"In addition, we can use contacts such as the Department for International Trade, to assess the reputation of Chinese buyers." "We use a number of third-party services to credit check," says Craig Flyger of MarketInvoice. It offers these services to UK SMEs owed money by Chinese buyers, which is not an easy market to include. Fortunately, a cohort of Fintechs operating across these areas is making it easier to manage these risks.įor example, MarketInvoice is a specialist in lending and contract-secured finance known as invoice finance. Late payments and non-payments are a big risk for all companies operating in China. Most notably, it's hard for Western companies to often know exactly who they are doing business with and their creditworthiness. This creates numerous risks for businesses to manage. China remains an unfamiliar territory for many Western companies.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |