Welcome!

.NET Authors: Sandi Mappic, Ivan Antsipau, JP Morgenthal, Yeshim Deniz, Carmen Gonzalez

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
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money! Speaker Bio: Esmeralda Swartz, CMO of MetraTech, has spent 16 years as a marketing, product management, and busin...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: Samsung recognizes that true, accelerated innovation cannot be driven from one source, but requires a...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Robin Raymond, Chief Architect at Hookflash Inc., will walk through the shifting landscape of traditional telephone a...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic • Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it’s a mix of architectural style...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve a...
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
Connected devices are changing the way we go about our everyday life, from wearables to driverless cars, to smart grids and entire industries revolutionizing business opportunities through smart objects, capable of two-way communication. But what happens when objects are given an IP-address, and we rely on that connection, sometimes with our lives? How do we secure those vast data infrastructures and safe-keep the privacy of sensitive information? This session will outline how each and every connected device can uphold a core root of trust via a unique cryptographic signature – a “bir...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at Internet of @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, will discuss how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.

SUNNYVALE, Calif., Oct. 20, 2014 /PRNewswire/ -- Spansion Inc. (NYSE: CODE), a global leader in embedded systems, today added 96 new products to the Spansion® FM4 Family of flexible microcontrollers (MCUs). Based on the ARM® Cortex®-M4F core, the new MCUs boast a 200 MHz operating frequency and support a diverse set of on-chip peripherals for enhanced human machine interfaces (HMIs) and machine-to-machine (M2M) communications. The rich set of periphera...

SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
Predicted by Gartner to add $1.9 trillion to the global economy by 2020, the Internet of Everything (IoE) is based on the idea that devices, systems and services will connect in simple, transparent ways, enabling seamless interactions among devices across brands and sectors. As this vision unfolds, it is clear that no single company can accomplish the level of interoperability required to support the horizontal aspects of the IoE. The AllSeen Alliance, announced in December 2013, was formed with the goal to advance IoE adoption and innovation in the connected home, healthcare, education, aut...