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Helping Students to Achieve the Best of Their Business Tianjin InterMediaChina InterMediaChinaInterMediaChina wwwww.businesstianjin.comw.businesstianjin.comwww.businesstianjin.com October 2017 2017 OCT Follow us on Wechat! www.businesstianjin.com Helping Students to 14 Achieve the Best of their Abilities An Early Years Bilingual Programme for the Leaders of Tomorrow Julian Jeffrey, Master of Wellington College International Tianjin 12 Why WeChat Failed To Make A Global Impact 20 Nothing Ventured, William Bao Bean 24 Cryptocurrencies of the future 37 How to evaluate a company 46 Future of Performance Management Dear Readers, Business Tianjin Education of children is the first thing that foreign families are looking October 2017 for when they decide to relocate out of their home country. Tianjin is well sourced with International Schools and Wellington College International Tianjin is one of the most prestigious institutions. Julian Jeffrey has been appointed recently as the new Master, and we sat down with him to discuss the ever-changing landscape of education and to talk about some of the unique features Wellington is offering in town. Wellington provides high quality education that makes Tianjin rank at the top of the list when parents are looking for international education in China. In this issue our editor spoke to William Bao Bean to discuss the trends, demands and pleasures of the start-up scene. He is one of the best known ex-pat venture capitalists and start-up mentors in China. William gained a strong reputation as a research analyst before he moved into venture capital. Born in the US and of Chinese and Scottish ancestry, he is the General Partner at SOSV with its Chinaccelerator and MOX start-up accelerators and is deeply knowledgeable about the intricacies and hazards typical of Chinese business. Lionel Messi has participated in advertising campaigns to promote www.businesstianjin.com WeChat internationally, but Tencent was unable to reach minimum acceptable quota of the messaging apps global cake. Wechat has occupied every touch point of an average Chinese person’s mundane life, but there are factors that are holding back WeChat’s overseas expansion plans. We dig a little deeper in order to get some insights on market-specific reasons that are disrupting the international success of Chinese brands like WeChat. The surge of Bitcoin in price since the beginning of 2017 made headlines and attracted masses of people who decided to join the cryptocurrency hysteria. Invented in 2009 as the first currency not backed by any government and central bank, it is valued exclusively by the forces of supply and demand. We introduce you through ‘In Depth’ this month to a few cryptocurrencies that might be the next Bitcoin: Bitcoin Cash, Ethereum, Ripple and ZCash. We publish again in this issue a great variety of interesting articles such the future of performance management under the HR column, and a tech piece with suggestions to fly through the sky when you get stuck in traffic. Visit our website www.businesstianjin.com and follow us in our official Wechat account (ID: business_tianjin) for getting a complete list of articles and information. Mary Smith Managing Editor | Business Tianjin Magazine [email protected] 为自己的孩子选择一所教学质量过硬的学校，是每一个来到天津生活的家 ADVERTISING AGENCY 庭要考虑的头等大事。天津惠灵顿国际学校是天津最负盛名的国际学校之一； InterMediaChina 在本期期刊中，您将与我们一同走近新任校长Julian Jeffrey，了解天津惠灵 [email protected] 顿国际学校所提供的优质教育。在新兴应用市场方面，微信已经占据了中国人 日常生活的大部分时间，但是在进行海外推广的活动中，微信显然遭遇了不小 PUBLISHING DATE 的阻碍，本期我们将深入了解微信为何无法在国际市场顺利打开局面取得像国 October 2017 内市场一样的成功。近日比特币也成为新闻头条内容，由于2017年初以来比 特币涨幅激增，它成为了很多人投资的热点。但其实还有很多其他加密货币也 Business Tianjin is FREE For Members ONLY 值得我们关注，不妨跟着编辑一起了解Bitcoin Cash, Ethereum, Ripple 和 ZCash。此外，我们将为您介绍可以代替小汽车成为新一代交通工具的新型无 ISSN 2076-3735 人机等等。更多精彩，请访问我们的网站www.businesstianjin.com或关注我 们的微信公众号：business_tianjin。 Biz Briefs Business Tianjin / October 2017 Tianjin News New Trains Enter In Service on FINANCE Beijing - Tianjin High-Speed Line 05 BIZ BRIEFS Mr. Yang Wei Jun Appointed China’s Robot Revolution Will ◄ Helping Students to Achieve Chinese Executive Chef at Affect the Global Economy 09 NUMBERS the Best of their Abilities Sheraton Tianjin Binhai Julian Jeffrey, Master of 10 ECONOMY Wellington College Economy Continues To Be Cool International Tianjin 12 FEATURE STORY Tianjin is well sourced with International Why WeChat Failed To Make A Global Impact Schools and Wellington College 14 COVER STORY International Tianjin is one of the most Helping Students to Achieve prestigious institutions. Julian Jeffrey has The new CR400AF Fuxing high-speed China is installing more robots than over 20 years experience in the education the Best of their Abilities trains entered passenger service on the st any other nation and that may affect sector and has been appointed recently Beijing - Tianjin route on August 21 . 20 DIALOGUE every other nation. Shipments jumped as the new master. A sublime educator These eight-car trains will initially Nothing Ventured: William Bao Bean 27% to about 90,000 units last year, a with a distinctive approach, Julian Jeffrey operate 39 services per day between emphasizes Wellington College’s role in single-country record and almost a third 24 IN DEPTH Beijing and Tianjin and six services per Tianjin as a bastion of academic excellence of the global total, and will nearly double Cryptocurrencies of the future day between Beijing and Xingtai in Hebei with an acute ability to connect with the to 160,000 in 2019, the International What is the Next Bitcoin? Chef Yang arrives at Sheraton Tianjin province. The 400km/h trains were built community, families and of course students. Federation of Robotics estimates. This Binhai with an unmatched wealth of by CRRC Sifang and are based on the 28 INVESTMENT blazing pace hasn’t dented Chinese Cantonese cuisine experience spanning company’s China Standard EMU design. See Page 14 Chinese Stocks Finally Look to Rebound more than 23 years gained across many wages - yet - but it might influence the global economy. Automation may 30 BUSINESS NEWS five-star hotels, high end restaurants and Yingkoudao Subway Station drive productivity gains and export catering for many celebrated banquet Re-Opens ◄ Nothing Ventured 31 REAL ESTATE events. As a Guangdong born chef, Chef competitiveness, but the rising use Interview with William New trend: Co-living space enters Tianjin Yang is a veteran of both traditional of robots also threatens to exacerbate Bao Bean 34 IPR Cantonese and fusion cuisines. His domestic income inequality, undermining Copyright Protection passion, originality and creativity drive consumption. And that could spill out William Bao Bean is one of the best known What You Need To Know his enthusiasm to produce unique culinary beyond the country’s borders, economists ex-pat venture capitalists and start-up creations exuding perfection on every said. mentors in China. Born in the US and of 37 MANAGEMENT plate. Chinese and Scottish ancestry (hence How to Evaluate a Public China Top 500 Private Enterprises the surname “Bean”), he swiftly gained a Company You Care To Acquire strong reputation as a research analyst Chinese National Games in Ranking Released then moved into venture capital. Currently 40 LEGAL ASSISTANCE Tianjin operating as the General Partner at SOSV Announcement On Special Tax with its Chinaccelerator and MOX start-up Investigations, Adjustments and Mutual Construction of Yingkoudao metro station accelerators, he is deeply knowledgeable Agreement Procedures (PART 3) is already complete and it has been about the intricacies and hazards typical of re-opened for public. The new station Chinese business. Business Tianjin spoke 43 TAX & FINANCE will be convenient for the passages: 1. to him to discuss the trends, demands and What Aspects Of Business Environment For Transfer from line 3 to line 1 and line 1 pleasures of the start-up scene. Foreign Investment In China Are Improved? to line 3 are back to normal, 2. Subway See Page 20 46 HR line 3 stops at Yingkoudao normally, and, Future of Performance Management 3. Entrances B1and B3 are reopen for th normal use. 48 TECH The 13 Chinese National Games were th The top six companies in the latest annual Fly through the Sky When officially kicked off on August 27 in Wujiayao Metro Station Exit B ranking of China’s 500 highest-earning You Get Stuck in Traffic Tianjin, with overseas Chinese athletes Closed For Renovation allowed to participate in the games for private firms each made revenue of more 50 ARCHITECTURE the first time. A total of 8,838 athletes than 300 billion Yuan last year. Telecom Metal Finishes will compete in these games during the giant Huawei once again comes out on 13-day event, which involves 33 major top in the report by the China Federation 52 MARKETING competition events and 417 smaller of Industry and Commerce. The Top 500 A Comparison of Top 5 Best events. The medal tally ranking of the Chinese Private Enterprises ranked by Marketing Tools provincial teams has been abolished and 2016 revenue made a total revenue of ◄ 55 PAST EVENTS another reform introduced this year is more than 19 trillion Yuan and a total Metal finishes 56 CHAMBER REPORTS to allow overseas Chinese athletes to profit of 835.5 billion Yuan, noting 16 of them ranked in a global top 500. This compete in the games in a bid to attract Exit B of Wujiayao Metro Station, Line Modern architecture has been significantly influenced by development of metal solutions, 58 LISTINGS year, the ranking features more companies overseas talents. 3, has closed for renovation and it is both structurally and as finishes. In this article we will go through a series of contemporary 63 TRANSPORTATION from the service industry and fewer from interpretations of metal finishes, which are some of the most popular and technologically expected to be completed in the beginning the manufacturing sector. advanced methods available nowadays. 64 BOOK REVIEW of October. Passengers can choose other 3 65 LAST WORD exits: A1 (near Decai Li), A2 (near Xinhe See Page 50 Li) and D (near Qixiangtai Lu).
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