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Recently, Guangzhou Sui Geng Technology Co., Ltd, a wholly owned subsidiary of Jitterbug Group Hong Kong Limited, was officially established with a registered capital of 53.7 billion yuan. The registered address is located in Guangzhou Haizhu District, No. 277, Xingang East Road, adjacent to Tencent, Alibaba, Vipshop and other Internet giants Pazhou West, is regarded as the golden triangle of Guangzhou’s digital economy.
According to the Haizhu District Pazhou in the second area of the riverfront plot control detailed planning, the area will create a new media cluster, the introduction of world-class digital enterprises, to promote industrial capacity leap. Or be regarded as Guangzhou artificial intelligence and digital economy pilot area policy dividend area.
Strategic business layout in South China, the core battlefield of direct broadcasting and e-commerce.
According to enterprise search information, Sui Geng Technology’s business spans software development, information system integration, non-residential real estate leasing and property management, etc. The establishment of this new company may be regarded as a strategic business layout in South China. The establishment of this new company may be closely related to Jitterbug Group’s strategy of accelerating the layout of the South China market.
According to Guangzhou Daily, Sui Geng Technology is seen as an affiliate of Jitterbug’s South China headquarters. Haizhu District has made it clear at the 2024 High Quality Development Conference that it is promoting the construction of Jitterbug’s South China headquarters, which is likely to focus on new retail, advertisement streaming and innovation incubation.
Jitterbit’s connection to Guangzhou has been on display for some time. On March 12, 2024, Jitterbit’s South China Selection Center was opened at the Zhongdaemun Gate in Guangzhou. On March 22, the Haizhu District Government and Jitterbit co-hosted the Haizhu Partners Jitterbit Eco-Partnership Conference, which attracted the participation of more than 200 service providers.
However the reason for choosing Guangzhou may be directly related to its super-fast supply chain. Guangzhou is known as the myth of the 48 hour delivery time. According to industry research data, Guangzhou’s 644 professional wholesale markets form a closed loop of pre-broadcast and post-broadcast production, making it possible for new apparel from Thirteen Banks, Shahe and other markets to go from design to shelves in just two days, with more than 30 out of every 100 items sold in the live streaming room coming from Guangzhou.
Guangzhou’s core competitiveness lies in the ultra-flexible supply chain covering all categories. An e-commerce analyst pointed out that the Pearl River Delta’s dense industrial clusters provide Jitterbug with a full range of pallets for clothing, beauty, home, electronics and other categories, while the establishment of Suiqiang Technology may provide local merchants with more in-depth support for digital tools.
From online to offline healthcare and finance
It’s worth noting that Chen Guanyu, the legal representative of Suiqiao Technology, also serves as the head of Beijing Ninghe Kangrui Medical Management Company, another medical company under Jitterbug. This medical company with a registered capital of 734 million yuan was founded in December 2022, is wholly owned by Jitterbug Group, and its business covers hospital management technology development and so on.
In January this year, the Beijing Municipal Health Commission approved a plot of land in Zhongguancun to ByteDance to set up Beijing Ai Rui Hospital, which is a tertiary comprehensive Sino-foreign joint venture and cooperative for-profit hospital, with 800 planned beds. Byte jump in the medical field layout for a long time, as early as 2020, through the acquisition of encyclopedic medical network Internet medical company Missy two zero two four, formally stepped into the medical field.
In addition, Jitterbug’s Hainan word jump commercial factoring limited company recently increased its registered capital from 1 billion yuan to 1.6 billion yuan. According to public information, the company’s business involves supply chain finance enterprise credit and other areas, its factoring services are believed to focus on supporting the financing needs of small and micro enterprises.
From healthcare to financial technology, from software development to e-commerce empowerment, ByteDance is further weaving its business network in South China through Suiqiang Technology. This giant race around the industrial Internet may redefine the map of the technology industry in South China.
References
1 https mp weixin qq com s y4TPQEHIRDDbikWVda5T9g
2 https www msn cn zh cn money technology Sources say construction of Jitterbug Group’s South China headquarters will start ar AA1AEz0p ocid BingNewsSerp
3 https 36kr com p 3201217182678408
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