An alliance of private-sector companies will establish offices in Europe to aid and advise other Chinese companies investing in the continent.The Aigo Entrepreneurs Alliance will see its members move into London and Brussels in the coming months.

Feng Jun, president of Aigo Digital Technology, who founded the alliance in June 2011, said private companies should help each other expand overseas.The alliance has about 100 members, with many more set to join, including companies that have already set up an overseas presence.

Chinese companies are increasingly investing overseas. More than 13,000 domestic enterprises had invested in 178 countries and regions by the end of 2010, according to the Ministry of Commerce.

Outbound direct investment for 2011-15 is expected to register double-digit annual growth to $560 billion, matching the nation's foreign direct investment, the ministry said earlier this year.Chinese companies expanding overseas, apart from seeking trade opportunities, will also create jobs and help fend off protectionist measures.

He also feels that overseas subsidiaries of Chinese businesses must create value for local communities. Consequently, Feng encourages the alliance's members to expand through joint ventures with foreign companies, rather than acquisitions.

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