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Sumitomo opens new plant for high purity chemicals in Changzhou

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 Insights

23-Apr-19 Sumitomo Chemicals and Dongwoo Fine-Chem have invested USD150 mn into a new project in China at the Changzhou National Hi-Tech District facility of Sumika Electronic Materials that will produce high-purity chemicals required in the semiconductor manufacturing process.

[image: ChemEurope]

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China’s SaaS market is booming

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 Insights

08-Apr-19 China’s software as a service market is one of the fastest growing, and will double from 2018 to 2020. The market is still relatively small, so there is significant room for foreign firms to be strong competitors. [image: Asia Briefing Ltd.]

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China to push 5G commercialisation even as Huawei faces US-led resistance

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 Insights

25-Mar-19 China plans to accelerate commercialisation of 5G in a "final sprint", with 60% of the USD256 bn 2019 tech budget allocated to telecommunications. Industrial Internet, smart transport, intelligent manufacturing, smart medical care and digital agriculture are among the priorities. [image: South China Morning Post]

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Alipay, Barclaycard help UK retailers reach Chinese tourists

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 Insights

14-Mar-19 Alipay and Barclaycard - which processes half the UK's card transactions - have collaborated to allow UK retailers to accept Alipay. 483,000 Chinese tourists will spend USD1.33 bn in 2019. The UK also has about 493,000 Chinese residents and students. [image: Alizila]

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Saudi Aramco shifts strategy in China to boost oil sales

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 Insights

14-Mar-19 Rising Russian and US competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift towards independent refiners and newcomers to the business, after years of dealing only with state-owned Chinese energy firms. [image: Reuters / Ahmed Jadallah]

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