WND enterprises thrive along Belt and Road

Over the past decade, companies in the Wuxi National Hi-tech District, East China's Jiangsu province have actively participated in the development of the Belt and Road Initiative, achieving tangible results.

Wuxi Taclink Optoelectronics Technology Co Ltd established its first overseas wholly-owned subsidiary in Germany in 2019 and expanded further by setting up another subsidiary in Thailand at the end of last year which has already commenced operations.

According to Zhang Shao, the deputy general manager, Taclink had conducted assessments of multiple Southeast Asian countries, and Thailand emerged as a favorable choice due to its location, taxation benefits, competitive labor costs, and strong industrial base in the field of optical communications. The Thai subsidiary is expected to become an integrated manufacturing base offering high-quality products and services to customers worldwide.

LongShine Technology Group signs a cooperation agreement with Ajlan & Bros. Group in Saudi Arabia. [Photo/wifiwx.com]

On Aug 13, 2023, local time, LongShine Technology Group signed a cooperation agreement with Ajlan & Bros. Group in Saudi Arabia, aiming to create a diversified portfolio of products and solutions to make it safer and more convenient for global enterprises to adopt digital technology.

Bangdao Technology signs an agreement with Bangladeshi company bKash. [Photo/wifiwx.com]

Bangdao Technology, a subsidiary of LongShine, has also actively engaged in the digital development and transformation of countries and regions along the Belt and Road. In October 2019, Bangdao entered into a partnership with bKash, a fintech unicorn in Bangladesh, to provide a utility bill payment platform. This platform caters to bKash's 70 million registered users and covers various services, including water, electricity, gas, education, insurance, taxation, cable television, and broadband.

The platform now serves over 20 million users per month and, payments have amounted to 1 billion yuan ($136.7 million). Bangdao and bKash have also extended their cooperation to areas such as ride-sharing and toll collection.

Apart from Bangladesh, Bangdao has left its footprint on projects such as the public utility bill payment platform in Pakistan, a mini-program for a bank in Indonesia, and the Sport Hub mobile application in Singapore.