At 4.4%, economic growth in China may have been dampened for 2022 but expectations are high of a 4.9% rebound despite mounting headwinds.
The digitalisation of manufacturing and maintenance services to counter costs will result in an increase of IT workload by 32 % in the industry and 21 % in manufacturing on (mostly) private clouds by 2025, as predicted by McKinsey in their recent “Cloud in China” outlook.
Startup Factory is an incubator for small and mid-sized European enterprises that are looking for assembly or production facilities, a repair workshop or a “job shop” in China to expand their business. At present, Startup Factory operates subsidiaries for 38 European companies on 40,000 sqm with a total of more than 350 employees at its site in Kunshan, near Shanghai.
Smart Factory Kunshan IIoT Hub is an open ecosystem for Industrial IoT technologies, especially for medium-sized manufacturing companies and a lighthouse project of bilateral cooperation on intelligent manufacturing between China and Germany.
The purpose of the demonstration and integration factory is to create an innovative environment for Industrial Internet of Things/ Industry 4.0 from research to demonstration and education in a real-life production environment.
Startup Factory China signed an MOU with Tencent Cloud to empower Chinese and German small and medium-sized enterprises (SMEs) through Industrial Internet of Things (IIoT) solutions and cloud technologies.
By joining Smart Factory Kunshan's partner program, Tencent Cloud becomes an active member of the IIoT Hub community from day one and gains access to a powerful platform for various events and real-life demonstrations of its IIoT solutions on the manufacturing shopfloor towards Chinese and German SMEs.
Both parties also aim to co-host IIoT events in Smart Factory Lab and real-life demonstrations on the manufacturing shopfloor of Tencent Cloud’s IIoT solutions.
The MOU is a step towards the migration of Startup Factory Kunshan’s IT systems to Tencent Cloud. “We are very proud to have yet another global technology company join us as a strategic partner,” stated Bernd Reitmeier, founder of Startup Factory and co-founder of Smart Factory Kunshan.