Guangzhou Automobile Group Co is planning to set up a trading company and a ride-hailing firm in the Guangdong-Hong Kong-Macao Greater Bay Area, its chairman said.
NetEase Games, a leading developer of PC and mobile games for people around the worldwide, will begin using its headquarters in Tianhe Smart City next month, according to Southcn.com in a report on March 5.
US-based consumer robot maker iRobot is planning to expand its research and development center in Guangzhou to tap opportunities arising from the recently unveiled Guangdong-Hong Kong-Macao Greater Bay Area plan, according to a top company official.
Guangzhou saw high commercial growth in 2018, with another 5,376 enterprises being established by foreign direct investors, a 120 percent year-on-year increase.
The city of Guangzhou, capital of China's economic powerhouse Guangdong province, plans to invest 10 billion yuan ($1.48 billion) to support R&D in key areas such as AI, biomedicine, new energy, and new materials.
Nansha district in Guangzhou will invest a total of 97.15 billion yuan ($14.8 billion) into 233 key projects in 2019, according to news released after a session on the district's key projects was held on Feb 12.
The Guangzhou-based Evergrande Group, one of China's largest property developers, is seeking to expand into the world-leading new energy vehicle (NEV) industry by joining with world-class car makers in Sweden.
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