Start-ups are always looking for a game-winning leg-up.
In the case of 3DLT, they got just what they needed from the Chinese Chamber.
Our executive director, Evan Brooks, was approached late Tuesday night to help the Northern Kentucky start-up, 3DLT, make their pitch to Chinese investors at Silicon Valley this weekend. Evan knew right away that the chamber had to pool all of their resources into this opportunity: After all, bringing Chinese investment to the region is our No. 1 priority.See the Cincinnati Enquirer story here
The big headlines in international news came following the release April 30 of an International Comparison Program report that suggests China’s economy will overtake the U.S. and India will rise to number three over Japan.
Of course, as with any report of this magnitude, you have to take the whole situation into perspective. The report relies heavily on a variable called purchasing power parity (PPP) that shows the power of the Renminbi in China becoming more powerful than the U.S. Dollar in the U.S.
Simply put, getting a hair cut in Beijing is far cheaper than the same quality hair cut in New York City. That’s a simple way of looking at it. The Financial Times did a great video explaining the report.
In the world’s most populous nation, it’s easy to find intriguing and compelling news.
Here’s a few links worth sifting through today, April 25:
- Online market Alibaba creating strong trend of small business start-ups
- E-commerce a strong tool for burgeoning entrepreneurs
- Telegraph predicts China will become world’s largest Christian nation
- Officially atheist Communist Party not so happy with the claim
- In Japan’s fight with China, Justin Bieber loses and Southeast Asia wins
- The Biebs commits massive East Asian faux-pas
- Southeast Asian countries prefer Japanese investment over Chinese in light of South China Sea dispute
- LA/Beijing-based media marketing company going public, Hollywood still rough sell in China
- DMG goes public and apparently worth $970 million
- Despite DMG’s Iron Man 3 success, getting past Communist cap on Hollywood films holds back profits