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Why BAT Follows President Xi Jinping To Visit US?

2015/9/23 10:35:53¡¡Views£º955

It is reported by media that President Xi Jinping will attend to Sino-US entrepreneurs` s symposia in itinerary in Seattle. The participants include 15 US entrepreneurs and 15 Chinese entrepreneurs. For the visiting, the topics like where are they going, what will they talk, who will follow are all concerned by people, also the 15 entourage attracted tremendous attention.

What kind of entrepreneur will be the entourage?

Most of the 15 entrepreneurs in China are Group` s CEOs or board chairmen.
Let` s see the nature of enterprise, it includes both state-owned and private enterprises. From the field of enterprise, it has internet (Baidu, Alibaba, Tecent), finance (ICBC, BC), automobile (Wanxiang Group), energy source (ENN Energy), grain industry (Shuanaghui, Yili), architecture (CSCEC), chemical Industry (Yuhuang Chemical Group), manufacturing (Tianjin Pipe Group). Some of enterprise involves several fields, like BAT (Baidu, Alibaba, Tecent), they set foot in E-commerce and internet finance, even energy sources.
But the other side of US entrepreneur is also business tycoons including the well-known people such as Buffett and Cook.

Why BAT can follow?

Reviewing back to previous visiting entourage, it` s easy to see a big change which is related to current economic development and industrial popularity as well as the cooperation and communication with the target country. Simultaneously, the proportion of followed entrepreneurs between state-owned and private enterprise has some change.
The newly released name list caught people` s eyes by Mayun, Ma Huateng and Li Yanhong, but why they can follow?

1.The innovation leads the economic normality and internet industry is vital to China development.
China accesses into the new normal economy with the engine of innovation, in this period, internet plays an important role and occupies a lot in national economy. BAT is the pacesetter in internet field symbolizing strong development of Chinese internet. No matter the market value, turnover or visitor volume, BAT ranks top 10 in worldwide.
These enterprises involve widely in the third industry, such as the new patterns of internet financing, medical care, education, and also infiltrating into the 1st and 2nd industry to accelerate the industrial transition. The internet force suddenly rises is essential to Chinese economy, not only on statistics but embodies the consumption propelling, industry transition and process of marketalization, which has totally integrated into people` s daily life.

2.The Sino-US internet security is a vital topic which needs internet enterprise participating into it.
The two sides both concern the vital field of internet security and collaboration, which is unavoidable.
In the past years, Sino-US once carried out the high-grade government conversation in common concerned internet security problem. Recently, Meng Jianzhu, President Xi` s special envoy, the secretary of Political And Judiciary Commission, led the directors of Public Security, Judiciary and Network Information Department to visit US exchanging views to the mutual trust and cooperation of internet security field.
Currently BAT respectively increase their security investment aiming to create a safe ecology and establish a safer internet environment to protect its business and ecological partners. BAT is the participant and beneficiary for creating a good internet environment.

3.Complementary in different fields with US enterprise and more deals would be reached.
BAT is the internationalized enterprise has deeply source with US. Alibaba and Baidu went public separately in NYSE and NASDAQ, both of them arose intensive concern by US capital market.
Let` s see from the investing territory, BAT` s capital tentacles in US has covered every aspect even other industry. Alibaba has invested Fanatics, the e-commerce of US sports goods in June, 2013, and invested $56 million dollar to Zulily, maternity and baby e-commerce and became its strongest stock holder. Since 2011, Tecent enhanced the investment to US involving many fields. Baidu mainly focuses on technological company investment in US. What result will be yielded, what opportunity will be generated, will it have new orders? Let` s look forward to the face to face communication.