iDream Space is building bridges between Chinese and American companies and entrepreneurs by providing a unique one-stop service for its members. According to iDream Space CEO, Abo Wei, there are many challenges of transitioning from best practices of business operations in China to deploying best practices in the US. As being the gateway to all of Asia, the LA region was selected as an asset to serve most iDream Space clients with thorough vetting of business service providers in the area.
The standard processes for opening a business anywhere includes finding an attorney, accountant, real estate agent, and possibly human resources professionals or freight services. iDream Space has defined the processes of doing business between China and the US into 130 categories. With the increased interest by Chinese companies in the US market – as well as US interest in the Chinese market – finding these reputable service providers can be a daunting task. Foreign business owners have lost thousands of dollars by working with unscrupulous service providers. iDream Space, through its thorough vetting and matchmaking service, eliminates this headache by being a trusted resource for both US and Chinese companies looking to enter the international market.
Implementation of the iDream concept began in 2016 when investors purchased a 40,000 square foot warehouse in the City of Industry. Operations began and doors opened one year later, in October 2017. The anticipated goal was to have 200 clients within one year; the team reached this goal 2 ½ months after opening – in December 2017.
Without resembling a warehouse at all, iDream’s two story co-working and incubator space is full of color and whimsy in its décor – designed by an interior designer and with input from the company’s 20 employees. Visitors are welcomed into a cozy lobby with a colorful painted wall mural of the world, with the “iDream bridge” being the connector between continents. iDream Space chose the City of Industry based on the central, international hub that the city provides. Many international companies are located there, with easy transportation access to anywhere in LA, Orange, San Bernardino and Riverside counties due to its close proximity to multiple freeways.
The transformed warehouse provides the added bonus of a co-working space with small offices and open desk space available for its clients. Co-working space clients range from media companies to real estate services. It’s a plus for out-of-area clients to have a central location where company representatives can meet after the iDream team have made introductions, reserve office space if needed, or utilize one of the many on-site conference rooms. iDream even has an on-site media team for photo opportunities between business negotiations and contract signing.
The media team is particularly handy for iDream’s clients using their event space. A spacious room with a conference table, bar tables, two truck chassis converted to seated lounge spaces, two bar spaces, a stage and a pool table make for an exciting backdrop for company events. The design is bright, open, colorful, and accentuated by three British phone booths and four life size replicas of the Transformers. Events have included product release events and fashion shows, with LinkedIn, Yelp, and Keller Williams being some of the most recent users of the space. It’s becoming a popular venue, averaging 15-20 events monthly.
iDream Space is breaking new ground in minimizing the distance between Chinese and US businesses, with full service, one-stop-shop operations, experience and knowledge resulting in being a trusted resource, all while providing accommodations and amenities for growing local and international businesses. They are setting the stage to provide matchmaking, networking, and business expansion in international enterprise operations.