China Paradigms

Matthieu David interviews Michael Chiao, a Founding Partner at MEGI and Axel Standard. Finance and accounting management are important for companies as they weigh heavily in decision-making. That’s why MEGI, cloud-based accounting software has seen a great subscriber count since it’s creation. But is there a local market for such software? Are Chinese companies getting this type of management done internally or are they moving towards streamlining it? Find out the answers to these questions and more in this new China Paradigm interview. 0:00 Guest introduction 2:55 MEGI – brief company history 4:33 The coronavirus outbreak - growing the company in uncertain times 7:10 MEGI - current client base 8:03 Small numbers or niche numbers - what is MEGI's focus demographic? 9:35 Foreign companies vs Local companies in China - the culture difference in finance management 13:42 Do Chinese companies do analog SaaS services internally? 17:23 Are Chinese small and medium companies changing the way they manage their busin