Property News · April 9, 2018

When bricks and mortar meet hi-tech: Evergrande’s US$15.9b fare on the technology bandwagon


China Evergrande Group, one of China’s largest developers, announced a 100 billion yuan (US$15.9 billion) foray into the country’s hi-tech industry, echoing President Xi Jinping’s call to make China a global tech powerhouse.
The company said it would invest over 10 years in biotech, aeronautics and astronautics, integrated circuit, quantum technology and artificial intelligence. The announcement was made on Monday during an event in Huairou, a county of Beijing, in cooperation…

Source : South China Morning Post
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