HONG KONG, Aug. 7 /PRNewswire-Asia/ -- On August 3rd, International Business Director of Eastcompeace Mr. Daniel Hu sat for an interview by Fairtheworld.com, during which Mr. Daniel Hu revealed the company’s latest development - It set up a subsidiary in India at the end of July. The preparatory work is already finished and the subsidiary will be announced publicly before long. In addition, Mr. Daniel Hu told reporters that Eastcompeace is now engaging in initial preparations for entry into some emerging markets across the world.
Eastcompeace overseas business operation
Eastcompeace is gradually internationalizing itself, yet the process will be taken forward step by step. For example, the subsidiary in India move is a result of 5 years’ successful business relations. For subsidiary in Bangladesh, Eastcompeace attaches great importance to risk control, and sees market research as its priority; it won’t expand into a market until market assessment and strategy preparations are ready.
In addition, Eastcompeace are eyeing various emerging markets such as Africa. Such markets are very promising, thus Eastcompeace will push forward projects there in a prudent and gradual manner.
Seizing Chinese 3G market
When asked about how Eastcompeace views the 3G transformation wave in China’s telecommunication network, Mr. Daniel Hu told Fair 3D Media in an upbeat spirit that China 3G migration in mobile networks presents opportunities for all companies in the sector. China Mobile, China Unicom and China Telecom are respectively issued with a 3G license, but for 3 different 3G mobile networks.
This will instil vigor into the market and create sufficient demand for associated industries. Eastcompeace is also a beneficiary of this process in that the company is very willing to upgrade its technologies to meet the new demand. Mr. Daniel Hu also warned that, 3G migration is a gradual process; it won’t create a blowout of orders overnight for the industry. Therefore, Eastcompeace will watch the 3G progress with a rational mind, and guide its R&D and production according to the market.
Aiming at the future of mobile payment
Speaking of Eastcompeace’s business of mobile payment, Mr. Daniel Hu told Fair 3D Media that, mobile payment has been well-developed abroad, yet in China it is still in its infancy. Related recourses in China have yet to be mobilized and consolidated, although a few pilot programs are in place. It will be a huge market in the future. Several Mobil operators in other countries already commercially launched it. As for technology, Eastcompeace has no obstacles in this respect.
Obtaining access through international involvement, seeking cooperation via B2B
As for how Eastcompeace is cooperating internationally, Mr. Daniel Hu noted that, for a professional smartcard provider like Eastcompeace, active participation in international standard organizations, industry alliances and technology summits can be a very effective way to learn more about the market.
In addition, Eastcompeace is now making its products on more than two B2B websites to attract potential partners. B2B is a very good supporting vehicle on top of professional means for exploring market and seeking opportunities
After the interview, Fair 3D Media thanked Mr. Daniel Hu and will closely watch Eastcompeace’s latest pulse and report it to the international community accurately, with full speed. In addition, reporter Bob Li introduced Fairtheworld’s newly launched 3D-B2B platform - "Fair N Fair", the first of its kind in the world. This revolutionary e-commerce tool will help enterprises seize opportunities in a more and more interconnected, globalized marketplace. Mr. Daniel Hu was very interested; he appreciated Fairtheworld’s innovation and wanted to learn more.
For more information, please contact:
Dodona Song
Tel: +86-159-1626-1151
Email: news@fairtheworld.com
