China’s Wasu Co. seeking Taiwan partners for Network Integration Project (wantchinatimes.com)

9 November 2010 23 h 09 min 3 comments
Vice president Zhao Zhifeng of China’s Wasu Holdings Co. Ltd. in Hangzhou arrived in Taipei on Nov. 9 to seek cooperation partners for a network integration project.
Wasu became the first mainland Chinese company to explore cooperation opportunities with Taiwan partners after China announced the list of 12 cities for the network convergence project, said officials at the Ministry of Economic Affairs (MOEA).

By Lin Shu-hui and Staff Reporter, wantchinatimes.com, 9/11/2010

More than 100 scholars and representatives from leading Taiwan enterprises, including Chunghwa Telecom, Hon Hai Precision, Wintek Corp., Avermedia, ZyXEL, and Gemtek, will meet with Wasu executives at a seminar sponsored by the MOEA and the Information and Communications Research Laboratories at the Hsinchu-based Industrial Technology Research Institute (ITRI). Participants will discuss cooperation on projects related to network converging.

The ambitious project of integrating telecom, broadcasting and Internet networks in China has a market potential of close to 688 billion Chinese yuan (US$100 billion), or more than NT$3.1 trillion, according to the estimates of institutional investors. The accelerating network convergence in China and cooperation across the Taiwan Strait are expected to bring forth new business orders for many companies on the island.

Wasu, based in Hangzhou of eastern Zhejiang Province, is one of three groups selected for the first phase of network integration testing. The group has teamed up with the Taobao affiliate of the Alibaba Group to set up a new company recently. The joint venture is seen as a springboard to integrating electronic commerce with a new generation of digital broadcasting services enabling consumers to make purchases on the Internet using their TV top-set box.

In addition to holding a general discussion meeting with executives in Taiwan, Zhou is expected to meet separately with counterparts from companies that are rated as potential cooperation partners.

Taiwan suppliers of network equipment, network TV sets, mobile phones with TV screens, and image phones have high hopes for partnership with the Wasu project.

Network converging has been included in major development strategies for the next five years in China’s 12th five-year development plans with a target of completing the integration project between 2013 and 2015. Hangzhou was designated as one of the 12 cities for the pilot project.

Institutional investors estimated the massive project in China will create business opportunities for infrastructure projects related to equipment and appliances, broadband upgrading, broadcasting, and content enhancement worth 249 billion yuan (US$37 billion). Additional business opportunities for related information services and end consumption will reach close to 439 billion yuan (US$65 billion), they said.

SOURCE: wantchinatimes.com (9/11/2010)  

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