How much time and money would you save if you could virtually screen and shortlist potential suppliers in China immediately, even before a formal physical audit.
All registered companies in Mainland China, have their legal and admin information available online on government databases like National Enterprise Credit Information Publicity System (国家企业信用消息公示系统) or in more accessible and organized via private app like Tian Yan Cha ( 天眼查). Tian Yan Cha is far more convenient to use and provides more advanced features using government and other types of sources all together.
With just a company official name (企业名称), a Business License Registration number (注册号) or an Uniform Social Credit Code (统一会信用代吗) you can get an interesting first due diligence report, including:
- company information (工商信息)
- incorporation date (成立日期)
- registered capital (注册资本),
- shareholders names and structure (股东信息)
- legal representatives (法定代表人)
- management executives (高管)
- business scope (经营范围)
Downsides: Tian Yan Cha 天眼查 website (www.tianyancha.com) and its app are only available in Chinese. And you would need a VPN to access it outside China. Which in both cases, when you do not speak Chinese or not have a team in China, might be a hassle.
The good news is that we at QCADVISOR are using it everyday to cross check factory audit reports information (like business license and other information provided by the supplier) or help our customers verify manufacturers in China before they start the formal due diligence.
The other good news is that we have created an easy form on our website for you to request a company verification check. (For free of course)