The Baiyun district people's government of Guangzhou signed a strategic cooperation agreement with Huaxia Kunpeng Technology on June 8.

The partnership will allow the high-tech communication equipment and electronic product manufacturing enterprise to establish its South China regional headquarters in the district. Both sides will work to build an electronics information industry cluster with an annual revenue target of over 10 billion yuan ($1.5 billion).

Baiyun district. [Photo/WeChat account: gz_baiyunfabu]

This collaboration represents a significant step for Baiyun district in seizing opportunities in the digital economy and information technology innovation industries, enhancing the development of the new-generation information technology.

Huaxia Kunpeng Technology possesses strong collaborative R&D and large-scale intelligent manufacturing capabilities, partnering with industry leaders like Huawei to build an industrial ecosystem.

With a substantial investment exceeding 1 billion yuan, the company will establish high-standard automated production lines in Baiyun, focusing on the R&D and manufacturing of core ICT (Information and Communications Technology) products.

Upon project completion, it plans to expand its investment and attract top-tier enterprises and talent to the district.