SAGE's Beijing office becomes wholly foreign owned enterprise
SAGE’s office in Beijing is now a wholly foreign owned Enterprise (WFOE) in China, under the name of SAGE Consulting (Beijing) Co. Ltd.
SAGE has had a presence in the Asia Pacific region since 2006 when it opened a regional headquarters in Singapore, before opening a representative office in Beijing in 2007. SAGE says that it now has over 30 employees in the region. Establishing SAGE as a WFOE is expected to provide a more permanent presence in the Asia Pacific region, enabling SAGE to continue to provide a local platform for the global dissemination of research.
'In the last few years since setting up the Asia Pacific HQ, SAGE has made a significant impact in various countries especially China, including forming new publishing partnerships with several leading Chinese publishers such as Chongqing University Press, Truth & Wisdom Press and East China Normal University Press to translate SAGE content within the Research Methods discipline and with Beijing Normal University Press, to publish a series of books in Chinese,' said Paul Evans, managing director, SAGE Asia Pacific.
He continued: 'Becoming an approved WFOE in the Chinese market will help us to further deepen and establish our business in China and support the publication of both local and international research as well as education content. Our decision to establish SAGE Asia Pacific as a WFOE in China is a reflection of our commitment to the growth of this important economy and its place in our future.'