BEIJING, Jan. 10 (Xinhua) -- International investment and trade consultants UTOU has launched online to fuel Chinese enterprises' overseas expansion.
"UTOU aims to help Chinese companies reduce costs and earn more money on the way to going global," Shen Kaitao, chairman of Jiangtai Insurance Broker Co, the company that developed UTOU, said.
In 2014, China was a net exporter of capital, with foreign direct investment by Chinese enterprises reaching $161.7 billion between January to November in 2016, a 55 percent increase on the year before.
However, among the 20,000 Chinese companies that have gone global before 2015, 90 percent failed to make a profit.
Shen said the platform would provide consulting services to Chinese companies on mergers and acquisitions, building factories, project contracting and commercial services.
It will also provide services such as language translation, risk management, legal advice, public relations, and convention and exhibition services.
Companies can select a local assistant through the platform to guide them when investigating opportunities in foreign countries.
"The platform will supply information about Chinese foreign investment for the government and help Chinese companies to make profit when going global," Shen said. (chinadaily.com.cn)
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