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Xinhua Silk Road: Eastern China city welcomes record-high foreign investment amid vibrant emerging industries

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BEIJING, Oct. 22, 2024 /CNW/ — After paid-in foreign investment renewed to a 20-year high last year, Jiangyin, a private economy-reliant city in east China, saw its January-August data of the kind surge to 1.16 billion U.S. dollars.

The city, as a pacesetter among comparable localities in Jiangsu Province, absorbed the eye-catching foreign investment from both old and new foreign investors eager to participate in its strategically emerging industries.

Boasting relatively resilient foundations for integrated circuit, new energy, high-end equipment, bio-pharmacy, and other industries, Jiangyin City embraced 44 new foreign-invested projects in the first eight months of this year.

For instance, the city welcomed in August a new investment project from Trustchip Korea, which planned to build its Jiangyin headquarters and semiconductor equipment assembly and production base there.

Upon operation, annual sales of the base is predicted to reach 350 million yuan. Its second phase mulls construction of the China-Korea chip valley industrial park, where a 3rd generation automotive-grade semiconductor module packaging and wafer factory is planned to be founded.

Together with Jiangyin City, the South Korean company endeavors to jointly build a new model that exemplifies vibrancy of the integrated circuit industry there.

As a miniature of foreign companies’ participation in the major strategically emerging industries of Jiangyin, 30 others such as Unilever and EDF also established new investment programs in Jiangyin this year.

Other “old friends”, referring here to existing foreign-funded enterprises in Jiangyin, scaled up their investment too.

After 10 million U.S. dollars of investment out of profits were in place in early 2024, Alfa Laval (Jiangyin) equipment manufacturing Co., Ltd. who has been running business in China for 30 years intended to upsize its investment by 10 million U.S. dollars next year.

All of these resulted largely from the city’s unremitting efforts in creating a fair, rule of the law-based, policy-leading and innovation-encouraging business environment for foreign-funded enterprises.

Under a 3-year action plan to pool foreign-funded enterprises’ regional headquarters, real rewards were provided to foster their investment expansion, R&D innovation and profits-based reinvestment in Jiangyin.

Currently, these business-friendly policies and life facilitation measures of six aspects regarding entry and exit, payment, working, living and travelling, consumption, education and medicare of foreigners are translating into pragmatic boosters for the city to attract more foreign investors.

Original link: https://en.imsilkroad.com/p/342713.html

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SOURCE Xinhua Silk Road

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ZTO to Announce Third Quarter Financial Results of 2024 on November 19, 2024 U.S. Eastern Time

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SHANGHAI, Oct. 22, 2024 /PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057) (“ZTO” or the “Company”), a leading and fast-growing express delivery company in China, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2024 after the U.S. market closes on November 19, 2024.

ZTO’s management team will host an earnings conference call at 7:30 P.M. U.S. Eastern Time on Tuesday, November 19, 2024, which is 8:30 A.M. Beijing Time on Wednesday, November 20, 2024.

Dial-in details for the earnings conference call are as follows:

United States:

1-888-317-6003

Hong Kong:

800-963-976

Singapore:   

800-120-5863

Mainland China:

4001-206-115

International:

1-412-317-6061

Passcode:

0501133

A replay of the conference call may be accessible through November 26, 2024 by dialing the following numbers: 

United States:   

1-877-344-7529

International:

1-412-317-0088

Canada:

855-669-9658

Passcode:

1609584

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://zto.investorroom.com.

About ZTO Express (Cayman) Inc.

ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057) (“ZTO” or the “Company”) is a leading and fast-growing express delivery company in China. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.

ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.

For more information, please visit http://zto.investorroom.com.

For investor inquiries, please contact:

Investor Relations
Tel: (86) 21 5980 4508
Email: ir@zto.com

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SOURCE ZTO Express (Cayman) Inc.

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Hisense’s Overseas Annual Revenue Surpasses $12.2 Billion USD

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Hisense Group Announces New Goals for the Future at 55th Anniversary

QINGDAO, China, Oct. 22, 2024 /CNW/ — Hisense, a leading brand in global consumer electronics and home appliances, announced a remarkable milestone with its overseas business revenue surpassing $12.2 billion USD in the fiscal year of 2023. This significant achievement was revealed at the Group’s 55th-anniversary celebrations, at which the company also unveiled its ambitious future goals.

Over the past five years, Hisense has significantly expanded its global footprint and achieved breakthroughs in technological foundation. The company’s acquisition of SanDen Corporation and development of AI picture quality chips were catalysts for growth, enabling Hisense to enter new markets and enhance its technological capabilities. As a result, Hisense’s overseas revenue has more than doubled since 2019, while in 2023 Hisense Group’s revenue surpassed $28.7 billion USD.

At the celebration event, Hisense Group Chairman, Mr. Jia Shaoqian, delivered the speech “Faithful as in the Beginning, Creating the Future”, introducing future goals, including becoming a high-quality development model by leveraging industrial clusters; transitioning towards green and low-carbon operations; expanding its global reach through transformation from China-centric to a truly global management model; and establishing a world-class enterprise and global brand.

“We continue to strengthen our core competitiveness in technology and products, leverage strong appeal in cross-cultural integration, and enhance global competitiveness in building a brand matrix,” emphasized Mr. Jia. “Hisense will persist in developing our own brands, aiming for the high-end market in resolutely striving to become world-class!”

With a focus on innovation, Hisense has dedicated approximately 5% of its annual revenue to R&D, with 30% of that investment directed towards pre-research. By prioritizing user needs and customer satisfaction, Hisense ensures that its products and technologies serve users and create value.

Hisense has established a strong global presence with 36 industrial parks and production bases, 30 R&D centers, and 64 overseas offices, forming a “5+1” network covering Europe, the Americas, ASEAN, the Middle East, Africa, and China. To drive growth, Hisense is accelerating its manufacturing footprint globally. In Africa, the company is establishing new production facilities, while in ASEAN and Latin America, Hisense is increasing localizing production and research capabilities. This strategic expansion will enable Hisense to better serve customers and strengthen its global competitive position.

With the vision of building a “Century-old Company”, Hisense is committed to ongoing improvements in corporate governance. By benchmarking against global best practices, fostering board diversity, and implementing a more robust structure, the company aims to enhance its governance level and accelerate its journey towards becoming a world-class enterprise.

About Hisense

Hisense is a leading global home appliance and consumer electronics brand and official partner of the UEFA EURO 2024™. According to Omdia, Hisense ranked No. 2 globally for TV shipments and No. 1 in 100″ TVs in both 2023 and H1 2024. The company has expanded quickly to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hisenses-overseas-annual-revenue-surpasses-12-2-billion-usd-302282894.html

SOURCE Hisense

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HSG Laser Boosts European Presence with Advanced Technologies and Comprehensive Service Network at EuroBLECH 2024

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HANOVER, Germany, Oct. 22, 2024 /PRNewswire/ — At EuroBLECH, HSG Laser, a global leader in metal shaping equipment and automation solutions, unveils its ambitious European growth strategy. This plan encompasses the launch of cutting-edge industry solutions and commitment to active engagement through local events. Aligned with the fair’s theme, “The Power of Productivity”, HSG showcases three advanced cutting technologies designed to elevate productivity and drive growth for its global customers.

Over the past six years, HSG has cultivated a strong presence in the German market, earning customer trust through dedicated local services. The Düsseldorf headquarters, a vital hub for sales, after-sales support, and logistics, features a showroom and well-stocked warehouse with a broad range of products and spare parts for fast delivery.

With an installation base of over 25,000 machines across more than 100 countries, HSG has gained a strong reputation in the global market by offering high-quality equipment at competitive prices.

GV: A Cutting-Edge 2D Laser Cutting Solution

After making its debut in the U.S. market, the GV model gains significant attention at the German fair. Equipped with a powerful 60kW fiber laser, this system can cut materials up to 10cm thick at speeds up to 400% faster than conventional 12kW machines. The GV integrates seamlessly into existing product lines and features an optional automation Tower for material handling, presenting an ideal choice for manufacturers aiming to maximize productivity at low cost.

X: Optimized Laser Cutting Machine for Space Efficiency

HSG also displays the X model, engineered to maximize processing efficiency within a minimal footprint. With a maximum linkage speed of 120m/min and acceleration of 1.5G, the machine delivers outstanding performance in a compact format, ideal for facilities with limited floor space. Safety remains a top priority, as the X model features a fully enclosed structure, optical density glass to shield against laser radiation, and enhanced safety measures to protect operators.

TX: Ultimate Solution for Heavy-Duty Tube Cutting

For industries including steel construction and bridge building, HSG’s TX offers unmatched capabilities. It processes heavy-duty tubes such as round tubes up to 36cm in diameter and 12m in length with precision, supported by HSG’s self-developed 3+1 Twin Chucks clamping system that minimizes waste and enhances cutting accuracy.

By presenting its state-of-the-art cutting technologies, HSG reaffirms its commitment to the European market, and to support its clients in achieving their manufacturing objectives.

View original content:https://www.prnewswire.co.uk/news-releases/hsg-laser-boosts-european-presence-with-advanced-technologies-and-comprehensive-service-network-at-euroblech-2024-302282455.html

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