New initiative by ACE Beijing Chapter to support China-bound entrepreneurs

Photo: ACE

After its launch on 15th June 2012, Singapore’s Action Community for Entrepreneurship Overseas Chapter in Beijing (ACE Beijing Chapter) is wasting no effort to support China-bound entrepreneurs.

It recently announced its collaboration with Houde Capital Co Ltd (HDC), a member company under Tsinghua University, and Coway International TechTrans Co Ltd (Coway), its technology partner, to provide China-bound Singapore entrepreneurs greater access to opportunities in Beijing and China. 

James Tan, the Chairman of ACE Beijing Chapter, signed Letters of Intent on 4th July with the Managing Director of HDC, Du Peng, and the Director President of Coway, Dr Tan Hongxin. Singapore’s Minister for Education Mr Heng Swee Keat was also present at the occasion as a Guest-of-Honour.

Alongside him was Singapore Minister of State for Trade and Industry and ACE Chairman, Teo Ser Luck. The signing ceremony was attended by representatives from ACE, Tsinghua University, HDC and Coway, as well as the China and Singapore business communities.

Recognizing that China is a fast-growing market, ACE Beijing hopes such a collaboration will enable entrepreneurs to gain a competitive edge in overseas markets and further their venture initiatives.

James explains:

“China is a fast-growing market and there are many opportunities for collaborations. However, the business practices and environment are different from Singapore. Hence, the best way to help entrepreneurs get a foothold in an  overseas market is by leveraging resources and connections already on the ground, and this collaboration facilitates that.”