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Turning Difficulties Into Opportunities a Woman with Outstanding Achievements

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Turning Difficulties Into Opportunities a Woman with Outstanding Achievements Business Tianjin Business Tianjin ECONOMY • FINANCE • MARKETING InterMediaChina www.businesstianjin.com 03/2021 March 2019 March 2021 INTERVIEW WITH BEOW YIN ONG CFO of OTIS Elevator China Company Limited 专访奥的斯电梯（中国） 有限公司首席财务官 王淼滢女士 www.businesstianjin.com www.businesstianjin.com 化困难为机遇 Follow us TURNING on Wechat! DIFFICULTIES INTO OPPORTUNITIES Letter from the Editor Dear Readers, On the 8th of March we celebrate Women’s Day, and to commemorate this special occasion, we recently had the privilege of chatting with Beow Yin Ong, a woman who has achieved great heights in her chosen career, and one who sets an outstanding example for women in the competitive corporate world. Beow Yin Ong is CFO of Otis Elevator China Company Limited (OCL), where she provides leadership in all financial functions. She has almost 20 years of finance experience in different areas, and plays a key role in OCL. Her opinion and confidence about the future are very important for the organization. As a woman with outstanding achievements in business, Beow Yin welcomes the fact that in China, women are given more opportunities than in the other countries in Asia. She advises women who aspire to rise in their organizations to learn from the great by finding one or two mentors. She encourages women to “Make your voice heard. Make your career goals clear. Don't be shy to be ambitious. Be appreciative of the opportunity”. During our conversation with Beow Yin, she said that it is important to turn the difficulties of 2020 into opportunities in 2021. Hence, her key focus in 2021 is to ensure that even though the market is not yet stable, her company’s business will Recent Past Editions continue growing. She gets pleasure out of those challenges that will take her to the edge, and appreciates the stress that ultimately pushes and develops her. “Do whatever you need to do, and stop comparing yourself to others. Be respectful; be responsible to yourself, to your company and to your employees.” The final advice Beow Yin offered is that one should never stop learning, and that “We have to believe in ourselves.” I hope you enjoy reading our conversation with Beow Yin, and her highly motivating message, which we dedicate especially to all women on Women’s Day. Visit our website www.businesstianjin.com and follow us on our official WeChat account (ID: business_tianjin) for a complete list of articles and information. Best Wishes, Mary Smith Managing Editor | Business Tianjin Magazine [email protected] ADVERTISING AGENCY InterMediaChina [email protected] PUBLISHING DATE March 2021 Business Tianjin is FREE For Members ONLY ISSN 2076-3735 www.BusinessTianjin.com Biz Briefs Contents MARCH allows the QR code on the respective after inoculation, the company said in Tianjin News apps in Beijing and Tianjin to be a statement released on Wednesday. The data is based on interim results 07 BIZ BRIEFS TIANJIN AMONG NEW BATCH OF accepted for payments in the subway INNOVATION AREAS system of both cities. from Phase-3 clinical trials enrolling COVER STORY 11 NUMBERS more than 4,000 participants in Turning difficulties into 12 COVER STORY WORLD-CLASS HOSPITAL SHIP Pakistan, Mexico, Russia, Chile and opportunities A woman with outstanding achievements COMPLETES SEA TRIAL IN TIANJIN Argentina, according to the statement. Interview with BEOW YIN ONG CFO of Otis Elevator China 20 FOCUS Company Limited Fiat Chrysler-PSA merger creates Finance Beow Yin has almost 20 years of world's fourth largest carmaker CHINA OVERTAKES U.S. AS finance experience in different 22 E-BIZ Europe’s main TRADING areas. She is a woman who has PARTNER FOR THE FIRST TIME How AI and AR enhance the e-commerce A new batch of artificial intelligence achieved great heights in her experience chosen career, and one who (AI) innovation centres with different An advanced hospital ship built by sets an outstanding example 24 VISION research priorities will be built in five a Chinese company for an American for women in the competitive 28 FEATURE STORY cities and regions in China, according shipowner has completed its sea trial corporate world. to the document released by the in Tianjin. The 174-metre-long and Fast-tracking development across the Ministry of Industry and Information world 28.6-metre-wide ship is designed to See Page 12 Technology MIIT. The cities and regions operate at a top speed of 12 knots. 30 FINANCE are Beijing, Binhai New Area of Tianjin, Equipped with 277 ward rooms Financing picking up speed amid carbon Hangzhou of East China's Zhejiang and 641 beds, it can provide the Fiat Chrysler-PSA merger creates world's fourth FOCUS control efforts Province, Guangzhou of South China's comprehensive services of both a China dethroned the U.S. last year largest carmaker Guangdong Province and Chengdu of 32 investment five-star hotel and top hospital. It is to become Europe’s top trading Italian American carmaker Fiat Chrysler (FCA) and France's Groupe PSA Southwest China's Sichuan Province. also one of the most advanced marine partner for the first time, data from the sealed their long-awaited merger to create Stellantis, with deep enough Two-way fund flows set to be The AI innovation area in Binhai European statistics office has shown. encouraged medical and teaching platforms in the pockets to fund the shift to electric driving and take on bigger rivals, Toyota New Area of Tianjin will focus on the world, according to Tianjin Xingang European Union exports to China grew and Volkswagen. See Page 20 34 IN DEPTH Beijing-Tianjin-Hebei coordinated Shipbuilding Heavy Industry Co., Ltd., by 2.2% last year and imports rose by China's digital economy competitiveness development strategy and strengthen the manufacturer. 5.6%. In comparison, exports to the 3rd in world the policy advantages of China (Tianjin) U.S. dropped by 8.2% and imports fell Pilot Free Trade Zone. TIANJIN CANSINO FILES SEEKING by 13.2%. The latest figures released by 36 InspirationaL Eurostat, showed that China now has Pony Ma TIANJIN AND BEIJING METRO CHINA'S 3RD COVID-19 VACCINE an even bigger role in how European APPROVAL 40 traveL APPS LAUNCH INTERCONNECTED economies perform. China, where the first Covid-19 cases were reported, Pamukkale, Turkey QR CODE has not gone through severe social 45 BUSINESS NEWS restrictions for a second time as has 48 TECH been the case in many European LAST WORDS Cloud Seeding nations. 50 SCIENCE Meet Rain Sun LUCKIN COFFEE FILES FOR Bionic eyes One of Tianjin’s outstanding BANKRUPTCY IN US designers The Future of Eye Technology CanSino Biologics, a company based Rain studied Fashion Design at in Tianjin municipality, said it had 52 DIGITAL MARKETING Tianjin and Beijing have launched a the Institute of Art and Fashion filed for conditional authorization Top digital marketing trends to embrace service that enables metro passengers of Tianjin Polytechnic University. to the National Medical Products in 2021 to use the same QR code to pay ticket Her first jobs were not exactly in Administration for its one-shot vaccine, fees in both cities. It is common in clothing design. jointly developed with a research 54 CHAMBER REPORT China for subway passengers to use a Rain makes clothes for her team under the Academy of Military clients, who are her motivation 56 LISTING QR code for payments, which is usually scanned at the ticket gates. However, Sciences. With a single injection, the Chinese cafe chain, Luckin Coffee, to continue in her career. 62 LAST WORDS the codes are often on different apps candidate has an efficacy rate of 65.28 recently announced it had filed for percent at preventing all symptomatic See Page 62 Meet Rain Sun developed in different cities and bankruptcy protection in the United cannot be used interchangeably. The cases and a rate of 90.07 percent at States, months after it had been service, effective on February 6th, preventing severe infections 28 days booted from Wall Street indices over 6 March 2021 I I March 2021 7 Biz Briefs Biz Briefs a fraud scandal. The decision won't The latest digital yuan test in Beijing announced again that it would impose mitigate risks to the financial system. as a valid travel document or form of affect the day-to-day operations of its featured automatic teller machines a temporary anti-subsidy duties with The Beijing office of the China Banking identification amid a bitter feud with stores, which will remain open, while that could convert China's central additional fees ranging from 6.3% to and Insurance Regulatory Commission London over a plan to allow millions Luckin will continue paying employees bank digital currency to physical cash 6.4% for all Australian wine suppliers. (CBIRC) and the central bank's business of Hong Kong residents a route to and suppliers, the company said in a and vice-versa. The Chinese capital is management department jointly residency and eventual citizenship. The statement. Created in 2017 and billing the latest city to conduct a real-world DOUYIN SUES TENCENT released a document requiring banks announcement by Foreign Ministry itself as China's answer to iconic US digital yuan test. The $1.5 million trial in the capital to tighten the review spokesperson Zhao Lijian threw up coffee chain Starbucks, Luckin has took place during the Lunar New Year process before issuing individual new uncertainty around the plan just grown at a rapid pace thanks to foreign holiday in early February. As part of business loans. The document instructs hours after the U.K. said it would begin codenamed “Project PEAR” (Personal investors. But revelations last year the test, the Industrial and Commercial banks to review borrowers' credit taking applications for what are called Electric Automotive Revolution), is that a manager inflated sales figures Bank of China (ICBC) debuted eight status more closely and pay attention BNO visas.
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