Nuna Network

Some are calling it "the Great Diversification" as companies around the world now feel an overwhelming imperative to create redundancies in their supply chain. Although the Covid-19 pandemic and related supply shocks dramatically accelerated this trend, investment by American companies in China had already plateaued and begun to decline even

Intellectual property is consistently a top concern for companies seeking to manufacture goods in China, if not the #1 top concern. If you haven't already, check out Part 1 of this two-post series [https://blog.nunanetwork.com/ip-and-china-best-practices-part-1/] where we break down some of the preliminary legal and due diligence

Intellectual property is consistently a top concern for companies seeking to manufacture goods in China, if not the #1 top concern. If I tap a manufacturer to produce my goods, what is to stop them from simply producing the same items for others - or even worse - from trademarking

The Cyberspace Administration of China (CAC) has finally released guidelines for how to apply for permission to transmit Chinese citizen personal information (PI) across the country's borders. Companies seeking to transfer PI or other “important” data gathered from citizens in China may need to take a number of steps in

As we approach the first year anniversary of China's PIPL laws going into effect, it seems a good time for a refresher on the two levels of personal information it governs. Given the extreme penalties for non-compliance, including significant penalties, bans and even jail time, making sure you are compliant

The recent slew of supply disruptions has given rise to what is being called a “China plus one” strategy. Rather than focusing all of one's investment efforts and vendor relationships in China, companies are now creating redundancies in other manufacturing areas of the world to mitigate the risk of slowdown

Did you know global trade as, on the whole, recovered from the record shocks caused by the Covid-19 pandemic? In fact, it was the fastest decline followed by the fastest recovery in recent trade history. That gem, and many others, can be found in a recent post [https://www.weforum.

COVID-19 has changed everything it seems, including how companies think about and effectively  manage their global supply chains. The pandemic brought to light weaknesses in global supply chains for companies of all sizes. Chinese manufacturing of essential medical goods and equipment came under particular scrutiny, and revealed what some regard

Checklist: PIPL data compliance in 5 Steps China’s recent legislation presents new risks, challenges and increased costs to all companies handling the personal information of Chinese residents. With a little extra diligence, and an expert partner such as Nuna Network [https://www.nunanetwork.com/], it is possible to overcome

While there are many reasons why you might want to keep track of the ongoing status of a Chinese company using Nuna Network's Verify & Monitor service [https://www.nunanetwork.com/product/#plans], we have outlined the top 3 use cases we hear from clients. At their core, all can be

It is every compliance and supply chain manager’s nightmare: you think you’ve done your due diligence, you’re in contract with a supplier - and then you realize you’ve been tricked. This list of the most common deceptions buyers face in China may help you as you

There are many reasons to get an advanced company report [https://www.nunanetwork.com/product/#plans] on a company in China. Whether it is for a new vendor, or "overdue" diligence on an existing partner, we've compiled some of the most common reasons below. Our database of over 180+ million

When a Chinese supplier asks for a wire transfer, they’ll likely call it a T/T payment. China T/T Payments are the most common way to send funds to a partner or vendor in China - but they can also present some risk. Are you 100% sure the

An advanced Nuna Network company report [https://home.nunanetwork.com/nn-getstarted-new/]features 55+ data points, updated in real time - all translated into English. If this is your first time looking at a comprehensive audit of a Chinese company, some of the terms may need a little explanation in order

Understanding a company’s registration status (and other rankings) can help you make informed decisions about the relationship you’re planning on entering with the Chinese partner. Research and due diligence activities are key to ensuring you have the most up-to-date information about a Chinese company. Nuna Network - Get

A director of a Chinese company has responsibilities for leading and supervising the business activities and operations of one or more areas of the company or enterprise. Understanding a Chinese company’s director structure can help you make informed decisions around a company’s scope, business operations, and potential problems

Chinese factories are entities that produce parts, components, and materials for particular products. Chinese trading companies do not produce the actual goods; rather they partner with wholesalers or distributors who source goods from one or more factories. Knowing the differences, advantages, and disadvantages of working with a factory versus a

A Chinese company’s legal representative is the individual who is the legal embodiment of the company’s interest for purposes of its relationship with the Chinese government. The legal representative is a critical role in any Chinese company. That individual has the power to bind the company in contracts,

The ultimate beneficiary owner is the person or persons who legally own or control the business either directly or indirectly. The term “ultimate” is used because the ultimate beneficiary owner is the designee(s) who ultimately receive profits from the business. By understanding the ownership structure of a company and

The China ID card, also referred to as the resident identity card, is a mandatory card that all Chinese citizens must possess and carry with them at all times. It includes information about the citizen’s date and place of birth, gender, and her or his 18-digit Citizen Identity Number.

A Chinese company’s physical address and location remains an important piece of information that can help you cross-check and verify that it is a legitimate business. While not common, some Chinese companies provide false information about their physical locations to mask their true operational identities or to portray themselves

The Unified Social Credit Code is a unique, 18-digit national business registration number issued to all businesses and other entities in China, the Unified Social Credit Code is an official indication that a company is registered and verified with the Chinese government to operate legally in Mainland China. Nuna Network

Due to a large development effort to bolster a business friendly climate, China offers an abundance of regional and provincial options outside the primary tier one cities [https://blog.nunanetwork.com/explaining-chinas-city-tier-system] for locating or conducting business. Understanding the Chinese regions and provinces landscape can help you make more informed

As in many other countries, there are numerous ways a company can be organized and registered in China: Limited Liability Companies, Companies Limited by Shares, Holding Companies, Joint Ventures, Wholly Foreign-Owned Enterprises (WFOEs), Representative Offices (ROs), State-Owned Enterprises, Private Enterprises, and Individually-Owned Enterprises. Nuna Network - Get Started TodayGet started

The two main types of debt financing, or loans, used in China are chattel mortgages, where a moveable piece of property serves as collateral for the loan, and equity pledge lending, where personal holdings or third-party holding shares serve as collateral. Understanding the types of financing that Chinese companies use