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DragonVenture leads a US Office Furniture Delegation to China
Palo Alto, California, Mar. 28,
2003
Silicon Valley based cross-Pacific venture capital
and consulting firm DragonVenture is pleased to see the sustained
success of its efforts to opening doors to the China market for US
companies. Following successful China trade missions for the tool
and die industry in year 2002, the company led, in mid March 2003, a
US office furniture delegation for a week-long visit to a number of
cities in the Greater China Region.
US companies on the delegation are members of the Business and
Institutional Furniture Manufacturer’s Association (BIFMA), a
non-profit trade association with membership of over 260 companies
representing over 80% of the value of North American shipments of
office furniture. The long-planned trade mission to China is the
pure and clear statement of BIFMA members’ multiple and diverse
interests to explore outsourcing, sales, distribution and licensing
opportunities in the vast China market.
DragonVenture has played a significant role in advising the
delegates of trip destination selection, introducing them to the
right companies of their interests, as well as ensuring good
logistics arrangements. As a result, the delegates embarked on a
trip encompassing five cities (Taipei, Guangzhou, Dongguan, Shunde
and Panyu) with strong furniture manufacturing bases in seven days.
For most of the members of the delegation, this trip was a big
eye-opener. Throughout the trip, delegates found out first hand how
many manufacturers, already equipped with advanced machinery, are
taking advantage of the low cost labor in China in an effective and
organized way.
24 people representing over 20 firms participated in the delegation.
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