Increasing Threats of CEO Fraud & Scams

CEO Fraud and various scams are becoming more common and sophisticated in many ways, according to a recent article publicized by our member company PSU China Consulting.

PSU  is a Swedish company which was established back in 2006 and is today one of the leading Consulting companies in China. They provide solutions and consulting regarding various security related issues. As the time of establishment is way back, PSU today enjoys a operational excellence in China and has conducted many investigations in the past, giving them a broad client base.

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In PSU’s most recent publicized article however, they explain that there are many various scams which pose a threat to businesses operating in China and that these scams are sometimes more intricate than what we perceive. As a result, many clever tips are provided by PSU in order to avoid these scams, including: Implementing training for all relevant parties, associating every wire transfer with a purchase order, adding multi-factor authentication to all key platforms and many more.

To know more about CEO Fraud and scams, PSU’s article is available for download via this link: http://www.psuchina.com.cn/publications

Stey – a new solution to urban living

Stey, White Peak’s new solution to urban living, offering modern urban professionals a smarter, digitally integrated way of living, has just been launched. Stey provides community-based serviced apartments and aims to make long term renting much more flexible by giving long-term tenants the option to re-rent in their absence.

Their flagship location in Wangfujing spanning six floors, featuring 45 private residential units, with community kitchen, living and exercise areas – as well as a hotel, bar and restaurants. Amongst others they’ve partnered up with star chef team behind Singapore’s CreatureS to launch a brand-new gourmet experience “Tease by CreatureS” and “The La Bar Atory” to create their own “La Bar Atory” where guests can enjoy in lab-inspired surroundings.

White Peak is a Swedish fund manager and developer, focused on the property investment and development in the fast-developing cities throughout China. Established in 2007, White Peak today manages a series of opportunistic funds and operates an institutional grade platform offering systematic exposure to the Chinese real estate market with end-to-end in-house development capabilities.

Interested in a visit? On November 16, you have the opportunity to visit Stey’s flagship in Wangfujing when SwedCham together with Stey will host the monthly Swedish After Work together with White Peak. As usual, all members enjoy two complimentary drinks and snacks. Click here to register today or scan the QR-code below.

Radisson Blu Announces New Ambitious Plans for Expansion in China

Shanghai, October 15 | Radisson Blu is a hotel chain funded back in 1960. To this day, Radisson Blu is operating globally with a number of more than 300 properties ranging from hotels to resorts in more than 380 locations worldwide.

Our member company Radisson Blu is stepping up its efforts on growth in China and has plans to open up three times as many properties as of the current amount across mainland of China. As a way to fulfill its operating plan by 2022, which is the destination year of the growth.

Some of the newly built properties will be in service as soon as the last quarter of 2018 with locations such as Ningbo, Suzhou and Zhengzhou!

 

Wallenius Wilhelmsen’s First Vessel Takes To The Seas After Green And Grey Rebrand

RoRo vessel Salome has left Zhoushan, China after being repainted in Wallenius Wilhelmsen’s new brand colours. The vehicle carrier, built in 2012, is one of the first vessels to have been rebranded with WW Ocean’s sea-green and flint-grey.

At 75,251 gross tonnage and 43,878 deadweight, Salome can transport up to 6,000 cars at a time. While in Baltimore, Salome used her 505 tonne stern ramp and nine internal cargo decks to discharge and load nearly 7,500 tonnes of rolling and static cargo during a 24-hour port stay.

She is the first of the WW Ocean fleet to be repainted in the new colours as part of scheduled maintenance work to avoid extra costs.

Salome’s repainting follows the creation and listing of Wallenius Wilhelmsen in April 2017’s rebrand, when Wallenius of Sweden and Wilhelmsen of Norway merged their jointly-owned companies.

Former operating entity Wallenius Wilhelmsen Logistics (WWL) was restructured to become two new entities: ocean shipping company Wallenius Wilhelmsen Ocean (WW Ocean), and land-based logistics provider Wallenius Wilhelmsen Solutions (WW Solutions).

The group’s rebrand also saw the launch of a new Wallenius Wilhelmsen logo – a modern take on the traditional W, made up of two lines and a circle.

The lines symbolise the products transported on the company’s RoRo vessels, and its land-based logistics services. The circle represents navigation degrees, the ‘O’ of ocean, as well as the life-cycle perspective. The sea-foam green symbolises the ocean, while the grey symbolises land.

Click here for full press release.

Swedish Company Johan&Johan Opens New Concept Store in Shanghai

Shanghai, September 14, 2018 Johan & Johan is a Swedish retail company which was originally founded in 2010 by Johan Aledal and Johan Wikander. The company is known for its focus on innovative & premium Swedish goods with everything from clothing to lifestyle products and home appliances. As the company’s emphasis is put on Asian markets, the importance of localization is realized by Johan & Johan, which is why operations are based in cities like Hong Kong, Shanghai and Ho Chi Minh city.

“It’s a big step away from static retail, and Shanghai is just the right place to start.”- Helena Svensson, Sales and Marketing Manager at Johan & Johan

The company is taking it a step further by opening its first concept store at ISETAN Shanghai with a selection of premium Swedish brands, artwork and fashion products. The newly launched concept store called KAIMEN provides an innovative concept by the name of The Swedish Space which combines both Swedish culture and design. The concept provides a linkage between online and offline experiences through multiple channels. As a way of also experiencing the Swedish culture at hand, The Swedish Space works as a hub for people to experience Sweden from a new perspective. The concept will combine selected products, events, host exhibitions and workshops, taking the concept to a whole new level.

The KAIMEN brand store is also currently available on social media sites like WeChat, Tmall and the newly opened store can be found at ISETAN Shanghai. For more information about Johan & Johan and their concept store KAIMEN, read more here.

Asian Tigers Mobility China Opens New Office In Nanjing

Shanghai, September 10, 2018 Our member Asian Tigers Mobility China have announced that they will be opening a new office in Nanjing. Nanjing is the capital of Jiangsu Province which is the 3rd smallest but 5th most populous of all the China provinces. It also has the highest GDP per capita of all the China provinces. Nanjing will be the 11th office of Asian Tigers Mobility in mainland China.

Jason Lin has been appointed to manage the new office and has spent the last several months based in their Shanghai office as part of his orientation and training.

Asian Tigers Mobility is an international moving & relocation company, and is recognised as a market leader. With offices in 14 countries across Asia and over 1,500 staff on the ground and with affiliations with more than 500 global partners, we can offer our clients both in-depth local knowledge and a worldwide service scope. In China, we have been operating since 1988 and employ over 300 professional staff in 11 offices around China. The services provided include international, domestic and local personal effects moving services; office relocations; visa & immigration; home search & orientation services and document and electronic media archiving management and storage services.

 

Azelio [Cleanergy] one of nine E-Prize finalists

Stockholm, July 9, 2018 | Azelio is the world’s leading provider of friendly Stirling energy solutions and is now one of the 9 nine E-prize finalists. The winner will be announced at the Go Greentech conference in Stockholm this October.

Azelio was founded in 2008 under the name Cleanergy by four Swedish entrepreneurs that shared a strong interest for environmental friendly technology and renewable energy. Specialized in and a leading supplier of Stirling engine-based renewable energy solutions, Azelio now put an even greater focus on distributed and dispatchable solar electricity, with a significant part of their on-going business in China.

The Go Greentech conference is arranged by the Swedish news paper Veckans Affärer to highlight environmental friendly and sustainable companies and solutions. During the conference the prestigious E-Prize will be announced for the 10th year in a row. This year there are three categories; Renewable Energy, Energy Efficiency and Sustainable Transportations.

Azelio is one of the the nine companies that are in the final round. They’ve been nominated in the category for Renewable Energy due to their determination to break down the last barrier to find an economically attractive and sustainable way of storing solar energy so that it can be tapped when and where it’s needed.

Höganäs cuts shipment time in half by using rail transportation

Shanghai, July 30 2018 | In July, our member company Höganäs shipped its first container by rail transportation from Belgium to China. The train service will cut the transport time from 40 days by sea to just 22 days. ‘It is a sustainable and environmentally friendly transport that allows a secure delivery of the shipment and avoids the risks due to weather conditions and, thus, delays’, says Angelica Szentesi.

SSAB takes the next step towards being fossil-free

Sweden, June 20, 2018 | SSAB has together with LKAB and Vattenfall started a new joint venture, HYBRIT, that aims to replace coking coal with hydrogen. The result will be unique: the world’s first fossil-free steel-making technology, with virtually no carbon footprint.

The initiative was given a green light last winter to proceed from feasibility study to pilot plant. Construction work is now starting and the plant is expected to be ready in 2020.

By starting to build the pilot plant, where we’ll develop and scale up the technology for fossil-free steel production, we’re taking an important step forward towards SSAB’s goal of being fossil-free by 2045. We’re proud of being part of an important and challenging technological shift that can result in our solving part of the climate issue, says Martin Lindqvist, President and CEO at SSAB.

HYBRIT has the potential to reduce Sweden’s total carbon dioxide emissions by ten per cent and has global potential to reduce carbon dioxide emissions. This historical technological shift has been described as crucial if Sweden is going to be able to achieve the goals set out in the Paris Agreement.

SSAB is a Nordic-based steel company that offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world.