Chengdu Hi-Tech Zone to invest RMB30 billion in five years
Chengdu is upping the hi-tech stakes after unveiling six projects and pledging to invest RMB30 billion in building 50 R&D institutions in the next five years.
The six projects comprise Chengdu Minshan Hydrogen Energy and Carbon Neutralization Technology Research Institute; Chengdu Minshan Integrated Positioning and Navigation Timing Technology Research Institute; Chengdu Minshan Power Semiconductor Technology Research Institute; Chengdu Minshan Microelectronics Advanced Enclosure Technology Research Institute; Chengdu Minshan Cell Engineering Technology Research Institute; and Chengdu Minshan West China Medical Surgery Robotics Research Institute. They will be backed by RMB450 million in funding.
The number of enterprises on the science and technology innovation board is also regarded as one of the important indicators of regional science and technology innovation strength. Since this year, enterprises in Chengdu Hi-tech Zone, such as Olymvax Biopharmaceuticals Inc., GIMI and Zongheng Stock, have successively landed on the science and technology innovation board. So far, there are 45 enterprises listed and passing reviews in Chengdu Hi-tech Zone, including 5 listed companies on the science and technology innovation board.
Centering on the three leading industries of electronic information, biomedicine and new economy, Chengdu High-tech Zone has attracted 128 Fortune 500 companies such as Intel and BOE, and introduced 11 ten-billion-yuan projects last year, involving companies such as Tencent, Baidu, and ByteDance.
In recent years, the zone has introduced six Nobel Prize winners, 20 academicians, and 328 national high-level talents, and nearly 150,000 enterprises from different industries have set up a presence, including more than 56,000 tech companies.
Chengdu High-tech Industrial Development Zone was set up in 1988, and in 1991, was approved as one of the first national high-tech zones. In 2006, it was listed as a pilot zone by the Ministry of Science and Technology and in 2015, approved by the State Council as the first national independent innovation demonstration zone in West China, according to China Briefing.
In February, Chris van Duijn was selected, alongside GMP, as the winner of the Chengdu Future Science and Technology City Launch Area Masterplan and Architecture Design Competition (click here). The 4.6sq km masterplan, designed for the innovation industry in collaboration with CAUPD and Swooding, has been conceived as a pilot project to drive the development of the city around the new airport east of Chengdu.
OMA and GMP will develop the first phase of the overall masterplan, which will include an International Educational Park in the west led by OMA, and a Transit Oriented Development (TOD) in the southeast led by GMP.
NYSE-listed Xinyuan Real Estate Co. recently announced completion of five newly constructed properties, including Chengdu Xinyuan City.
Located in Shu Du New Town in the Pi Du District, Xinyuan City is surrounded by natural resources and offers various commercial facilities and leisure amenities, and is near the Medi River, Municipal Park, Knowledge Park, Cuckoo Park, and Chuangzhi Park.
A massive replica of the sunken ocean liner is now under construction in Daying County in Sichuan province, around 130kms from Chengdu, according to CNN Travel. Dubbed 'The Unsinkable Titanic', the ship is the exact same size as the original, 269.06 meters (882 feet) in length and 28.19 meters (92 feet) wide.
Chengdu, located in south-west China with a population of 20 million, is the seventh wealthiest city in China.
BT and Microsoft unveil strategic partnership
BT and Microsoft have launched a strategic partnership to accelerate innovation across enterprise voice, cyber security and industry-focused services in sectors from digital manufacturing to health.
BT has already been named one of the first development partners for Microsoft Operator Connect and Operator Connect Conferencing. The renewed agreement will allow BT to build on this relationship and offer its own branded global managed voice services directly through Microsoft Teams, with an approach that further enhances customer experience and creates new opportunities for growth.
The strategic partnership will build on BT’s existing portfolio of cyber security services built on Microsoft technology. It will see the companies push forward with the design and launch of a new generation of managed security services to enable and protect the modern collaborative workplace. BT will work closely with Microsoft to develop distinct security propositions to defend customers’ operations across the cloud as well as its own IT estate.
Sustainability and collaboration on digital skills are integral to the partnership. BT and Microsoft will work together on further enhancing sustainability credentials within their supply chains and join forces on promoting digital skills in the communities.
“BT and Microsoft are at the forefront of innovation in global digital platforms and connectivity that will take technology and communication beyond limits,” said Bas Burger, CEO of Global at BT and executive sponsor of BT’s partnership with Microsoft. “This partnership will ensure all of Microsoft’s solutions work ‘Best on BT’ and support both companies’ commitments to improving digital skills in the community.”
Omar Abbosh, corporate vice president of industry solutions at Microsoft, said: “BT can use Microsoft’s cutting-edge tools to develop new communications services that meet the needs and demands of today’s customers. By aligning our visions for communication, connectivity, security and digital technology, Microsoft and BT will support real growth for businesses across the world.”
Microsoft's vision is to transform construction and built environment businesses with design innovation, a supply chain you can control, and a connected, safer, more productive workforce.
Microsoft recently unveiled strong results for the quarter ending June 30:
- Revenue totalled $46.2 billion, up 21%
- Operating income was $19.1 billion, up 42%
- Net income was $16.5 billion, up 47%
- Diluted earnings per share was $2.17, up 49%
For the year, revenues totalled $168.1 billion (up 18%), operating income hit $69.9 billion (up 32%), net income was $61.3 billion GAAP and $60.7 billion non-GAAP, and increased 38% and 37%, respectively.
“We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business,” said Satya Nadella, chairman and chief executive officer of Microsoft. “Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises we’ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years.”
In a trading update last month, BT reported profit after tax £2m, down £446m, due to a "one-off tax charge in the quarter to reflect the remeasurement of deferred tax balances following the enactment of the new UK corporation tax rate of 25% from April 2023".