Tag Archives: Hi-tech

Services pumping in hi-tech Guangzhou

More detail is dribbling out in local media after Guangzhou reported strong GDP numbers last week. One of the clear standouts was growth in the services sector, especially the so-called “modern services industry”, which is dominated by software and other IT-related services.

Although the city is often thought of as a bastion of heavy industry and manufacturing, while Shenzhen is usually described as the “tech hub”, Guangzhou’s economy is increasingly being driven by software and other IT-related services. According to official data, this sector accounted for 68.6% of Guangzhou’s GDP in the first three quarters, an increase of 0.1% over the first half of the year. Its added-value was up 15.5% YoY.

Continue reading Services pumping in hi-tech Guangzhou

Dongguan youth base launched

The Songshan Lake Hong Kong and Macau Youth Innovation and Entrepreneurship Base is now open, with 40 start-up projects at its launch over the weekend. Only 15 of these are actually from the two SARs, the rest being local startups engaged with SAR partners, in projects such as smart wearable devices, smart cities, new energy, medical devices and e-education. 

The base is connected to other innovation and incubation centers in Songshan Lake, including the International Robotic Industrial Base, Guangdong-Hong Kong-Macau Cultural Innovation Industrial Park, Hi-Tech Entrepreneurship Base, and Hi-Tech Creative Space. 

Initiated by Professor Li Zexiang from the Hong Kong University of Science and Technology (HKUST), the robotics base was the first provincial-level incubation demonstration base in Dongguan. Launched in 2014, it is home to 57 enterprises and 33 start-up teams, including 10 enterprises with founders from Hong Kong. The robotic base has also cooperated with Dongguan University of Technology, Guangdong University of Technology and HKUST to build a Guangdong-Hong Kong Robot Academy which currently has 400 students. 

The Cultural Innovation Park was initiated in 2010. It is home to 5 projects including comics, sports and communications. 

The Hi-tech Entrepreneurship Base in Songshanhu is seeking cooperation with the world-class incubation platform FoundersSpace and plans to introduce projects like Natilus, SeeVider, and Taikwan Tech. 

The Hi-Tech Creative Space is being jointly operated by Hong Kong and Dongguan with the plan to cultivate unicorn companies in the sectors of AI application, smart robotics, AI education, and Synapse Auto robots. 

Read morein Chinese. 

Shenzhen to add 2,000 tech firms

The Shenzhen Hi-tech Zone began as a patch of 11.52 sq km in the Nanshan district and has mushroomed, particularly over the past decade. This widely known fact was recognized in April this year, when the “zone” was officially expanded to 159.48 sq km, covering not only Nanshan but the Pingshen district as well. (To understand what exactly a Hi-tech Zone is, read our explainer.) 

Now, the city government has announced that, far from resting on its laurels as the tech capital of southern China, it plans to accelerate the development of this zone. In so doing, it plans to attract and/or develop no fewer than 2,000 new hi-tech enterprises this year. These will be focused on building commercial applications for AI, new energy, integrated circuits, robotics, and new materials. 

At the same time, Shenzhen will focus on building an integrated supply chain in the hi-tech sector, starting from basic research, through manufacturing and financing. It will also construct a number of key scientific and technological infrastructure projects and build a number of key laboratories and pilot bases. These will include high-level innovation incubators, research institutes, and a group of professional technology service institutions.

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