Shadow Foundr has recently returned from an invitational trip to China, to showcase some of the companies we have raised funds for here in the UK.
There are four Tier 1 cities in China: Shanghai, Beijing, Shenzhen, and Guangzhou. However, Tier 2 cities are investing inordinate sums in housing, office space, science & tech parks and infrastructure in order to attract foreign business to set up in their city, not to mention also offering attractive grants.
The purpose of the trip was to highlight potential companies that might be interested in opening up operations in some of these Tier 2 cities.
There will be further opportunities for some of our business to embark on these all-expense paid business trips to China, to promote themselves, with specific aims to:
- Expand into China with a view of setting up an operation there and to receive support and funding to open a company or activity there;
- Meet and partner up with local companies that can help the Company to expand into China and promote their product or service;
- Find local companies and/or partners to produce, manufacture or licence (technology) in China.
The sponsors of the all-expenses paid trips can provide advice and information on:
- Tailored one-to-one consulting service, to help companies better understanding related industry information and regulations. (If necessary, provide direct communication channels to local governments and organisations).
- Opportunities to obtain government subsidised grants and corporate support to develop a Chinese subsidiary of the company, including zero cost local offices, £100k initial capital investment and industrial contacts.
- Possibilities to meet potential investors and/or attract investment.
The Tier 2 cities that Shadow Foundr visited (with aims to rival the Tier 1 cities) and where we presented an overview of various companies that we have promoted, were:
Fo Shan City (GuangDong Province) – Foshan, formerly Romanised as Fatshan, is a prefecture-level city in central Guangdong Province, China. The entire prefecture covers 3,848.49 km2 (1,485.91 sq mi) and has an urban population around 7.2 million (2012). It forms part of the western side of the Pearl River Delta Economic Zone, which includes Guangzhou to the east and northeast and Zhongshan to the southeast. Fo Shan is regarded as the home of the Cantonese versions of Chinese opera, kung-fu and lion dance.
Foshan has been well known for its ceramics since the Ming, although it was forced to shutter its production during the Cultural Revolution. Foshan had a ¥8.01 trillion gross domestic product in 2015, raising its per capita GDP past ¥10,000. Shunde District in particular, has a high standard of living, with its 3,000+ electronic appliance factories responsible for more than half of the world’s air conditioners and refrigerators. Foshan now has more than 30 towns specialising in specific industries, including furniture, machinery, and beverages. Fo Shan’s Hi-Tech Development Zone was founded in 1992. Its total planned area is 7.55 km2 (2.92 sq mi). The zone is very close to the national highway.
Zheng Zhou City (Henan Province) – Zhengzhou is the capital of Henan Province in the central part of the People’s Republic of China. It is one of the National Central Cities in China, the centre of the Central Plains area and serves as the political, economic, technological, and educational centre of the province, as well as a major transportation hub in China (highway, railway, aviation, communication). The Zhengzhou metropolitan area (including Zhengzhou and Kaifeng) is the core area of the Central Plains Economic Zone.
Zhengzhou, along with Xi’an, Chengdu, Chongqing and Wuhan, is one of the most important cities in inland China. It is the economic centre of the province and the surrounding areas such as south-eastern Shanxi and south-western Shandong. Due to its strategic location in one of the most populous areas in the world (nearly 100 million people in Henan alone) and in China’s railway, road and aviation transport networks, Zhengzhou is increasingly attracting domestic and international investment as well as migrants from other areas, transforming the city into one of the largest economic centres in China. In 2018, total GDP of Zhengzhou was ¥ 1020 billion, ranking it 17th in China.
Tai Cang City (Suzhou Province) – Taicang is a county-level city under the jurisdiction of Suzhou, Jiangsu province. The city located in the south of the Yangtze River estuary opposite Nantong, being bordered by Shanghai proper to the south, while the river also delineates much of its north-eastern boundary, along Chongming Island. Taicang City is under the jurisdiction of Suzhou City, Jiangsu province. It has a total area of 809.9 square kilometres, including 666 square kilometres of land area. Taicang administrates the Taicang Port Economic Development Zone (the port area and the new area), the New Science and Education Town, six townships, one sub-district, 3,239 villager teams under 76 villager committees, and 1,425 resident groups among 70 neighbourhood committees.
Taicang is located in the south-eastern part of Jiangsu province along the south bank of the Yangtze River Estuary. The city is adjacent to the Yangtze River in the east and faces Chongming Island across the river. It borders Baoshan and Jiading districts of Shanghai in the south, Kunshan city in the west and Changshu city in the north.
Shadow Foundr aims to introduce companies that it on-boards to its platform and provide them with the possibility to participate on these trips as part of their journey, to expand their company and seek out potential follow on funding. For more information, please contact email@example.com.