China's share of the Asian private equity market has tripled from 8 percent in 2005 to 29 percent in 2008, according to a recent report released by Adveq, one of the first fund of funds to be active in Asia.
The software industry in Dalian has experienced dramatic growth over the last 11 years, establishing the city, one of the largest the northeastern Liaoning province, as one of the key centers for growth in the sector across China. Its success has also delivered huge economic benefits to the city.
In little over a decade, Dalian's Software Park has delivered tremendous returns for the city and provided the spur for the radical reinvention of its economic landscape.
It is almost a clich now when companies maintain they are viewing the financial crisis "more as an opportunity than as a serious challenge," but when it is said by Gao Wei, the president of the Dalian Software Park Co (DLSP), it has more than the usual air of conviction.
Based in Gurgaon, India, Genpact has provided business process outsourcing (BPO) since 1997 and now serves customers from the US, Mexico, UK, Eastern Europe, Philippines, China and India. Pramod Bhasin, president & CEO of Genpact and chairman of the Indian IT industry group NASSCOM, talked with China Daily about the industry.
After joining in Genpact Asia as CEO in January 2002, Mitsuru Maekawa converted the company's operation into the biggest service exporter from China to Japan, Korea and Southeast Asia as its number employees increased from 400 to 2,900 in seven years. He recently shared his values with China Daily.
Mitsuru Maekawa earned his BSc in nuclear engineering from the University of Tokyo, followed by an master's and PhD from the Massachusetts Institute of Technology.
Genpact has helped lead the globalization of business services and technology as a pioneer in managing processes for companies around the world.
American-born Chinese executive Matt Tsien has been executive vice-president of SAIC-GM-Wuling (SGMW) since January and his humble little office at the southern China plant is a symbol of the joint venture's success.
In yet another tangible sign of China's emergence as a top global economic power, it surpassed Japan a few years ago as the largest luxury vehicle market in Asia.
PSA Peugeot Citroen's plan to create a second joint venture in China raised eyebrows in the local industry after it was announced by its new chief executive Philippe Varin at the end of July.
AUSTIN, Texas: Seven-time Tour de France winner Lance Armstrong was pleased with the 2009 Tour de France route announced Wednesday and is excited about the possibility of trying to win the race once again.
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