US multinational company Dow Chemical Co, that has its Chinese base in the Zhangjiang Hi-tech Park, in Shanghai, is seeking to expand its
presence in China by striking a cooperation deal with 1688.com, an
online wholesale platform launched by China's e-commerce giant Alibaba,
on Aug 8.
As part of the deal, it will use Alibaba's platform to sell products
online, a move driven by the company's digital transformation strategy.
Lim Yoke Loon, president of Dow Greater China, explained that they consider Alibaba's strengths to be in cutting-edge technologies such as
big data and artificial intelligence, which have rarely been applied in
chemical engineering so far, and so they hope to work with Alibaba to
explore the integration of the internet and chemical engineering.
Dow entered China back in the 1930s and opened the Shanghai Dow Center, its business and innovation hub in the Asia-Pacific region, in the
Zhangjiang Hi-Tech Park in 2009.Andreas Urschitz (L), a senior manager
at Infineon Technologies, and Ku Wei, general manager of IoT Department
of Aliyun, sign a cooperation deal on Aug 2.
In addition to Dow, Infineon Technologies, a leading German semiconductor manufacturer that located its regional headquarters in
Zhangjiang in 2003, also inked a deal with Aliyun, Alibaba's cloud
computing subsidiary, on Aug 2, to jointly promote the application of
Internet of Things technology in the smart life and industrial sectors.
