Understanding the definition of SMEs in Taiwan is important because it helps to plan for the sales & marketing, and credit management tactics in the region. Would it be possible that more than 80% of the companies in Taiwan are SMEs?
Most people in Taiwan speak "Taiwanese". So which language is it's official one?
While we were preparing the book, there was a debate whether we should use “Taiwan companies” or “Taiwanese companies”. By searching the internet, both terms "Taiwan Companies" and "Taiwanese Companies" were commonly used. Which one was the right one?
Most credit management managers in multinational companies found that it is relatively difficult to do credit management in Greater China (Hong Kong, Taiwan, and China). The challenge is mainly due to the dissimilarity of legal system, the business culture gap, and the lack of statistical data. The Greater China market is too important to be ignored, isn’t it?
There is abundant perception about Chinese businesspeople not abiding by the contract. How true is it? Is there independent evidence to prove it?
If you speak the official national Chinese, Pŭtōnghuà, and travel around China, you will quickly realize that you often don't understand what the Chinese people around you speak. What happened?
Most multi-national corporations are stringent on compliance, yet few foreigners are aware that a signature on a Chinese contract has less enforcing power than a seal on it. Is this serious?
AIC should more correctly be referred as SAIC, the State Administration for Industry and Commerce (in Chinese: 国家工商行政管理总局). It is the authority in China responsible for advancing legislation concerning the administration of industry and commerce. What is SAIC responsible for?
In December 1999, Jack Ma and 17 other founders released their first online marketplace, named "Alibaba Online". It is the world's largest online Business-to-Business trading platform for small businesses. Founded in 2003 by Alibaba Group, Taobao, is China's largest consumer online shopping platform. Back in 2003, most people in China did not have credit cards nor debit cards for online payment. If Alibaba wanted to grow its online retail business, it had to find a way to get paid. Is this how Alipay was born?
In international markets, an invoice is sent to the customer and inform them to pay according to the agreed payment terms. It is then a voucher used to credit the revenue account and debit the receivable account in the general ledger.
When a businessperson comes to China, the meaning of invoice versus “Fapiao” (in Chinese: 发票, literally means invoice) normally generates some confusion. Knowing the difference is important because this is closely related to how you get paid by Chinese customers or handle payment to Chinese suppliers.
Alexander has over 25 years of experience in Business Information Management and Information Technology. Previously, he has held leadership positions in the world’s leading Business Information providers, including Managing Director of Thomson Reuters Asia, and General Manager of Dun & Bradstreet (D&B), Hong Kong and Taiwan. In addition, he personally managed Hong Kong's Commercial Credit Bureau while working with D&B, and the Consumer Credit Bureau through his directorship at TransUnion Limited.