Chengdu struggles back to business as usual

[photopress:zone_Chengdu_f_feat_1.jpg,full,alignright]In the first big project signed after earthquake Tencent has signed with Chengdu High-tech Zone a cooperation agreement and is to invest RMB550 million in Chengdu to build its R&D center, data processing center and client services center. It is estimated that within three years it will have 1,500 employees.

Tencent is the first company that came to Chengdu to invest after the earthquake of Wenchuan.

Chen Yidan, senior vice President and CEO of Tencent spoke of the numerous colleges and universities in Chengdu with a strong advantage in talent, while local culture, living environment, as well as the open attitude and policies of government supporting development. He said, ‘Although here occurred the earthquake, our confidence in Chengdu is not shaken.’

Tencent is one of China’s biggest internet integrated services providers, and also Asia’s first and the world’s third internet instant communication services provider. The company so far has made direct donation of RMB20 million and helped raise funds of more than RMB36 million.

Motorola apparently feels the same way. Gao Ruibin, Motorola’s senior vice President and President of China Corporation, applauded the quick reaction and handling capability of the municipal government in face of the natural calamity of such magnitude, and he said Motorola’s confidence in developing in Chengdu will not be changed and best efforts will be given to support the reconstruction work of the city. The Chengdu-based R&D center of Motorola has already resumed normal operations.

Meanwhile Toyota Boshoku has invested RMB500 million in Chengdu to make auto parts.

Fortune Global 500 company, Toyota Boshoku’s Automotive Parts followed its prearranged plan and signed with Longquanyi district government an investment agreement. The project, based in the Chengdu Economic and Technological Development Zone, focuses on the production of vehicle seats, interior ornaments and other related auto parts, which will achieve annually RMB1.5 to 2 billion of sales revenue and RMB100 million of tax income, providing more than 200 jobs.
Source: All Roads Lead to China