Shanghai and Government Regulations

capital investment: Despite the booming interest, starting up a business in a foreign city is not easy, as expat entrepreneurs need to overcome barriers of language and cultural understanding and adhere to government regulations, according to Global Times China. The Global Times talked to three foreign entrepreneurial businesses about their experiences in creating foreign-owned businesses in Shanghai, to learn their insights into handling the challenges they encountered. According to the Shanghai Municipal Commission of Commerce, Shanghai total contracted foreign capital investment was worth US$58.9 billion in 2015, almost 86 percent up on the previous year. Event specialists Scot Jordan Campbell came to Shanghai around 10 years ago just after graduating in the UK, and he worked for a large international spirits company for six years. Campbell told the Global Times there was a real need in the market across China for specialized event-creation services. "Most events I attended were similar to each other, and people didn't feel that the brand was connected with them," Campbell said. "So the idea started to come that we needed an event company and promotional agency like we had in the West, where there was excitement, involvement and interaction."Though his company is only four years old, it has been growing at a relatively fast pace. "We have been very lucky, because most young businesses need two to three years to become stable and not lose money. In 2012, he set up his own company, Verve International a company specializing in events, exhibitions and brands. (news.financializer.com). As reported in the news.