Alibaba Invests in Chinese Tourism Website

Xinhua HANGZHOU, July 16 (Xinhua) -- E-commerce giant Alibaba announced on Tuesday that it has made a "strategic investment" in Qyer, a leading tourism website in China.

The amount of the investment was not disclosed.

Qyer can provide quality overseas travel packages to Taobao Trip, a flight and hotel aggregator under Alibaba's flag, according to people familiar with the matter.

Qyer, founded in 2004, provides travel guides and online forums to about 10 million users.

Alibaba has made a string of deals with emerging IT companies lately, including investments in Sina Weibo, Amap and Xiami Music.

ICBC Becomes Partner of Nanjing 2014

The Signing Ceremony for Exclusive Banking Partner of Nanjing 2014 Summer Youth Olympic Games (Nanjing 2014) was held on 20 July 2012 in Nanjing International Conference Centre. Industrial and Commercial Bank of China (ICBC) formally signed the agreement to be the Exclusive Partner in the banking category of Nanjing 2014, making it the first state-owned key enterprise among the partners of Nanjing 2014.

Leaders present at the Signing Ceremony included Mr. Liu Yi'an, Member of the Standing Committee and Secretary General of the CPC Nanjing Municipal Committee and Executive Deputy Secretary General of Nanjing Youth Olympic Games Organising Committee (NYOGOC). Other municipal leaders included Mr. Dai Hua, Mr. Xu Jinhui and Mr. Qi Lu, and Mr. Huang Jixian, President of ICBC Jiangsu Branch. The ceremony was presided over by Mr. Xu Jinhui. Mr. Qi Lu, Deputy Secretary General of NYOGOC, and Mr. Chen Ping, General Manager of Business Department of ICBC Jiangsu Branch, on behalf of their respective party, signed the Sponsorship Agreement for Banking Partner of Nanjing 2014 Summer Youth Olympic Games.

Mr. Liu Yi'an pointed out in his speech that ICBC was the largest commercial bank in China. It ranked first among the five largest banks in China and had established its vision of becoming a first-class financial enterprise in the world. ICBC was well-matched to the Youth Olympic Games (YOG), which was a top-level sports event in the world with global influence. The YOG, a worldwide sports gala, had attracted outstanding enterprises such as ICBC, and through its appropriate marketing programme, the demand of the Games for funds, materials and services would be satisfied and strike a financial balance. In return, the YOG provided a high-end platform to boost the brand image of outstanding enterprises.

As President of ICBC Jiangsu Branch, Mr. Huang Jixian said, it was a great honour and responsibility for ICBC to become the Exclusive Banking Partner of Nanjing 2014. ICBC would continue to improve its products and actively fulfill its commitment to providing financial support and banking services for the Nanjing 2014 as stated in the agreement. In addition, ICBC would endeavour to integrate the Olympic spirit into its corporate culture to add youthful vigour and internationalised elements to its brand and create a favourable financial environment for the gala of Nanjing 2014.

Tencent and Foxconn Co-invested 11.6 Billion RMB to Build Smart Electric Vehicle Production Plant in Nanjing

According to news from Wall Street Journal of the United States on January 20, 2017, Future Mobility Corp., a start-up Chinese auto company co-invested by Tencent Holdings Limited and Foxconn Technology Group, was planning to invest 11.6 billion RMB (equivalent to about 1.7 billion US dollars) to build high-end smart electric vehicle production plant.

Factory to be built in Nanjing

Future Mobility announced on Dec.19, 2016 that the factory was to be built in Nanjing with an annual capacity of 300,000 electric vehicles.

Construction of the Plant

The construction of the plant will be divided into two phases, and phase one was expected to be completed by 2019 with a scheduled annual capacity of 150,000 vehicles. Future Mobility noted that the company's first model of smart electric sport utility vehicles (SUV) would be launched and go on sale worldwide.

Newly Hired Engineers

Registered in Hong Kong, Future Mobility has hired engineers who previously worked for companies like BMW, Mercedes - Benz, Tesla and Google. Among these engineers, Bi Fukang, who served as the former Project Manager for BMW i8 plug-in sports car, is now appointed as the chief executive officer.

3D NAND FLASH and DRAM Project to Receive 30bn USD Injection

In order to get rid of long-term dependence on imported chips from abroad, Tsinghua Unigroup and the Nanjing municipal government will cooperate to launch a Unigroup Nanjing semiconductor industry base. The new IT Investment and R&D Project will receive a vast sum of funds exceeding 30 billion US dollars, while the base will mainly focus on the production of 3D NAND FLASH and DRAM memory chips.

Source By: http://chuansong.me/n/1499598737751

Industries of Mainland China and Nanjing

Mainland China is presently building its own semiconductor supply chains. As one of the flagship enterprises promoting and integrating semiconductor industry chains, Tsinghua Unigroup went to great length to improve the industry, and even had intended to purchase Powertech Technology Inc., ChipMOS Technologies Inc. and Siliconware Precision Industries Co., Ltd. Though the business acquisition failed in the end, it surely captured much attention in the industry of Taiwan.

What's Happening in Nanjing and Elsewhere

Nanjing is now giving its full support to the semiconductor manufacturing industry, and consequently some remarkable achievements have been reached. For instance, last year Taiwan Semiconductor Manufacturing Company Limited was persuaded to build a plant in Nanjing, which is the first TSMC 12-inch wafer plant in Mainland China. Till now, a semiconductor manufacturing chain has taken initial shape in Mainland China, including the TSMC plant and Tsinghua Unigroup, SMIC in Shanghai, Hejian Technology (Suzhou) Limited Company, the SK Hynix Semiconductor Inc. and STMicroelectronics joint-venture factory (Wuxi). Due attention is also essential to the future development of the chain.