Chinese Company Verification
Purchasing high-quality and low-cost products in China is a very interesting thing. It may make you open a new business, or it may make you deeply troubled.
When you receive an email from a Chinese businessman in your mailbox, he introduces you to his products and prices. You are very excited. As if you have found the business partner you have needed for a long time.
When your LinkedIn has businessmen from China following you and expressing their desire to do business with you. You talked with him happily and are very interested in his products.
You know them ? Really ?
Do you really know who is on the other side of your computer or mobile phone who is discussing business with you?
Is his company and business real? Even if you really went to China to meet him, there is no guarantee that everything he said is true. The factories and warehouses he took you to visit are his own. Or is it ?
Ask these Questions ?
When you see other people purchasing high-quality and cheap products from China, you also want to find a reliable Chinese supplier. You have found several, but you don’t know which one is right for you. You can’t make an effective comparison of these companies because you don’t have channels to know the real situation of these companies, such as where the company’s registration is, who the shareholders are, how long the company has been established, and what is the business registered in China, is it a production company or a trading company, whether it has the right to export goods, whether it has bad records, whether it has been prosecuted for dishonesty, who should be sued if it is fraudulent, etc.
What are the problems ?
Some people have made a fortune in international trade, and some have been embarrassed. This is not your luck. It is because international trade involves two countries, two laws and systems, different cultures and customs, long distances, and some things become very difficult, complex, which increases the risk. Once there is a loss, a lot of energy, time, and money may be spent in order to solve the problem. It is a headache to think about these things.
Not happy with current suppliers ?
Many buyers are not satisfied with their existing suppliers and want to change suppliers, but they dare not easily do business with new suppliers, fearing being deceived. When enduring various problems of the old supplier, only small orders are given to the new supplier to verify whether it is reliable or risky. These small orders often fail to attract the attention of the supplier, so that both the buyer and the supplier lose interest in each other. Even if the current supplier is a little dissatisfied, he is unwilling to take the risk and switch to a new one.
Varying products qualities
China’s manufacturing industry, known as the factory of the world, has varying product quality. Because China’s consumer market is huge and there are different levels of demand, the price of the same product may vary several up to ten times. This situation often makes it impossible to distinguish which product meets our requirements. This kind of thing is not easy for Chinese businessmen. The price difference of similar products on the online e-commerce platform is huge, making it impossible to choose. The introduction of each product is perfect. If you want to purchase high-priced products, you are worried about losing money, and those who want to purchase low prices are worried about being deceived by poor quality. It’s really a headache, I don’t know what to choose.
More questions ?
Do you know whether the Chinese company you are dealing with is still operating and registered normally, and what kind of business it has registered with the Chinese government? In China, the company’s unregistered business cannot be operated, which is illegal. If you have a dispute with a Chinese company that requires litigation, who are the shareholders of this company and who are the ultimate beneficiaries of the company, and to whom should you claim compensation? Is the website of the Chinese company you see true? Has the website information been registered with the Chinese government, or is it a scam or phishing website? What is the real English name of the Chinese company you are talking to?
Company Verification
China FEC can help you verify all kinds of information about Chinese companies, from the registration time of the Chinese company to the registered address, the company’s registered name, what are the legal businesses, who the company’s shareholders are, the shareholding ratio of each shareholder, the company’s website, and the company’s acquisition, Which professional certifications, whether the company has judicial risks and records of dishonesty, etc. It can help you avoid risks and make your business smoother.
