Microsoft Partners with Kunshan to Establish Yuan Universe Industry Cluster

03/06/2023 06:48 • Digital Disruptors • 126 views

It is reported that recently, the People’s Government of Kunshan City, Jiangsu Province, signed a strategic cooperation agreement with Microsoft (China) Co., Ltd., and Microsoft China’s first industrial yuan universe application center project was settled in Kunshan High-tech Zone. The industrial yuan universe industry fund of Kunshan Hi-tech Zone with the first phase of 1 billion yuan was established, and the three “financial living waters” of industrial capital, state-owned capital and social capital were integrated, providing strong financial support for Kunshan to build yuan universe industry cluster highland, technology innovation highland, industry application demonstration highland and policy pilot highland. (Issued by Kunshan)

Jiangsu Kunshan High-tech Zone established the first phase of industrial yuan universe industry fund with a scale of 1 billion yuan

Analysis based on this information:

The recently signed agreement between the People’s Government of Kunshan City, Jiangsu Province, and Microsoft (China) Co., Ltd., marks a significant milestone in the development of the Yuan Universe Industry Cluster. The first industrial yuan universe application center project of Microsoft China is set to be established in Kunshan High-tech Zone, and the Industrial Yuan Universe Industry Fund of Kunshan Hi-tech Zone will receive strong financial support with the first phase of 1 billion yuan.

The Kunshan Hi-tech Zone has integrated the three “financial living waters” of industrial capital, state-owned capital, and social capital, which will provide the necessary financial support to establish a highland for the yuan universe industry cluster, technology innovation, industry application demonstrations, and policy pilots. This integration will serve as a model for the development of the yuan universe industry cluster in other cities in China.

The partnership between Kunshan and Microsoft is no accident. Kunshan is located in the economically vibrant Suzhou-Wuxi-Changzhou metropolitan area, which is home to a thriving electronic information industry. This industry has been fostered by a strong local economy, well-established industrial parks, and government policies that are favorable to economic growth. The addition of Microsoft’s industrial yuan universe application center will contribute to the development of the electronic information industry’s ecosystem.

The strategic cooperation agreement between Kunshan and Microsoft will also bring benefits beyond the local area. The yuan universe industry cluster is part of China’s broader goal of upgrading its manufacturing industry, making it more advanced and technologically advanced. This effort aligns with the central government’s “Made in China 2025” plan, which aims to move China up the value chain and establish the nation as a global technology leader.

In conclusion, the partnership between Kunshan and Microsoft represents a powerful step forward in the development of the yuan universe industry cluster. The integration of financial resources and technology innovation highlands will accelerate the progress of this industry cluster, and the benefits will be felt not just in Kunshan but in other parts of China as well.

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