Welcome!

Microsoft Cloud Authors: Pat Romanski, Jnan Dash, Andreas Grabner, Lori MacVittie, Jim Kaskade

News Feed Item

DS-Concept Opens Office in China

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.

About DS-Concept
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

[email protected]
http://www.ds-concept.net/

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
@ThingsExpo has been named the ‘Top WebRTC Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @ThingsExpo ranked as the number one ‘WebRTC Influencer' followed by @DevOpsSummit at 55th.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
"What is the next step in the evolution of IoT systems? The answer is data, information, which is a radical shift from assets, from things to input for decision making," stated Michael Minkevich, VP of Technology Services at Luxoft, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions with...
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, discussed the best practices that will ensure a successful smart city journey.
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.