CFLD opens incubator unit in Silicon Valley
Print Edition
China Fortune Land Development Co, an industrial zone developer and operator, said yesterday that it has set up a wholly owned subsidiary in California’s Silicon Valley.
The new company, CFLD Incubator Services Inc, aims to concentrate and use the world’s most advanced technologies to incubate high-tech industrial projects, the company said in a statement filed with the Shanghai Stock Exchange.
CFLD President Hu Zhenyu said the incubator will mainly invest in high-tech industries such as clean energies and new-generation information technologies.
“The CFLD wishes to seek a bridge connecting Chinese and American industries through the incubator,” Hu said, adding that the unit will provide an innovative way to translate technological innovation to the Chinese market.
Founded in 1998, the CFLD is an enterprise group that provides industrial, logistics and commercial facilities and services for companies.
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