Aginode is a global provider of connectivity solutions for digital networks in various markets. [Photo/jiading.gov.cn]
Nanxiang town in Shanghai's Jiading district recently welcomed the settlement of two foreign-funded companies.
The enterprises are respectively funded by French Aginode Group, a global provider of connectivity solutions for digital networks in various markets, and German company Beyerdynamic, which offers hi-fi and high-end headphones as well as in-ear headphones and headsets for home and on the go.
Aginode's subsidiary focuses on developing, designing, manufacturing, and selling advanced communication network system solutions, including cables, accessories, component systems, and intelligent services. With confidence in Chinese manufacturing and global market growth, the company plans to invest heavily in research and product development, aiming for an annual output value of 500 million yuan ($70.14 million).
Beyerdynamic's subsidiary manages the brand's import, sales, and operations in China. In March, it signed a cooperation agreement with JD.com, launching the brand on the platform. The company is involved in creation, gaming, entertainment, and work-learning products. After settling in Nanxiang, it plans to use new infrastructure platforms to attract and support upstream and downstream enterprises, bolstering Nanxiang's online economy.
Nanxiang town has prioritized the information and communication industry, recognizing its critical role in developing new quality productive forces. The two companies feature strong technical capabilities and market competitiveness, and are expected to support Nanxiang in advancing industrial intelligent manufacturing.
In recent years, Nanxiang's improved business environment has attracted many foreign companies. From January to July, the town attracted $140 million in contracted foreign investment, a 13.0 percent year-on-year increase.
Beyerdynamic offers hi-fi and high-end headphones as well as in-ear headphones and headsets for home and on the go. [Photo/jiading.gov.cn]