China proves to be hot market for Vancouver digital & tech companies

November 8, 2013 | Jobs and the Economy

Vancouver firms met with their industry counterparts in China on Wednesday in a series of targeted meetings organized by the Vancouver Economic Commission. The intensive B2B meetings saw Vancouver companies connect to meaningful business opportunities with Chinese investors and strategic partners, which is already leading to mutually beneficial agreements and opening doors for Vancouver-based businesses.

Following the major deal signed on Monday between Vancouver's Nerd Corps Entertainment and China's Ciwen Media Group in Beijing, the Shanghai sessions explored lucrative possibilities for Vancouver's digital animation sector and co-production and investment ventures with Chinese firms.

"The business was so good I lost my voice after eighteen back to back meetings," said Barry Ward, President of Bardel Entertainment. "The quality of some of the animation studios I met with here was much higher than I expected. Co-production with Chinese companies means I can build my studios up in Vancouver and make products in China that are also going to be successful in the international market. Co-production is a cultural exchange that creates characters, stories and creative content that works for the world."

Mayor Gregor Robertson is optimistic about the success of these meetings, which will set the stage for further development of Vancouver's thriving digital and tech sectors:

"Vancouver's booming digital media and tech sectors are drawing a lot of interest in China, and it's great to see the opportunities that are emerging," said the Mayor. "We have top-notch talent in our city that is getting some well-deserved recognition here in Shanghai."

Representatives from other sectors took part in the Shanghai meetings as well, including Michael Green Architecture Principal, Michael Green, who noted, "The people I met today are not only people that will change the way my business succeeds but will help plant the seeds that I believe will change the BC wood economy in a dramatic way. This included top developers, major real estate groups interested in the kind of leading edge wood technologies that Vancouver and BC is becoming known for around the world."

In attendance at the November 6 Shanghai sessions were leading Chinese companies, organizations and investors including: China Zhongguancun Private Equity & Venture Capital Association (ZVCA), Cash Capital Beijing Investment Management, CBRE and Knight Frank, Shanghai Huayu Filmes and more. Earlier this week in Beijing, B2B sessions included entertainment industry heavyweights such as China Film Group, Huayi Brothers, Beijing Hairun Media, and Forbidden City Films.

The Vancouver-China Business Mission 2013 looks to connect Canadian and Chinese businesses and cultural entities in order to create mutually beneficial partnerships, with stops in Guangzhou, Beijing, Shanghai, and Hong Kong from November 4-12, 2013.