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Yonyou Releases “White Paper on Globalization of Digital Operations for Chinese Enterprises”

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On August 19, 2023, Yonyou unveiled the “White Paper on Globalization of Digital Operations for Chinese Enterprises” at the ‘Chinese Enterprises Going Global’ forum at Shanghai National Exhibition and Convention Center, supporting Chinese enterprises in global expansion and digital transformation.

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01 Holistic Development: New Patterns, New Challenges, Accelerated Globalization

Amidst new global dynamics and challenges, more Chinese companies are embracing digital economic opportunities to expand internationally. Yonyou Overseas Business Unit’s General Manager, Dr. Bowen Guo, unveiled the Globalization 2.0 Strategy at the Chinese Enterprise Globalization Forum, introducing the ” White Paper on Globalization of Digital Operations for Chinese Enterprises.” This paper delves into the evolving landscape and challenges faced by Chinese enterprises global operations under the “Belt and Road” initiative and dual circulation policies. It highlights four global operational models: export, overseas marketing, overseas operations, and global integration.

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02 Digital Intelligence Foundation: Solutions for Chinese Enterprise Global Operations

Then, Mr. Sunny Liu, General Manager of Yonyou North America, further introduced the Yonyou BIP globalized digital intelligence solution released in the White Paper. As a new generation of service enterprise digital intelligence product developed by Yonyou after seven years of research and development, Yonyou BIP supports the capabilities of multi-language, multi-time zone, multi-format, multi-currency, multi-standard, and localized access to carry out regional and localized applications based on the customer’s business application scenarios. According to the customer’s business application scenarios, regionalized and localized applications can be developed and the scope of localized applications can be further expanded by relying on the globalized data model. Mr. Liu also highlighted the topic of global compliance and data security and privacy protection, introducing the business scenarios and solutions for Chinese enterprises going overseas under the GDPR, including finance, tax, human resources, recruitment, procurement and collaboration areas, and proposing targeted development strategies for planning and building enterprises’ global competitiveness.

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03 World-Class: Case Studies of Chinese Enterprise Global Operations

The White Paper showcases successful global operation case studies of Chinese enterprises. For instance, China Mobile International partnered with Yonyou to build an integrated global HR platform, managing staff performance across 35 countries, integrating 25 sub-processes. Yonyou supported Wolong Electric Group’s digital procurement platform, reducing costs by over 10%. Yonyou transformed Walsin Lihwa into a digital intelligent factory across Taiwan and Mainland of China. Founded in 2003 in Hong Kong, Yonyou’s Overseas Business Unit boasts 20 years of expertise. Yonyou has provided best practices for thousands of mid-size and large enterprises, spanning finance, retail, real estate, construction, and trading. Yonyou continues to drive cross-border management and business innovation for enterprises.

04 From Asia-Pacific to Global: Yonyou Embarks on the Era of Globalization 2.0

The White Paper release marks a new phase for Yonyou Overseas in Globalization 2.0. Dr. Bowen Guo highlighted plans to enter Europe, North America, Japan, and the Middle East, covering over a hundred countries in three years. This strategy aligns with the White Paper’s concepts, supporting Chinese enterprises’ digital transformation for global expansion.

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05 Co-Creation and Mutual Benefit: A New Ecosystem for Global Expansion

Amid globalization, how Chinese enterprises achieve global operations through digital transformation is vital. The White Paper serves as a comprehensive guide, offering strategies, solutions, and best practices to guide Chinese companies in their global digital transformation journey.

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Headquartered in Beijing, Yonyou Network Co., Ltd. (“Yonyou”, in Chinese, “用友”) was founded in 1988 and listed on the Shanghai Stock Exchange in 2001 (SSE: 600588).