18 October 2016
Will SMEs Own the Future?
"In the next 20 to 30 years, small is beautiful and powerful. We should give small businesses, developing nations and young people more opportunities." Jack Ma, Founder Alibaba
Drawing from Jack Ma's comments at the recent 2nd Asian Co-operation in Thailand, our many HCC SME members pave the way for the future. Mr Ma used the event platform to rallyl against the trend of anti-globalisation commentary, and called upon the 34 nations present to focus on small businesses of less than 30.
"In the past 30 years, globalisation featured 60,000 big companies,” Mr Ma said. “What if we can make hundreds and thousands of small businesses get involved? If we can make small businesses get involved in e-commerce [and] global trade, that would help a lot.”
Formerly a teacher, Jack Ma is the founder and chairman of the Chinese e-commerce behemoth Alibaba – a company that is rapidly morphing into a media and finance conglomerate.
"The internet was invented in America, but I'm sure Asia can make full use of it." Mr Ma reaffirmed the need for an "e-road", akin to the Silk Road, to help small businesses flourish.
Austrade has recently entered into a 'strategic partnership' with Alibaba which has just opened an office in Australia this year and Westpac reports that 29 per cent of Westpac’s SME customers believe their level of business activity has been stronger than experienced in the period between 2011 and 2015, 31% reported it was weaker. 40% reported it as being the same.(Source HERE)
Australia’s first Asian co-working space launches in Chinatown
Sydney's first Chinatown co-working space launched earlier this month offering Australia's first co-working space for Asian focused startups. With 650sq m space, this unique social enterprise is supported by NSW forJobs, City of Sydney council and Greater Sydney Commission chief commissioner Lucy Turnbull,
Haymarket HQ mainly accepts startups with an "Asian growth ambition", founder and developer Banna Property Group's Brad Chan said.
HCC congratulates Brad and warmly welcomes this exciting initiative with the many networks and opportunities this endeavor will offer. Find out more HERE
George Wing Kee;s Chinatown Culture and History Tour attracts a Record Group
Last week, George Wing Kee's famous and unique Chinatown Culture and Walking tours achieved a new record with over 70 participants from Epping West Primary School. Thank you to Amanda Dippenaar for organising this excited and animated group of teachers to attend George's personal tour and our thanks to HCC's Peter Bannister and volunteers.
Look out for George's Chinese New Year Tours in early 2017. To find out more click HERE
Thai Community Update
PHOTO: Thai Sydneysiders payed tribute to their deceased monarch. (ABC News: Ursula Malone)
From Sydney to San Francisco to London, the pain of thousands of Thais living across the globe was clearly felt after King Bhumibol Adulyade's death was announced on Thursday. Australia's largest Thai community was left devastated. Source: Bangkok Post
For more information about Haymarket or the Chamber go to:
- Haymarket Chamber of Commerce new website; www.haymarketchamber.org.au
- Haymarket Live Work Play Guide 2016 click HERE
- Chamber Chinatown Walking Tour Phone Application on iTunes HERE or Google HERE
- Facebook Haymarket Sydney Community
- Instagram: #haymarketlove
Make the most of 2016/17 and
JOIN /RENEW YOUR CHAMBER MEMBERSHIP