Global Growth Advisors Opens Beijing Office, Partners with Local Chinese-American Firm to Help Advise on Asian Asset Acquisition and Management

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Leveraging the headquarters facilities of the Chinese-American firm ForeOpen, Global Growth Advisors (GGA) decided to open an office in Beijing, China. The two firms now have a presence in Pittsburgh, USA and Beijing but have distinct global businesses with little overlap. To date, ForeOpen concentrates on importing Chinese goods into the US while GGA concentrates in asset acquisition and management as it raises a $75 million fund.

Global Growth Advisors (GGA), a US-based consultancy announced that it is opening its first office in the People’s Republic of China. The young firm focuses on procuring global distressed assets in the wake of the global economic crisis and seeks both Chinese partners and potential acquisition opportunities. This year it began raising capital for a Hong Kong-based fund and the Beijing office will help advise on Asian assets. Global Growth works with Foreopen LLC, a Chinese-American company with offices in Beijing and Pittsburgh to spot opportunities from health care to real estate. “The trends point to Chinese companies investing dramatically more of their profits overseas and we can help them with our network on 5 continents,” stated Roozbeh Aliabadi, Managing Partner at GGA. Mr. Jianmin Liu, the Managing Director of Foreopen LLC, China spoke positively about the new tie-up, “we are impressed with the long-term vision of Global Growth Advisors which is rare amongst America firms.”

“I am overwhelmed by the size and scope of Chinese growth since I began working there in the 1990’s and I look forward to building this burgeoning relationship with Mr. Liu and his team.” On the US-side of Foreopen LLC, founder Andrew Hang Chen who successfully imports several products from China, sees more trade moving the other direction: “the Chinese consumer wants the best and many times, those niche products are still made outside of China presenting great opportunities for the U.S.”

About Global Growth Advisors:
About Global Growth Advisors, LLC
GGA specializes in advising clients and investing in international opportunities through its broad network and years of global experience in recently developed and emerging markets. GGA is an international consulting firm headquartered in Pittsburgh, Pennsylvania, USA with a satellite office in Beijing, China. In addition to advising, GGA also finances and invests in start-up technology firms in the US and Europe, coaches management to entrepreneurial companies and embraces unique opportunities when they arise.

About Foreopen LLC:
Foreopen focuses on providing business services for the U.S. and China, including marketing entry, strategy consulting, partnership seeking, and investment. Industry areas include education, manufacturing, renewable energy, trade, investment, and intellectual property protections. In the US, Foreopen’s subsidiary English to Chinese Translation, LLC (http://e2ct.com), provides professional translation service. In Pittsburgh area, Foreopen invested into WholeRen Education LLC, to bring more Chinese high school and college students.

Foreopen is the economic liaison of the largest Chinese city, Chongqing, with 32 million people in the USA, to do bilateral business, investment, and trading between Chongqing and U.S.

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Todd Palcic
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