LinkedIn: Chinese companies inclined to expand to Asia

Lower costs, a more friendly business environment, and cultural proximity are among the key factors that are driving Chinese enterprises to prioritize international expansion in Asia instead of the European and North American these days, Nancy Wang, the newly appointed China Country Manager at LinkedIn, a California-based professional networking platform provider, said during a media interview in Shanghai on Thursday.

"The number of overseas Chinese living in countries in Southeast Asia accounts for 70 percent of the total, and our social environments and consumption habits are similar to one another. Moreover, the proportion of internet and digital talents under the age of 35 in Southeast Asia is fairly high," said Wang.

LinkedIn China had on Thursday unveiled a new solution to help Chinese companies go global and enter a new stage of growth. The company said that this new learning solution provides enterprises with a one-stop, intelligent platform to enhance integrated skills and address current organizational and talent challenges to prepare for future competitions.

"By providing solutions for talent, marketing, and learning, LinkedIn will continue to empower Chinese enterprises with global thinking and localized operational capabilities in foreign markets," said Wang.

According to the White Paper on Chinese Enterprises Going Global released by LinkedIn and the Boston Consulting Group in November last year, the proportion of foreign investment by Chinese enterprises around the world had increased from 12.1 percent in 2016 to 20.8 percent in 2020.