Plug and Play Reached Strategic Cooperation with the People’s Government of Qingdao to Create an International Innovation Center

On the morning of May 20, Plug and Play held the signing ceremony of strategic cooperation memorandum and future industry online connection meeting with the People's Government of Qingdao, formally establishing the strategic partnership. 


This cooperation is designed to link high-quality overseas resources, build a platform for global innovation cooperation, and help Qingdao build it as an important national science and technology innovation base in the north area of the Yangtze River. Plug and Play will give full Play to its advantages and actively explore new models to promote technological innovation and industrial transformation and upgrading.
 
Wang Qingxian, Qingdao Municipal Party Secretary attended the meeting and delivered a speech. Mr. Rahim Amidi, Global Chairman and Founder of Plug and Play, and Mr. Wang Donghua, Consul General of China in San Francisco, delivered their speeches respectively via the Internet. Xue Qingguo, Member of the Qingdao Standing Committee and Vice Mayor of Qingdao, and Mr. Jeff Chien, Senior Vice President of Plug and Play, signed the strategic cooperation memorandum online on behalf of the two sides. Xu Jieping, Executive Director and CEO, Chen Zhixin, Partner and Senior Vice President, and Ge Zhuangfei, head of cross-border projects of Plug and Play attended the meeting on site.
 
Gather Global Innovations in Qingdao on the Stage of City


Qingdao is an important central city along the coast of China, as well as a coastal resort and tourist city, an international port city, and a national historical and cultural city. It is the main node city of the "Belt & Road" New Eurasian Land Bridge economic corridor, the strategic support of maritime cooperation, and also the core city of the comprehensive pilot zone of replacing old growth drivers with new ones in Shandong Province.
 
The cooperation reached this time is not only an important strategic layout for Plug and Play in China, but also an important progress of establishing its global innovation ecological platform.
 
Both parties will set up Plug and Play (Qingdao) Northern Regional Innovation Center in Qingdao and an Offshore Incubation Innovation Center in Plug and Play's Silicon Valley Headquarters, focusing on key industries cultivated and developed in Qingdao, and linking high-quality resources at home and abroad to help enterprises "bring in" and "go global" to build an international innovation platform.
 
Wang Qingxian, Qingdao Municipal Party Secretary, expressed his high expectations for the cooperation with Plug and Play:
 
We hoped that Qingdao, together with Plug and Play, would let more innovation enterprises, talents, capitals, and technologies at a different stage of development aggregate in Qingdao to form a "rainforest" with towering "trees", strong "shrubs" and verdant "vegetations", so as to create a new journey for Qingdao of sharing industrial Internet development opportunities with these entrepreneurial projects.
 
Mr. Rahim Amidi, Global Founder of Plug and Play, highly affirmed and recognized Qingdao's solid economic foundation, favorable business environment and professional work spirit of its government team. 
 
Wang Donghua, Consul General of China in San Francisco, also congratulated the two sides on their cooperation and hoped that Qingdao and Plug and Play would continue to strengthen exchanges and contribute to future cooperation.
 
Assist in Qingdao’s Industrial Internet, Sustainable Development & Marine Economy


Xu Jieping, the Executive Director and CEO of Plug and Play, said: Since its deep cultivation in China, Plug and Play has achieved magnificent results in a series of business modules with cities, governments, industries, enterprises, investments and universities. Qingdao's emphasis on the power of innovation in terms of internationalization, localization, platformization and reclamation has surprised us, and we will work with Qingdao to transform old growth drivers into new ones and upgrade industries in multiple dimensions, including industrial Internet, sustainable development and marine economy. 


After the signing ceremony, Qingdao Development and Reform Commission jointly held the “Future Industry Online Connection Conference” with Plug and Play.
Latest News

Stocks rise as China confirms trade deal signing next week

May 26, 2020

NEW YORK — U.S stocks climbed in morning trading on Thursday as investors cheered confirmation from China that its top trade official will head to Washington next week to sign a preliminary trade deal. The “Phase 1” accord is the opening step on a possible path toward a broader agreement between the nations. President Donald Trump has said he will travel to Beijing after the initial signing to start the second stage of talks. Every major index is on track for a record as Wall Street distances itself from a bout of anxiety over the last week because of tensions...

China, Japan stocks lower on Christmas

May 26, 2020

Chinese and Japanese stocks declined Thursday while most other Asian markets were closed for Christmas Day. Tokyo's Nikkei 225 lost 0.1% to 23,806.72 while the Shanghai Composite Index was off 2 points at 2,982.80. Malaysia's benchmark was down 0.6% while Taiwan gained nine points. Wall Street ended nearly flat Tuesday in a shortened trading session before closing for Christmas Day. U.S. markets reopen Thursday. The benchmark S&P 500 index slipped less than 0.1% to 3,223.38. The Dow Jones Industrial Average dropped 0.1%, to 28,515.45. The Nasdaq composite gained 0.1% to 8,952.88. Investors have been encouraged by plans for an interim...

House passes $1.4T government spending bill amid impeachment

May 26, 2020

WASHINGTON — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government spending package, handing President Donald Trump a victory on his U.S.-Mexico border fence while giving Democrats spending increases across a swath of domestic programs. The hard-fought legislation also funds a record Pentagon budget and is serving as a must-pass legislative locomotive to tow an unusually large haul of unrelated provisions into law, including an expensive repeal of Obama-era taxes on high-cost health plans, help for retired coal miners, and an increase from 18 to 21 in the nationwide legal age to buy tobacco products. The two-bill package,...

Stocks rise on Wall Street as rally stretches to fourth day

May 26, 2020

NEW YORK — U.S. stocks rallied Monday, rising with European and several Asian markets following surprisingly strong reports on China's economy. Growth in factory activity and retail sales in the world's second-largest economy both beat analysts’ expectations for last month. That layered on top of optimism from last week’s long-awaited “Phase 1” trade deal between China and the United States, which removed some of the uncertainty that’s hung over businesses and investors. The interim trade deal is one of a “trifecta of positive catalysts” that swept through the market last week and could help support it through the end of...

Draghi stepped in during euro's darkest hour

May 26, 2020

FRANKFURT, Germany — Mario Draghi leaves as head of the European Central Bank credited with having rescued the eurozone from disaster with a well-timed phrase and bold action to back up his words. He expanded the bank's arsenal of crisis-fighting tools with new and unconventional policies, measures that he and others say helped end a financial crisis in 2010-2012 and create millions of jobs in the 19-country monetary union. Yet the closing days of his term have hardly been a victory lap. His departure is accompanied by an unusually public dispute among ECB board members over stimulus policies he pushed...

Broaden News
Search

Manage The Numbers is the world’s fastest-growing finance news website, featuring the latest money and market news, along with in-depth analysis so you can make the best decision.

Contact us: sales@managethenumbers.com

Subscribe to our newsletter!

Name

Email