An investment subsidiary of Alibaba Group Holding Ltd has acquired a holding of around 10 percent in Xiaopeng Motors, a Guangzhou-based new energy car startup, marking the latest entry into a crowded field that could become a $42 billion industry.
The 2017 Fortune Global Forum held from Dec 6 to 8 in Guangzhou was not only a great dialogue platform for China with the world but also an opportunity to show Guangzhou's advantages especially its business atmosphere.
Guangzhou has witnessed explosive growth in its high-tech sector, amid efforts to establish itself as an international hub for innovation.
The ongoing 2017 Fortune Global Forum in Guangzhou, capital of South China's Guangdong province, highlights the city's growing strength in attracting investment in emerging industries.
PCI-Suntek Technology Co Ltd will spare no effort in developing its facial recognition technology, smart transportation and related artificial intelligence business in the coming years, a senior company executive said.
Guangzhou has entered a new stage of growth in the biopharmaceutical industry, as the number of industrial parks there have continued to mushroom in recent years.
GAC Motor has become the car and mobility provider for the 2017 Fortune Global Forum currently taking place in Guangzhou, Guangdong province, a sign of the Chinese carmaker's fast growth and rising brand recognition. The Guangzhou-headquartered carmaker is providing 380 GA8 sedans, GS8 SUVs and GM8 multi-purpose vehicles for participants of the forum, including government officials, senior business executives and leading economists.
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