China investment, in search of Mexican companies

The Chinese business accelerator Tojoy announced its arrival in Mexico and plans to find, in a first phase, between 30 and 40 Mexican business projects to offer support, financing and development opportunities to take them to China.

The business accelerator plans to capture about 40 projects in the country
The business accelerator plans to capture about 40 projects in the country

"We are looking for very successful Mexican companies to help them standardize their business and grow their business model and bring them to China, use the resources of Chinese entrepreneurs to help them grow their business. In one year we will be talking about a large group of companies in Mexico and China that will make a good connection, we expect between 30 and 40 projects or deals that we can start," said Jun GE, ToJoy's global CEO, in an interview with El Heraldo de Mexico.

The company can directly exercise a capital injection in those projects it considers profitable, or also helps them find potential investors in China, as it has a network of 700,000 entrepreneurs or decision makers willing to exercise capital in these projects.

He said they are interested in the high-tech industry, e-commerce, any business based on the Internet and traditional sectors such as food, restaurant, arts and crafts, "also in the projects of large department store chains in Mexico, to expand their projects to China," he said.

He said that between China and Mexico economic relations have not been so close, but they see potential in consumer and agricultural goods.

"Mexico is the best place for ToJoy to set foot in Latin America".

Source: El Heraldo de Mexico

Recommended stories

Mexico-China trade amounts to 85 billion dollars in 2018

In 2018, bilateral trade between Mexico and China reached 85 billion dollars, of which 76 billion was the product of the importation of goods from the Asian nation, and about 9 billion Mexican exports; an amount that represented an increase of 32 percent in the last five years.

This was reported by Jorge Macías Jiménez, president of the National Chamber of Commerce, Services and Tourism (Canaco-Servytur) Tijuana during a meeting he held with the government delegation of Shandong Province, China. Meeting where they explored investment and trade opportunities; besides visualizing areas of economic cooperation that contribute to the development and well-being of both communities.

The leader of the Tijuana merchants assured that "we are in an excellent time to resume our commercial relationship, since the president of Mexico, Andrés Manuel López Obrador, has foreseen in this region a series of public policies and government measures that will create an environment more competitive to the productive activities, that at the same time will be an incentive to the foreign investment and development of strategic projects ".

In a statement, it was detailed that Macías Jiménez thanked the members of the Chinese delegation for their visit, and urged them to make their investments in Tijuana, in order to join new areas of cooperation and business opportunities in the Cali-Baja region.

At the meeting attended by Bernabé Esquer Peraza, Secretary of Economic Development of Tijuana; Carlos Arturo Higuera, president of Deitac and Zhang Xingchen, Secondary Inspector of the Provincial Department of Commerce of Shandong - the Chinese businessmen showed their gratitude to the Mexican authorities for the support they have received so far, and exposed the interest of investors of the nation Asian to open more business in Tijuana.

By Mexicanist