Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (602)	8/29/2003 11:58:33 PM
From: RealMuLan	Respond to of 6370

China to open IT incubator in Singapore By Gideon F. For-mukwai IDG News Service, Singapore Bureau 29-08-2003 China Torch Center, an agency of the Chinese Ministry of Science and Technology, is opening an incubation center in Singapore for Chinese IT and high-tech corporations that want to enter the global marketplace. China Torch Center is currently setting up operations in preparation for a formal launching ceremony in October. The center aims to promote Chinese startups and small and medium-size companies seeking venture capital investment for growth and expansion globally. The center will allow Chinese companies to tap into the vast consumer market of Southeast Asian nations, said Zhao Yu Hai, director general of the center. New centers are also planned for U.S. and Russia, but the one in Singapore is moving ahead first because that nation and China already have a good business foundation established, are close geographically and share cultures, Zhao said. Singapore is also the largest international finance market in Southeast Asia, he said, and offers other benefits such as 140 risk investment companies with more than US$70 billion in funds. The official opening of China Torch Center in Singapore has been slated to coincide with a high-tech event, Global Entrepolis, set for Oct. 27 to Nov. 3, where 53 high-tech parks from China will be represented. The event will include sessions for venture capitalists to exchange ideas and knowledge, discover technology, find partners, access funds and make deals. Currently, there are 200 Chinese companies operating in Singapore, of which 60 are high-tech firms, some of which are listed on the Singapore Stock Exchange. Other countries besides China have operations similar to the incubation center in Singapore, including Germany, Japan, India, South Korea and New Zealand. idg.com.sg