Copyright 2024 - Ningbo Life / Ningbo Expat

Singapore Zhejiang Entrepreneurs (Ningbo) Digital Industrial Park established

On November 7, the Singapore Zhejiang Entrepreneur Association joined hands with dozens of affiliated organizations in the nine ASEAN countries to simultaneously hold the Zhejiang Entrepreneur Singapore Conference in Singapore and Ningbo both online and offline. At the Ningbo conference, the Singapore Zhejiang Entrepreneur (Ningbo) Digital Industrial Park was established, and 6 companies officially announced their entry, opening a new chapter in the digital technology cooperation between the two places.

 It is learned that this park is a joint venture between Ningbo Ningxing International Trade Investment Co., Ltd. and Singapore Holicheng Co., Ltd. The first batch of companies to settle in are from Beijing, Shenzhen, Suzhou, Hangzhou and other cities, and the business scope covers new energy, integrated circuits, etc.

What role will this digital industrial park jointly built by Chinese and Singaporean companies play? Li Guosheng, chairman of the General Association of Singapore Zhejiang Entrepreneurs and a native of Ningbo Yuyao, told that the park will attract more digital technology companies with leading technologies and promising capital from around the world to help them connect with venture capital institutions, find talents, and expand the market. At present, 260 domestic enterprises and 50 Singaporean enterprises have been listed in the investment database of the park.

Li Guosheng is full of confidence in the development prospects of his hometown: "Ningbo has a solid manufacturing base, and automobile manufacturing, green petrochemical, and home appliance manufacturing are well-known at home and abroad. In the next few years, it will usher in a new round of explosive growth. With the help of Association of Zhejiang Entrepreneur and Industrial Park, I look forward to combining Singapore’s advantages in digital technology, finance, and other fields with Ningbo’s huge market demand to better empower the real economy and strengthen the ‘hard core power

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