Chinese
Today is
You are here : Home > Business

Jiading, CPE agree to promote self-driving sector

( english.jiading.gov.cn ) 2020-12-14
Jiading, CPE agree to promote self-driving sector

Jiading district works with CITIC Private Equity Funds Management Co to promote the development of strategic emerging industries. [Photo/jiading.gov.cn]

Jiading district in Shanghai inked a strategic cooperation agreement with CITIC Private Equity Funds Management Co (CPE) to promote the development of strategic emerging industries such as smart internet of things (IoT) and automatic driving, local media reported on Dec 4.

Lu Fangzhou, Party secretary of the district, said that Jiading is accelerating its pace of industrial transformation and urban development, and that cooperation will provide a new opportunity for Jiading to bolster its scientific and innovative development.

Liu Lefei, president of CPE, said that the group will make full use of its unique advantages in industrial capital and technical management to better serve the development of Jiading's real economy and transform the district into a hub for strategic emerging industries.

CPE, founded in 2008, is a leading alternative asset manager with asset classes spanning private equity, mezzanine, and the public market. It has invested in more than 100 enterprises and manages a combined 100 billion yuan ($15.29 billion) in assets.

According to the agreement, CPE will invest in an innovative base for cloud technology and automatic driving in Jiading in an effort to speed up the commercialization of the smart driving industry.

MAIL TO DISTRICT CHIEFjiading@jiading.gov.cn

ATTRACTIONS

Jiading Fahua Pagoda

The Fahua Pagoda, 40.8 meters tall, is a square, brick-wood structure with seven stories, accessible by ladders.