Viewpoint: Small giants, international e-SMEs

Shayan Hazir, head of business banking, Asia Pacific, global payments and cash management, HSBC Hong Kong, says new tech-savvy SMEs can offer a range of opportunities for expanding MNCs.

To many larger corporations, SMEs may not be of particular interest possibly used as local suppliers, but not typically perceived as potential global business partners or competitors. With regard to a particular new type of SME, this assumption is no longer valid.

Within just the last decade, a new breed of SMEs has emerged. Unlike ’traditional’ SMEs, which are primarily local in their outlook and customer base, these new SMEs are global operators that make extensive use of e-commerce solutions. Their avid adoption of technology has also allowed them to maximise the business agility inherent in their relatively small size to support their atypical business...

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