded its talent services to cover major economies across the #Americas, #Europe, and #SoutheastAsia, assembling a dedicated virtual overseas team of 40+ highly skilled professionals to better serve the new wave of Chinese enterprises expanding overseas. CGL's overseas search business recorded a year-on-year increase of 20% in 2023, serving 131 enterprises and placing 189 positions.  CGL Group is a comprehensive #talent asset management company that specializes in high-end #executivesearch, #organizationalmanagement #consulting, #investment and #financing services, and #expertneworks. Watch this space for a brand-new series on the expansion of Chinese new energy vehicle companies overseas. Stay tuned and follow CGL Consulting Co., Ltd. for more #insights on how to continue #creatinggreatervalue in 2024 and keep abreast of #China's exciting #talentmarket! #strongertogether

Berlin Bulletin 🌟✈️  #Singapore opens the gate, #ASEAN awaits!  A New Dawn for International Relations: The recent visit of Singapore's Deputy Prime Minister Lawrence Wong to Germany has set the stage for a strategic partnership, heralding a promising era for collaborations between Germany and the ASEAN region. This isn't just another diplomatic engagement; it's a robust declaration of mutual commitment and a testament to the 2,300+ German firms already flourishing in Singapore. 🌐💼 Deepening Ties: The high-level discussions with President Steinmeier and Chancellor Scholz centered on reinforcing a rules-based global order and boosting cooperation across the green and digital landscapes, alongside enhancing cybersecurity measures. 🤝🌍💡 ASEAN: A Beacon of Growth Amidst Global Challenges: Despite the global economic challenges, ASEAN stands resilient with an expected GDP growth of 4.5% in 2024 according to HSBC. The region's allure lies in its thriving consumer market, technological advancements, and green initiatives, attracting German firms keen on building robust supply chains and tapping into a vast consumer base. 🚀🌿 A Young, Vibrant Consumer Market: With over 634 million people, ASEAN's young median age of 28.9 (as of 2015) coupled with rising incomes and an expanding middle class, positions it as the world's third-largest consumer market right behind China and India. This demographic dynamism presents unparalleled opportunities for businesses. 🌏📈 Singapore: The Heartbeat of ASEAN's Economic Pulse: Singapore's strategic location and excellent business environment make it the quintessential hub for German companies looking to penetrate the ASEAN market. The region's significant share in global exports (8%) and its status as China's prime trading partner and Western FDI magnet underscore ASEAN's economic vitality. 🌍💼 A Vision for Sustainable and Inclusive Growth: ASEAN is not just focusing on economic prowess; it's equally committed to sustainable development, addressing environmental concerns, income inequality, and skills enhancement to ensure a resilient future for all. 🌟🌱 An Invitation to Collaborate and Innovate: This era is ripe with opportunities. If you want to explore how these developments can benefit your enterprise, let's connect! Reach out to us at: 📧[email protected] The future isn't just bright; it's vibrant, dynamic, and inviting. The future is ASEAN, and Singapore is at its heart. 💼🌏✨ Picture courtesy of Singapore's Ministry of Communications and Information

After Swedish companies survey in China, I wanted to share what German companies think about doing business in China. Many points from the surveys are very similar. Both reports emphasises unfair competition with Chinese companies. Full report: https://lnkd.in/dNqvX2ps

"#China believes that power is the key to international affairs and that technology is itself power". The truth! #Chinesecompanies are using triple wages to #recruit #scientific and #technological talent around the world. Facing Western containment and repression in semiconductor and other technologies, 🇨🇳 is stepping up efforts to build its talent pool and achieve self-sufficiency in technology development. But now they are trying to recruit talent from 🇨🇳. Some companies are even offering engineers triple pay. Some Western #intelligenceagencies have once again "ignored 🇨🇳" on this issue, pushing the policy to adopt more regulation to try to protect the of intellectual property rights. #German company #ZeissSemiconductor Manufacturing Technology (#SMT) is the world's leading manufacturer of semiconductor components. Last fall, the technology giant reported some "disturbing news" as "headhunters from Chinese companies tried to steal from its employees." According to people familiar with the matter, employees with access to Zeiss's sensitive technology received emails, phone calls and messages from representatives of Chinese companies on the company's social platform "#LinkedIn." A Chinese company can receive up to three A's, which is double the current level. The incident quickly drew the attention of 🇩🇪 intelligence agencies, who feared it could provide a "backdoor" to 🇨🇳 companies. The investigation is still ongoing. This news is the latest sign of a key battle between 🇨🇳 and the #West for #technologicalhegemony. As it stands, the momentum of Western governments toward tightening restrictions on Chinese technology is likely to continue during #Trump's second presidential term. Many Chinese companies hope to promote their own development by attracting top engineers in fields such as advanced semiconductors and AI. The report points out that Chinese tech companies have focused on recruiting talent in various tech hubs, such as parts of #Europe, #SiliconValley in the #UnitedStates and #Taiwan. However, this has become a "thorn in the side" for US and European officials, who are considering whether to take further measures to "oversee" 🇨🇳's actions. Data from #LinkedIn and #Maimai, a Chinese workplace social platform, show that since 2021 🇨🇳 companies have hired dozens of engineers and other employees who used to work in optics for Western companies such as #ASML. There is also data showing that a Chinese engineer who left ASML about a decade ago later founded a rival company in 🇨🇳. A former ASML employee said that in the two years after he left the company in 2020, he received monthly messages from 🇨🇳 recruiters. Governments are now concerned about this, but it will not be possible to draw a "legal" line to curb it because it would mean elevating patents on high technology to "national security." So appropriate internal and external compliance measures must be taken. https://lnkd.in/ex6ykyQ8

About 78% of surveyed German companies expect growth to be consistent in China over the next five years, while 54% plan to increase investment in the country, according to the business confidence survey released by the German Chamber of Commerce in China. Join British host Alexander Long for a tour of the Beijing China-Germany Industrial Park, a site for Sino-German economic and tech cooperation, and home to over 100 German companies, including Fortune 500 firms as well as hidden champion companies. #InvestinChina #InvestinBeijing #IndustrialTrends

Looking to build resilience through diversity, companies have begun exiting China in favor of friendlier shores. Let's take a look at where companies are going and why. Citing Beijing's National Bureau of Statistics, Forbes states that foreign companies pulled $160 billion of earnings out of China during the 18 months through September 2023 (the most recent month for which data was available). So where else are these companies going and why? Learn more: https://ow.ly/hHGX50Sezl7 #reshoring #nearshoring #manufacturing #china

Expanding overseas is a key component of the #diversification strategies of many Chinese companies, particularly Chinese #tech firms. This strategy allows them to broaden their #customer base, access new resources and #technologies, and reduce their reliance on domestic demand. More importantly, expanding internationally puts them in a better position to foster #innovation through better #collaboration and become more globally #competitive. Given the accelerated pace of #overseasexpansion of Chinese enterprises, CGL's overseas search business recorded a year-on-year increase of 20% in 2023, serving 131 enterprises and placing 189 positions. In line with this, CGL Consulting Co., Ltd. strategically expanded its talent services in 2023 to cover major economies across the Americas, Europe, and Southeast Asia, assembling a dedicated virtual overseas team of 40+ highly skilled professionals. Chinese #Internet and #technology companies accounted for 47% of the total volume of CGL's overseas search business in 2023, which follows the trend of Chinese companies in these sectors expanding internationally. According to the 2023 CGL Annual Report on Overseas Business, the three most popular destinations for Internet companies when going overseas are the #UnitedStates, #Singapore, and #HongKong. CGL Group is a comprehensive #talent asset management company that specializes in high-end #executivesearch, #organizationalmanagement #consulting, #investment and #financing services, and #expert networks. Click on the link in the comments section to read the full article on key trends driving Chinese companies from these five industries to expand overseas (originally in Chinese and auto-translated to English). Stay tuned and follow CGL Consulting Co., Ltd. for more #insights on how to continue #creatinggreatervalue in 2024 and keep abreast of #China's exciting #talentmarket! #strongertogether