Guangzhou Intelligent Manufacturing Industrial Alliance was officially established on Nov. 22 in Guangzhou, Guangdong province.
The alliance was jointly founded by Wanli Group, Sinolight Corp., Greatoo Intelligent Co., Ltd. and Yuexiu Enterprises (Holdings) Ltd. and is a secondary unit of State-owned Enterprises Innovation Strategic Alliance in Guangzhou.
Wanly Group is the president member of the alliance.
The intelligent manufacturing alliance is expected to become a bridge and platform for communication, coordination and innovation.
To facilitate intelligent development of member enterprises, a specific investment fund is established, valued 10 billion yuan in total, while the first fund is two billion yuan.
The investment fund will focus on corporate technical reform, merger and development, and industrial coordination.