A rendering of Yuanchuang Bay in Jiading district, Shanghai. [Photo/jiading.gov.cn]
Shanghai's Jiading district and Shanghai Fosun Industrial Technology Development recently signed a strategic cooperation agreement that will see both sides drive the digitalization and intelligent transformation of industries in the district.
The goal is to generate a digital economy revenue of over 500 million yuan ($69.94 million).
As part of the agreement, Fosun Industrial will establish the "Jiading-Fosun Digital Sharing Center" in Yuanchuang Bay of Jiading district. This center will aid local businesses with their intelligent transformation efforts.
Fosun Industrial and its ecosystem of service enterprises will also develop application scenarios for intelligent transformation and digitalization in the manufacturing sector. This initiative aims to upgrade over 260 large-scale enterprises in Jiading district and create at least three intelligent manufacturing demonstration bases.