KuangChi Science announces Singapore-based Innovation HQ

KuangChi Science Ltd, a subsidiary of Chinese Kuang-Chi GCI, has announced it has established its ASEAN Innovation Headquarters in Singapore, as a base for expansion throughout Asia, specifically in the ASEAN countries.
The newly-created Singapore-based headquarters is a creative hub for furthering development of the company’s Future City strategy. KuangChi Science has also signed an agreement to cooperate with HyalRoute Communications Group, which has already received investments totaling more than USD600 million from Kuang-Chi GCI.
Kuang-Chi GCI refers to the Global Community of Innovation initiated by Kuang-Chi Group, which brings together innovators from all over the world and turns science fiction and dreams into reality to deliver the future to the world.
Founded in 2010 by five distinguished Chinese scientists after completion of doctorate degrees at top universities, Kuang-Chi GCI is a global innovation group based in Shenzhen, China, which has made advancements in the fields of metamaterials, photonics, satellite technology, aviation, and robotics over the past five years.
Acting through public companies, private holdings, and research institutes, the group’s value exceeds USD10 billion. The group has invested in companies including Solar Ship Inc, Martin Aircraft Company, biometrics pioneer Zwipe, and communications group HyalRoute.
Singapore is an important international finance and commerce hub and ranked as the most technology-ready country in the world by the World Economic Forum. According to Dr Zhang Yangyang, Co-CEO of KuangChi Science: “Singapore provides an ideal innovation base and by creating an innovation headquarters in Singapore, KuangChi Science plans to further collaborate with Singaporean companies and institutes for research and development.”
In addition to the Innovation HQ announcement, KuangChi Science is announcing its smart city objective, the Future City Strategy. The goal of building smart cities is to improve the quality of life for urban dwellers by using technology to improve the efficiency of services and meet residents’ needs.
The strategy has been influenced by Singapore’s ‘Smart Nation’ initiative, which was launched in 2014 to make living better for all through tech-enabled solutions, harnessing ICT, communications networks, and big data.
Information and communications technology allows local governments to interact directly with the community and the city infrastructure to monitor what is happening in the city and how it is evolving, and to ultimately create a better quality of life for citizens.