Chengdu stories
Siemens’ Nanjing plant named WEF Global Lighthouse
Last month
Siemens’ “digital-native” Nanjing plant joins the World Economic Forum’s Global Lighthouse Network for AI-driven productivity gains.
Chinese local government poised to invest in high tech startups – just move there
Wed, 10th May 2017
Free rent for the first three years, subsidies on intellectual property, and $10million angel investment funds – it’s almost too good to be true.
Rakon braces itself for $54m loss
Fri, 6th Sep 2013
Rakon faces a staggering USD $54 million net loss for 2014 due to a USD $37 million write-down on its Chinese investment, causing shares to plummet 8.7%.
Rakon to cut 60 NZ jobs
Tue, 6th Nov 2012
Rakon to cut 60 New Zealand jobs, shifting manufacturing to China and India to cut costs and improve profits by NZD $10 million annually.