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Delegation from STU Business School Won a Grand Award in the 2013 Asia Venture Challenge
Tuesday, 19 March 2013 11:47


Three students from STU Business School, specifically Liu Shihua, Zhao Jiaqi and Zhao Ke formed a delegation called “Forerunner”, to compete in the 2013 Asia Venture Challenge at Bangkok, in Thailand, which was held from March 6 to March 8. They won the MAI Challenge Round Winner award and a nomination for the Social Impact Award by John E. Butler, for their outstanding performance. Of the three participating students, one is a freshman of MBA, the other two are juniors from Accounting and International Trade respectively. They were under the guidance and expert tutelage of Professor Wu Jingqiang.


The annual Asia Venture Challenge is one of the most acclaimed venture competitions in Asia. Its Grand Champion will get the opportunity to participate in Venture Labs Investment Competition, representing Asia, in the month of May. The competition is proposed to be held in University of Texas in the US. The 2013 Asia Venture Challenge was hosted by Thammasat University in Thailand. Twelve teams were selected for the semifinals. The selected 12 teams came from top Business Schools of various Asian countries, including China, Thailand, Philippines, Singapore, Korea, India, Hong Kong and Taiwan, respectively. This is the first time that a delegation from STU has achieved success in making it to the semifinals. The theme of their entry project was, “Low-carbon-lifestyle.com”, aiming at three chief objectives, by establishing a network platform where people would get gifts in exchange of points earned by them. The first objective was that it encouraged domestic consumers to perceive and develop their common sense with regard to low-carbon lifestyles as well as put it into practice. Secondly, it attracted the inflow of environmental NGOs and enterprises that produce low-carbon and energy-saving products. Thirdly, it stimulated customers to buy environmentally friendly products and participate in community environmental activities. Through the project, they wanted to express that the ultimate purpose was to gain benefits in both, the economy and in environmental protection, by reducing carbon emissions, one-step at a time. The judges, organizers and other international teams appreciated this project for its innovative and environmental concept.


The delegation from STU benefited a lot from comprehensive exchanges with the teams from all over Asia, during the course of the competition. While enjoying Thai customs and hospitality, the delegation imbibed a better command over business acumen and knowledge. In addition, it broadened the participating students’ international perspective and enabled them to accumulate valuable contacts. The competition has enhanced the interaction of students of STU with their counterparts from top international business schools and helped them to assimilate precious experience in international business case competitions.



Translated by Lai Jinmei
       Department of Foreign Languages and Literature