|By Marketwired .||
|November 7, 2012 11:00 PM EST||
MONCHENGLADBACH, GERMANY -- (Marketwire) -- 11/07/12 -- DS-Concept Factoring, Inc. (WWW.DS-CONCEPT.NET) has announced the official opening of its new Shanghai Rep office. DS-Concept is a twelve-year-old firm headquartered in Germany. DS-Concept is now financing transactions for small business and entrepreneurs as manufacturers, vendors, suppliers, distributors, and jobbers engaged in import/export.
Chris Chang, CEO/Managing Director of DS-Concept Factoring, Inc., (North America, New York City) for the last four years, has now been appointed in a dual capacity, put in charge of DS-Concept-Shanghai.
According to Mr Chang, an underlying weakness in many economies including financial "meltdowns" in nations like Greece, Spain, and Portugal have led to even more restrictive, tightened credit standards (post 2008) by banks and conventional lenders-especially when enterprises are engaged in global importing or exporting. "Banks, along with factors and asset-based lenders are very reluctant in this climate to entertain transactions where they must collect their funds from an overseas source." Mr Chang continued to say that "import/export trade credit has been an emerging financing trend for the past several years. It has become a stand alone commercial finance paradigm."
Mr Chang described: "I acknowledge that there may have been a recent slowdown in China. But overall, China is very capable of supporting more import/export trade at this juncture. The financial infrastructure in China is now being revamped to accommodate the global financial community. China is making its banking laws more compatible. Whereby China's big financial institutions have only been lending to mega-companies thus, ignoring the little enterprises; now, financial tools like import-export trade credit are being prioritized. DS-Concept has already established expertise, operations, and experience quotients. So it is ramped up to finance this expected new wave of China's import-export growth."
Mr Chang elaborated that: "China's economy may have suffered some dips. However, SME historically are responsible for the economic growth and job creations. Thus the financial service DS provides is integral for the Chinese and global economic recovery.
Mr Chang went onto describe that: "The nature of inventory management today is to minimize holding onto it, and keep it moving through the process. The longer a business owner holds onto inventory it becomes more expensive to finance. So all parties in the supply chain want to fulfil their role and move supply of goods, products, or merchandise forward including the end buyer which will then make use of it or sell it. Import/export trade credit finance is the most efficient and cost effective way of accomplishing this goal versus banks, factors, asset-based lenders, and purchase order financiers which are restricted to financing what is in their immediate 'box'."
Mr Chang explained that import/export trade credit financing is generally competitively priced when all costs and time involved gets taken into account, because conventional financing is often unavailable to the smaller enterprises by banks. He cited several examples of recent transactions:
-An exporter of fabric from China to Bangladesh where DS will fund at time of shipment and collect from Bangladeshi client
-An exporter of sports equipment from China to North America and Europe signs Trade Finance where DS will fund at time of shipment and collect from international buyers
-An exporter of HK commodities trader using DS to fund their purchase of commodities and sell to Fortune 500 Clients.
Mr Chang has announced the appointment of Helen Fan as Vice President of Operations for the DS-Shanghai office. Ms Fan has 20 years of broad work experience from various industries and functions in International Trade Operations, Trade Finance, HR, Administration, Business Development, Marketing & Sales, Logistic, Production and Total Quality Management. She has an in-depth understanding and experience in the factoring sector. Ms Fan majored in English and International Trade in Nanjing Normal University and Suzhou University. She was also awarded a registered Customhouse Declaration Certificate by Customs of China already in 1992. Moreover, she is a registered International Lead Assessor by British Standards Institute (BSI) in 1996.
DS-Concept is an international trade financing expert, which has set itself the objective of ensuring the liquidity to exporters. To meet that goal, DS-Concept assumes currency fluctuations and provides an optimised cash flow solution to its customers. With offices in ten countries across four continents, the DS-Concept Group (http://www.ds-concept.net/) maintains the network necessary to provide its services to its customers around the globe.
For further information, please contact:
DS-Concept Shanghai Representative Office
Room 565, 5/F, Standard Chartered Tower, No. 201 Century Avenue, Pudong New District, Shanghai 200120, China
Contact: Helen Fan
Phone: +86 21 6182 6888
Fax: +86 21 6182 6777
DS-Concept Factoring, Inc.
650 5th Avenue, New York, New York 10019, USA
Contact: John Stillwaggon
Tel.: +1 212 765 4339
Fax: +1 212 765 4346
DS-Concept Factoring GmbH
Flughafenstrasse 83, 41066 Mönchengladbach, Germany
Contact: Johan Geduhn
Phone: +49 2161 697790
Fax: +49 2161 6977979
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
Jul. 28, 2015 06:30 PM EDT Reads: 1,366
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Jul. 28, 2015 04:30 PM EDT Reads: 1,746
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Jul. 28, 2015 04:00 PM EDT Reads: 208
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Jul. 28, 2015 03:00 PM EDT Reads: 1,244
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
Jul. 28, 2015 02:00 PM EDT Reads: 1,155
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Jul. 28, 2015 11:45 AM EDT Reads: 402
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
Jul. 28, 2015 11:15 AM EDT Reads: 171
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
Jul. 28, 2015 11:00 AM EDT Reads: 2,024
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
Jul. 27, 2015 09:00 PM EDT Reads: 2,036
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Jul. 27, 2015 10:00 AM EDT Reads: 2,017
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Jul. 27, 2015 09:00 AM EDT Reads: 185
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
Jul. 27, 2015 08:00 AM EDT Reads: 1,890
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
Jul. 26, 2015 09:00 PM EDT Reads: 1,549
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
Jul. 26, 2015 08:00 AM EDT Reads: 2,134
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 25, 2015 02:00 PM EDT Reads: 377
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Jul. 25, 2015 01:00 PM EDT Reads: 1,934
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
Jul. 25, 2015 12:15 PM EDT Reads: 441
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 25, 2015 12:00 PM EDT Reads: 1,517
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Jul. 25, 2015 09:00 AM EDT Reads: 1,478
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
Jul. 24, 2015 11:00 PM EDT Reads: 2,042