China International Business

Check out the winners of the firstever China Business Awards

The most outstanding international firms and exceptional technology companies were recognised at the inaugural China International Business Awards and Technology Excellence Awards held virtually throughout the month of September.

The China Technology Excellence Awards honoured enterprises that have remarkably contributed to transforming industries through technology, whilst the China International Business Awards lauded global companies that have found a solid foothold in China.

The trophies were handed to the winning companies via digital presentations done by Hong Kong Business’ Managing Editor, Paul Howell. Winners were also interviewed virtually to share their thoughts on winning in the prestigious awards programme.

Nominees for the China International Business Awards were judged by Jens Ewert, MNC Affairs Lead Partner in China at Deloitte China; Ben Huang, National Head of International Business at Grant Thornton China; and Mark Gilbraith, China Consulting, Consumer, Health and Technology Industry Leader at PwC China.

China Technology Excellence Awards nominations were also judged by an elite panel of judges consisting of Steve Lo, Partner and Asia-Pacific Chief Innovation Officer at Ernst & Young; Frank Li, Technology Industry Leader at Deloitte China; and Wilson Chow, Global Technology, Media and Telecommunications Industry Leader at PwC.

The winners are as follows:

China International Business Awards 2020:

BI WORLDWIDE

Consulting

BIODERMA

Cosmetics

Cityneon Holdings

Entertainment Experience

Explorium (Shanghai) Trading Co., Ltd

Logistics

Johnson Controls

Food Manufacturing Solutions

Mazarine Asia Pacific

Luxury Retail

Tricor China

Business Services

China Technology Excellence Awards 2020:

Datasite

Fintech - Financial Services

Home Credit

Digital - Financial Services

J.D.Power Enterprise Management (Shanghai) Co., Ltd

Digital - Consulting

LinkedIn China

Online Services - Internet/New Media

Mictronics Company Limited

Infrastructure Technology - Building Services & Facilities

Cityneon Holdings

Tricor China

Datasite

Home Credit

LinkedIn’s Economic Graph—a digital representation of the global economy

It can understand complex dynamics of the global economy and help people connect to opportunities.

Yanping Wang, General Manager, Public Affairs, LinkedIn China

LinkedIn’s Economic Graph is a digital World Economic Forum (WEF), providing representation of the global economy. support in data and methodology for Through massive data generated several forward-looking reports. We also from 706 million members, 50 million collaborated with the World Bank to cocompanies, more than 11 million open jobs, develop an open data dashboard, which 90k educational institutions and 36k skills makes real-time insight into the labor listed, it is able to measure and understand market and skill development trend. complex dynamics of the global economy Since Economic Graph came to China in and help people connect to economic 2017, we have launched many insightful opportunity in new ways. reports, including Report on the Digital Economy and Talents in the Yangtze River Delta Region (YRD), Digital Economy and ECONOMIC GRAPH INSIGHTS HELP POLICY COMMUNITIES TO KEEP TRACK OF THE LATEST ECONOMIC Talent Development in the GuangdongHong Kong–Macao Greater Bay Area (GBA), Digital Transformation of Chinese Industries (DTI), Innovative Cities and City Clusters in the Digital Economy Era (CCI). The projects SITUATION were reported by many national-level mainstream media such as Xinhua News Agency, Global Times, and also international

Economic Graph has developed many media. mature methodologies, including hiring rate, Report on the Digital Economy and Talents skills, migration, gender gap, and regional in the Yangtze River Delta Region (YRD) research. The Skills Genome is a measure analysed the characteristics of talent as well of the unique set of skills, providing a as the rise of digital skills across the YRD framework to describe the entities such region. According to the findings, the YRD as occupations/titles, industries, fields of region is in the leading position of digital study, and regions. economy across China in terms of both scale

LinkedIn’s Economic Graph is also and growth rate, and it is playing a pivoting partnering with governments and role in China digital economy development. organisations to leverage these insights Workers with digital skills are coming to to enhance global access to talents the region at 1.35 times the rates they are and opportunities. Economic Graph has leaving it and ICT and manufacturing have maintained stable cooperation with the the highest degree of digitisation. Besides,

Shanghai attracts more junior-level talent and exports more senior-level talent, indicating it plays an important role in training and developing talent.

Report on the Digital Economy and Talent Development in the Guangdong-Hong KongMacao Greater Bay Area (GBA) sought the best model for talent concentration and flows by analysing the talent characteristics of the GBA and its core cities. Generally speaking, the GBA has an overall net inflow of talents, which shows greater appeal than Beijing and is on par with Shanghai. To be more specific, Guangzhou is the most balanced city. Shenzhen has the greatest talent advantage in ICT. Hong Kong’s advantage is finance, education and business services. Macao has a very high concentration of digital talents in tourism and vacation.

Digital Transformation of Chinese Industries (DTI) studies the degree of digitisation and regional characteristics of different sectors by analysing the industry and urban distribution, and urban mobility of digital talent. On this basis, the report analyses the flow of digital talent between different industries, especially between ICT and traditional industries, so as to gain insights into the potential for digitisation between different sectors.

Innovative Cities and City Clusters in the Digital Economy Era (CCI) analyses the representativeness of digital skills across 26 cities in 11 worldwide city clusters under the digital era, and the representativeness of skills is measured both by popularity and uniqueness. The report confirms that in overall, the proportion of digital talent in non-ICT industries is higher than that in ICT industries. In the 11 city clusters of this research, city clusters with digital talent in tech skills and disruptive tech skills include: Boston-Washington city cluster, SF Bay Area, UK-Ireland city cluster, Sydney Bay Area and Bangalore.

Economic Graph insights help many policy communities to keep track of the latest economic situation. LinkedIn believes that understanding of today is the first step in building a better tomorrow and Economic Graph empowers us to do so. Economic Graph will expand EG’s key partnerships with thought leaders in China.

Tricor Group expands mainland China footprint by leveraging investment opportunities

The group was commended at China International Business Awards 2020 for its ‘One Tricor’ initiative

(from left to right) Hailiang Zhang, CEO, Tricor Mainland China; Lennard Yong,

Group CEO, Tricor Group; Michael Gong, CEO, Tricor Richful

Since 2018, Tricor Group has embarked CEO, Tricor Group. on a dedicated growth strategy in Operating in some of the world’s most mainland China that focuses on driving vibrant markets, Tricor aims to remain agile growth and enhancing its capabilities. With and innovative in order to stay competitive more growth on the horizon, Tricor aims to and at the forefront of change—especially be the leading corporate solution provider in during the COVID-19 pandemic. mainland China, servicing both inbound and service offering portfolio to help unlock outbound investment activities. Leveraging economic development plans China has been consistently driving national

WE ARE COMMITTED economic development initiatives that

TO HELPING FOREIGN COMPANIES EXPAND INTO CHINA, AS WELL AS WORKING WITH CHINESE foster both FDI and ODI, namely the Belt and Road Initiative (BRI), Greater Bay Area (GBA), Free Trade Zone (FTZ) and CIIE. These projects are showing fruitful economic benefits and are greatly enhancing crossCOMPANIES AS THEY SCALE border trade cooperation. OPERATIONS ACROSS ASIA Tricor is always equipped with inAND BEYOND depth industry expertise, up-to-date understanding of local laws and regulations,

As a testament to its success, Tricor as well as a thriving network of global, recently earned the prize in the Business regional, and local relationships. These Services category of the China International capabilities help clients simplify operations Business Awards 2020, presented by Hong whilst ensuring efficiency and compliance. Kong Business magazine. Tricor in China has also been closely

“It’s a great honor for us to win the award. and associations to provide specialised As Asia’s leading business expansion assistance for global MNCs seeking entry specialist, we always believe in the value of into mainland China, as well as domestic a seamless solution to our customers and companies seeking to grow internationally we have continuously been enhancing our across Asia and beyond. cooperating with government authorities our customers’ value, especially in the Cross-border synergy is key to its vision current dynamic and uncertain business Even though Tricor is a global company, the environment,” said Lennard Yong, Group firm embraces a unified vision of nurturing

cross-border synergies and helping clients tap new opportunities for growth.

“China remains a top priority for Tricor Group. As regional economic development plans continue to advance, China will strengthen its role as a hub for global business development activities,” added Yong. “We are fully committed to helping foreign companies scale and expand into China, as well as working with Chinese companies as they look to set up, build and scale operations across Asia and beyond.”

Tricor’s recent strategic acquisitions of Richful Deyong and Alphalink underscore the firm’s focus on building cross-border synergies.

“Not only can Tricor China continue to provide high-quality services to foreign businesses entering the Chinese market, it can now also fully support Chinese businesses looking to expand their businesses in Asia and beyond,” said Hailiang Zhang, CEO of Tricor China.

Digital transformation Tricor embarked on a company-wide digital transformation strategy starting in 2019. In particular, the firm has been using Robotic Process Automation (RPA) to completely revolutionise back-end processes, enabling faster and more efficient outcomes.

Tricor also launched a new operating model for its shared service center, Tricor ace, to deploy more robotics, optimisation, and automation. Tricor ace now automates the back-end operations for Tricor clients across a range of functions, including payroll, invoice management, and HR processes.

As part of Tricor’s long-term digital strategy, the firm continues to explore how technology pillars can be integrated into its own internal processes and client service portfolio.

Tricor’s pioneering approach to scaling business growth in mainland China has relied on offering new capabilities that are innovative and unique. After outlining a strategic direction for growing its business across mainland China, Tricor now offers a comprehensive suite of differentiating solutions that is consistent with its vision for cross-border synergy. Tricor now has 47 offices across 21 countries.