Singaporean companies to set up shop in Haikou

Representatives of Hainan and Singapore take a group photo at the signing ceremony in Singapore on Feb 22. [Photo by Zhang Yuxue/hinews.cn]

The delegation of the Department of Industry and Information Technology of Hainan Province signed agreements with four Singaporean internet enterprises during its visit to Singapore on Feb 22.

The Hainan delegation visited the Singapore Information Media Development Authority and Innovation and Entrepreneurship College of Nanyang Technological University, as well as several local internet companies, to learn about their current industrial planning and development situation. The Hainan government studied Singapore's advanced technology, brought in skilled talents, and introduced a list of cooperative projects.

Four Singaporean enterprises, including Preshares, VisionCapital, BUYin, and VOLTA will set up operations in the Fullsing Town Internet Innovation Park in Haikou to carry out comprehensive cooperation. The two parties plan to work toward a brighter future for the development of the China (Hainan) Pilot Free Trade Zone and a free trade port with Chinese characteristics.

The park will set up a joint venture with Preshares to fully utilize the resources of countries involved in the Belt and Road Initiative, as well as international organizations, to support the construction of its international demonstration center for innovative entrepreneurship.  

VisionCapital is a consulting firm working on the commercial application of blockchain and other technological developments, offering services such as legal advice, investment management services, and marketing services. BUYin is a female-oriented online shopping platform, mainly targeted at Indonesian customers. It is skilled at solving B2B disputes and is focused on creating a powerful and dynamic software system to handle issues related to workforce management and facility services.

The cooperation platform between Hainan and Singapore has helped encourage Belt and Road countries to work together in terms of economy, technology, and culture, and especially in Internet Plus. The two parties will share resources to advance the construction of the Fullsing Town Internet Innovation Park and make joint efforts to explore potential markets in China.

Representatives of the Fullsing Town Internet Innovation Park sign contracts with four Singaporean internet enterprises. [Photo by Zhang Yuxue/hinews.cn]