What is the abbreviation of jv?

Jv is the abbreviation of joint venture. It means that the manager of a joint venture is the management, and joint venture is an effective way to enter new markets quickly and at low cost. A common form of joint venture is that large multinational companies cooperate with enterprises in the country where they operate, so that they can penetrate into the market of that country more easily.

Joint venture background

Jointventure, also referred to as joint venture, is generally defined as the establishment of two companies with the same investment capital, each of which owns part of the equity, and jointly bears the risk of profit and loss and the control of the company. Unlike strategic alliances, strategic alliances have nothing to do with the company's equity and are not so rigorous in form.

Joint ventures are very common in oil companies, and are often established in the form of cooperation between a domestic company and a foreign company, three quarters of which are international enterprises. Through this form of cooperation, domestic companies can obtain the technical equipment they lack, and foreign companies can also take advantage of their familiarity and political relations with the country.