Welcome!

Microsoft Cloud Authors: Andreas Grabner, Stackify Blog, Liz McMillan, David H Deans, Automic Blog

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
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 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 software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.