Tech

Shanghai's Yangpu district turns to small tech companies to complete growing digital ecosystem

Xue Wan, party secretary of Yangpu district, once known for heavy industry, said at a press conference on Friday that the district is looking to achieve a cluster effect by fully mobilizing capital, talent and technology to drive innovation and strengthen the local economy.

“We aim to build 12 industrial chains related to digital technology,” he said, referring to the chains of companies involved in running big tech platforms, such as online payment processors and delivery companies. Attracting big companies to set up operations alone is not enough to stimulate the digital economy.

He said artificial intelligence and internet technology will be two key areas in which Yangpu will target to build world-class businesses as Shanghai strives to become a hub for technological innovation.

The secretary did not elaborate on which tech startups and software developers Yangpu was targeting, but said traditional manufacturing companies would also be welcomed because they could improve production and marketing efficiency by digitizing their operations.

01:39

Chinese President Xi Jinping visits Shanghai for first time since COVID-19 outbreak

Once considered a rust belt region centered on shipbuilding, textiles and power generation, the city of 1.2 million has developed into a technology powerhouse, home to everything from e-commerce and delivery service platforms to computer software design firms.

According to Xue, the district is currently home to about 7,000 high-tech companies, whose revenue accounts for more than half of the total sales of all companies based there.

It also generates taxes amounting to one-third of Yamps' fiscal revenue, he added.

Yangpu District, one of Shanghai's 16 districts, has 15.5 kilometers of coastline on the west bank of the Huangpu River, known as the East Bund.

District officials said last year that they were targeting Chinese and overseas technology companies, as well as top talent, in establishing the innovation belt.

Last May, the city of Yangpu announced it would offer up to 15 million yuan (US$2.1 million) to attract promising tech companies to its coastal area.

Yangpu is also banking on educational resources such as major national universities Fudan University and Tongji University, which are located around the Wujiaochang area.

The Shanghai Technology Exchange, China's first permanent market for trading intellectual property and technology, is also based in Yangpu.

The exchange is one of three national-level exchanges, along with the Beijing-based China Science and Technology Exchange and the Shenzhen Stock Exchange, that offer technology trading services in China, allowing mainland Chinese companies to buy tech-related intellectual property rights and research results from owners such as universities and scientific researchers.

It has recorded transactions worth RMB 7.1 billion so far this year.

Xue is also focusing on attracting foreign direct investment to Yangpu through efforts to fine-tune the city's business environment, including cutting red tape and offering financial assistance.

Shanghai, mainland China's commercial and financial hub, is aiming to achieve another 5 percent economic growth this year and has pledged to offer loan and land-use support to foreign investors.

The city's mayor, Gong Zheng, said at a press conference in January that the increase in foreign direct investment, which hit a record high last year, would effectively support the city government's economic recovery efforts in 2024.

The city attracted $24 billion in foreign investment last year, just above the previous record of $23.96 billion set for 2022.

Sources

1/ https://Google.com/

2/ https://www.scmp.com/business/china-business/article/3266657/shanghais-yangpu-district-eyes-smaller-tech-firms-complete-its-growing-digital-ecosystem

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos