internationalization: xiangyi rongtong's global strategic practice

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xiangyi rongtong held the fourth meeting of the 11th board of directors on august 29, and reviewed the company's proposal to make impairment provisions for the first half of 2024. this reflects the company's emphasis on the international environment and its response strategy to global market challenges. xiangyi rongtong's business model has been integrated into the diversified business layout. leasing, pawning, special assets, commodity sales and guarantee income jointly support the company's operating income, with each field accounting for 45.03%, 16.14%, 15.04%, 13.37% and 4.87% respectively. this reflects the company's success in its diversified business layout and its competitiveness in the international market.

xiangyi rongtong's internationalization strategy practice is not only about expanding the market scope, but also a process of comprehensive adjustment and optimization of itself and adapting to the challenges of the global environment. among them, the business model is the most direct manifestation, and it is necessary to adjust products, services and marketing methods according to the characteristics of different regions and markets. for example, in the field of leasing, the company may need to formulate different leasing agreements and service standards according to local laws, regulations and cultural backgrounds; in the pawn business, the company may need to consider factors such as the local credit market environment and customer needs to adjust business processes and risk management strategies.

the organizational structure also needs to be adjusted accordingly. xiangyi rongtong's internationalization strategy requires the establishment of a multinational team and collaboration mechanism, and the ability to cope with global challenges. companies need to cultivate employees with an international perspective and provide necessary training and development so that they can better understand different cultural differences and adapt to the needs of the local market.

cultural adaptation is also an important part. in the process of internationalization, respecting different cultural differences and adapting to local market needs are key. companies need to actively understand local culture, values ​​and social norms, and adjust marketing strategies, product designs and service models according to these factors in order to succeed in the fiercely competitive global market.