The electronic components industry has long grappled with excess inventory, escalating inventory management costs, and tying up valuable company liquidity. Excess stock often results from inadequate production and procurement planning, customer order cancellations, abrupt halts in research and development projects, project changes, and declining orders. The accumulation of surplus inventory and capital constraints significantly hinder a company's growth and can severely impact overall operations. As a one-stop trading platform, Vadas Buy (www.v-buy.com) offers a comprehensive solution to solve the issue of excess electronic components, providing new opportunities to businesses. Established in 2007, Vadas Buy is a subsidiary of Vadas, a leading hybrid distributor of electronic components. With a strong focus on enhancing circulation efficiency in the electronic components industry through intelligent technology, Vadas Buy delivers tailor-made solutions to address your excess inventory challenges, freeing up both capital and valuable warehouse space. With over a decade of relentless dedication, Vadas Buy has amassed extensive experience, collaborating with over 2,000 manufacturers and attracting more than 6,000 registered platform users. Additionally, we've established connections with over 4,000 downstream demand customers, resulting in cumulative transactions exceeding $42 million USD. Vadas Buy pioneers a three-in-one solution model that promptly responds to pricing through competitive bidding, offering a one-stop service to minimize losses caused by surplus inventory while maximizing its value: Direct Buy & Sell Model: Companies submit their stocklist, and Vadas Buy evaluates and provides prompt feedback quotes. After reaching an agreement, a contract is signed, followed by an on-site inspection and secure payment. This model ensures swift sales of excess stock with secure payments and hassle-free single-item packaging. Joint Venture Model: Vadas Buy collaborates with customers, conducting on-site inspections and signing contracts, providing price feedback, and completing transactions with payment. This method offers relatively higher prices and broadens market channels to reach a wider range of downstream customers. Consignment Model: Companies submit a stocklist to Vadas Buy, agreeing on pricing, and the factory ships the surplus. Upon receipt, Vadas Buy promotes the surplus globally to complete the transaction with payment. This model provides relatively higher prices, a superior capital recovery rate, free return services, and professional excess inventory management. With its global platform, powerful database management, efficient and secure logistics, and real-time consultation services, Vadas Buy assists companies in finding suitable buyers, swiftly analyzing market demands, and optimizing recovery value. Whether a company prioritizes speed, high value, or broader market channels for surplus inventory, Vadas Buy offers multiple solutions to unlock the maximum potential of excess stock. In summary, Vadas Buy serves not only as a partner in solving inventory challenges but also as a driving force propelling the electronic components industry forward. Choose Vadas Buy to maximize the value of your inventory, reinforcing sustainable growth for your business. Vadas Buy: Your Expert in Resolving Excess Electronic Components.

(JW Insights) Jun 16 -- China will draft new policies to promote the development of industrial internet, a tech frontier where all major economies are scrambling to establish a beachhead, the country’s top industry regulator Ministry of Industry and Information Technology (MIIT) said on June 15, according to China Daily. The comments came as the industrial scale of China's industrial internet exceeded RMB1.2 trillion ($167.7 billion). Zhang Yunming, Vice-Minister of MIIT, said in a speech at the 2023 Industrial Internet Conference in Suzhou, eastern China’s Jiangsu Province, that industrial internet is an important cornerstone of the fourth industrial revolution, a key foundation for the deep integration of the digital economy and the real economy, and a strategic infrastructure for new industrialization. Zhang called on local governments to increase collaboration with the ministry, and strengthen policy coordination and support in funding, technology, talent and data, in order to continuously optimize the policy environment for the innovation and development of industrial internet. Facing new situations, tasks and requirements, the ministry will study new policies to promote the high-quality development of industrial internet, Zhang added. According to him, as of now, China has nurtured 240 influential industrial internet platforms, and 28 of them are cross-industry and cross-domain platforms. Moreover, the country has built a comprehensive identification and analysis system for industrial internet, which has covered 31 provincial-level regions, serving over 260,000 enterprises, said the China Daily report.

(JW Insights) Jun 16 -- China’s spending on cloud infrastructure services grew 6% year-on-year in Q1 2023, reaching $7.7 billion and accounting for 12% of global cloud spend, said a Canalys estimate on June 15. Demand for cloud migration remained sluggish in China, with single-digit growth persisting for a third consecutive quarter. Chinese enterprises are cautious with IT budgets in the wake of a drop in pandemic restrictions, which reduced the need for remote work and online meetings. The slowdown in cloud consumption by existing customers and limited cloud investments from new customers resulted in slow-downed China’s cloud market growth rate, said Canalys. However, as ChatGPT sets off a wave of demand for AI, generative AI and AI Foundation Models are becoming highly sought after, and this is expected to unlock new growth opportunities in the cloud service market. Enterprises in China have shown limited enthusiasm when it comes to cloud adoption, predominantly focusing on the operational cost benefits cloud brings. A number of Chinese cloud vendors recently announced price reductions for their cloud services, with the goal of lowering the entry barrier for cloud adoption. More vendors are also starting to invest further in building cloud partner ecosystems in China. Cloud partners can help vendors cost-effectively access a wider customer base, particularly among small and medium-sized enterprises (SMEs). The leading players in China’s cloud infrastructure market maintained their market positions in Q1 2023. Alibaba Cloud, Huawei Cloud, Tencent Cloud, and Baidu AI Cloud remain as the top four vendors. Together, they accounted for 79% of total expenditure in China, with an increase of 6% year-on-year, said Canalys. While the focus on PaaS product portfolios has been increasing among many vendors since last year, China’s cloud services market is still dominated by Infrastructure-as-a-Service (IaaS). In Q1 2023, IaaS accounted for over three-quarters of the overall China cloud services market.