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Christmas Charity Event at Madurodam

Cheque total

Two weeks before Christmas, the Dragons Businessclub hosted its annual-held Christmas Charity Event in Madurodam in The Hague, one of the most famous miniature parks in the world. We welcomed more than 120 guests. Together with the guests, we supported the Dutch charity foundation Care4Tina. This foundation helps Chinese children who have cleft lips in the city of Xi’an to get proper surgery, treatment as well as aftercare.

View the pictures here.

Fast growth Chinese business community

The evening started with an introduction about Care4Tina by Mr. Atom Zhou the chairman of Dragons Businessclub. Then, Mr. Karsten Klein, vice-mayor of the City of The Hague, shared his knowledge about the development of the Chinese business community in The Hague. There is a fast growth of the Chinese business community; more than 60 Chinese companies have set up their European headquarters in The Hague. This includes both small medium sized companies and multinationals such as Huawei and ZTE.

Economic developments outlook China 2016

Mr. Dr. Hein Roelfsema, associate professor of International Entrepreneurship at the University of Utrecht, presented a picture regarding the Chinese economic developments in 2016. In the past year, the Chinese economy was not as optimistic as people had expected. The stock market performed poorly, manufacturing shrank and GDP growth slowed down. Yet the Chinese economy will not stop growing, it is in a transition. This transition will be shaped by a growing number of Chinese entrepreneurs and the expansion of private innovative sectors.

Care4Tina

We ended the evening with a lottery and auction. More than 1,500 lottery tickets were sold and a lot of money was raised by the auction. Together we collected € 6,170,- for the Care4Tina charity foundation. The charity foundation Care4Tina was founded in October 2009 by two warm-hearted Dutch women, Ms. Elise Niels and Ms. Tineke Mast. It started by supporting little Tina, a Chinese orphaned baby who was born with a double cleft palate. Tina became a symbol for young Chinese children with cleft lips in need of medical help. Care4Tina continually offers such kind of help. Until now, more than 220 young children in Xi’an, China, have received operations and treatment from Care4Tina and hence started a different life with more future perspectives.

Dragons Businessclub wishes all her members, relationships and Care4Tina a Merry Christmas and a prosperous New Year!

By Wenqing Liao (Pictures by Michael Tsang)

Editorial

1 Editorial

We are heading towards the end of the year and we can already look back at a year full of great events.

In this issue you can find a report of our last event at the Amsterdam Exchange, where we were presented with insights on the internationalization of the RMB. In the other articles we hope to give you some more information regarding the topic of our event of this Summer: mergers and acquisitions.

One of our editors has moved to Taiwan and she will share her experiences in her column.

Enjoy reading the Dragons Quarterly!

Nga Yau Wong
Editor-in-Chief
news@dragonsbusinessclub.nl

Failure factors of Chinese companies in cross-border M&A

17737-business-man-hand-pvYou have probably read about the recent success stories of Chinese companies making significant acquisitions in The Netherlands, such as Nidera that is acquired by the Chinese COFCO, or Vivat that is bought by Anbang for € 1. What you probably do not know is that 70% of Chinese cross border transactions have failed. Today we are unveiling a few failure factors that prevent Chinese prospective buyers from succeeding.
Lees verder/read more…