Connect with us

Technology

Tianfu New Area Accelerates the Construction of a Modern Industrial System

Published

on

Industrial Introduction and Urban Construction Resonating Together 

CHENGDU, China, May 29, 2024 /PRNewswire/ — In the vibrant spring of March, Xinglong Lake is brimming with vitality, symbolizing the high-quality development of a modern industrial system of the park city. Recently, Party-Masses Work Department of CPC Sichuan Tianfu New Area Work Committee organized the second phase of a high-quality development media research and observation activity. A group of journalists from major central and provincial media outlets visited various industrial and corporate parks in Tianfu New Area to conduct on-site research on the area’s high-quality industrial development, providing in-depth insights into the key supports behind the rapid construction of a modern industrial system and the sustainable urban development of Tianfu New Area.

Optimizing Industrial Spatial Distribution Guided by Urban Functions
Three Urban Function Groups constructs the “Four Beams and Eight Pillars” of the Industrial System

In mid-spring, the serene waters of Xinglong Lake reflect the innovative and thriving spirit of Chengdu Science City. The Tianfu Intelligent Port project, located in the core area of Chengdu Science City, is in its final optimization stage and will soon welcome a large number of enterprises. As a comprehensive industrial park, it focuses on attracting new economy industries such as artificial intelligence and big data, as well as green low-carbon industries centered around smart energy. The project emphasizes an integrated ecosystem of “scientific and technological project incubation, commercialization of scientific and technological achievements services, and lakeside commercial facilities,” aiming to create a center for commercialization of scientific and technological achievements and a platform for digital economic development.

Chengdu Science City, where Tianfu Intelligent Port is located, is one of the three major industrial function areas successfully established in Tianfu New Area. In recent years, Tianfu New Area has focused on four core functions: pilot demonstration of park city, innovation source transformation, inland opening gateway, and Tianfu Central Legal Services District. Additionally, it emphasizes three unique functions: leading the digital economy, clustering cultural and creative industries, and providing full-cycle technological and financial services. This has led to the strategic development of three industrial function zones: Tianfu Central Business District, Chengdu Science City, and Tianfu Digital Cultural and Creative City.

Chengdu Science City has systematically developed major strategic initiatives like the ChengduChongqing (Xinglong Lake) comprehensive science center, and the Tianfu Laboratory. It comprises an integrated functional group of “one island, one center, one base, and four parks,” focusing on scientific research, technological innovation, industrial drive, and innovative ecosystems. Key areas include big data and artificial intelligence, high-end software and operating systems, integrated circuits, and ecological protection, along with future tracks such as satellite internet and advanced computing. Currently, it has attracted 217 major projects, including ZTE, and 37 Fortune Global 500 companies, attracting and nurturing over 1,200 high-tech enterprises and more than 30,000 new economy enterprises.

Just a few kilometers north of Xinglong Lake lies the Tianfu Central Business District, covering an area of 50.3 square kilometers. Over the past few years, this area has developed into a hub led by headquarters economy, empowered by exhibitions and expositions, and characterized by legal services. It has hosted over 600 exhibition activities, including the Western China International Fair and the China Food & Drinks Fair. The area is also home to China’s first provincial-level legal service cluster, the Tianfu Central Legal Services District, which has attracted over 300 high-level legal service institutions. A “15-minute living circle” with balanced cultural and educational facilities has been established, forming a high-quality industrial community that attracts urban elites.

Moreover, Tianfu Digital Cultural and Creative City, one of the three major urban groups and the main carrier of the city’s cultural and creative (digital cultural and creative) development, has established the city’s first international living room for Sino-Italian cultural exchange. It continues to promote the construction of high-quality industrial chains, focusing on developing the digital audiovisual, digital consumption, and digital terminal industries. The city has signed 73 major projects, including the Southwest Headquarters of China Record Corporation and the A8 Online Literature and Film & TV Audiovisual Base, with a total agreed investment of over 100 billion yuan.

Harnessing Major Projects to Drive High-Quality Development
Promoting High-Quality Development Through High-Quality Project Construction

At the China Power Construction West Innovation Center in the Tianfu Central Business District, Power Construction of China West Regional Headquarters, China Power Construction West Construction Investment and Development Company and other 12 high-quality Chinese power construction enterprises have settled here and realized practical operation. The entire project integrates the group’s strengths in energy, water resources and environmental governance, and infrastructure construction, planning to establish the China Power Construction West Regional Headquarters with administrative management, financial settlement, investment procurement, and production-finance services.

In recent years, the Tianfu Central Business District has attracted 137 major industrial projects, including China Merchants Group, Power China, Luzhou Laojiao, Kobe Medical, and Xinjiang Guanghui Group, with a total investment exceeding 270 billion yuan. Among these, 36 are high-level Fortune 500 enterprises.

Since the approval of Tianfu New Area, a series of major transportation, water conservancy, scientific, and industrial projects have been completed and put into operation. The urban road network, including the “three vertical and one horizontal” roads, has surpassed 1,000 kilometers. Open platforms like the Western China International Expo City, Tianfu International Conference Center, and Bonded Logistics Center (Type B) have been built and utilized. Major scientific and technological support platforms, such as Tianfu Xinglong Lake Laboratory, National Sichuan-Tibet Railway Technology Innovation Center, and National Supercomputing Center in Chengdu, have started operations. Significant scientific infrastructure, including the Multi-Scale Vector Optical Field Space-Time Control Verification Device and Multi-Modal Rail Transit Dynamic Model Test Platform, have been successively established. High-quality public service institutions, such as West China Tianfu Hospital, Tianfu Middle School, and Guanghui Art Museum, have been completed and put into operation, injecting strong momentum into the high-quality economic and social development of Tianfu New Area.

Last month, the Direct Administration Zone of Sichuan Tianfu New Area held a major project on-site promotion event for the first quarter of 2024, advancing 54 key projects with a total investment of 23.23 billion yuan. This further emphasized the role of project construction in expanding effective investment and achieving a “good start” for the first quarter, laying a solid foundation for development throughout the year.

2024 marks the tenth anniversary of Tianfu New Area’s approval as a national-level new area. This year, Tianfu New Area will comprehensively enhance project planning, acquisition, and implementation efforts, fully commencing major projects such as the Phoenix-inhabited Valley and Phoenix-inhabited Wetland Technology Transformation Base. It will accelerate the construction of key supporting projects such as the Chengdu Sci-Tech Innovation Eco-Island, CNOCEAN Building, Tianfu High-Speed Railway Station, and various laboratories. Additionally, it aims to establish new educational projects, such as the Chengdu No. 7 Middle School Yucai Science City Branch and the Experimental Primary School Lakeside Road Campus, and strive for national medical centers (Chinese medicine) and national oral medicine centers. The continuous and vigorous project construction will firmly support the high-quality development of the new area.

Continuously Introducing Strategic Emerging and Future Industries
Accelerating the Construction of a Modern Industrial System Guided by Industrial Circles and Strong Chains

Located on the southwest side of Xinglong Lake, Ronggang Innovation Park is focusing on building diversified office spaces that meet modern business needs, one-stop operation services, and enterprise service solution platforms. It attracts many innovative, entrepreneurial, and high-growth companies and professional incubators, especially in key industries such as the digital economy and cultural creativity. Just across the street, the Xinglong Lake Technology Integration and Transformation Base is creating a technology scene experience center and a pioneer demonstration area for urban industrial parks, integrating scientific innovation, R&D design, small-scale trials, flexible small-batch production, industrial chain SME incubation, urban industrial services, and commercial and living facilities.

Complex industrial parks like Ronggang Innovation Park, Xinglong Lake Technology Integration and Transformation Base, and Phoenix-inhabited Wetland Technology Transformation Base will provide direct support for continuously introducing strategic emerging and future industries into Tianfu New Area.

In recent years, Tianfu New Area has actively implemented the strategy of industrial circles and strong industrial chains, accelerating the clustering of key industries, and promoting the digitalization of industries and the application of digital technologies. In 2023, Tianfu New Area’s digital economy grew rapidly, with 14 projects, including ZTE Southwest Innovation Center, achieving significant progress. The revenue of regulated software and information technology service industries grew by 40.3%. Moreover, a modern industrial system supported by urban industry, modern services, and modern urban agriculture is rapidly forming. In 2023, the Phoenix-inhabited Valley Science and Innovation Demonstration Park construction began, introducing over 100 intelligent manufacturing projects, including Zhensheng Data and Kedao Chip Nation. Various exhibitions, such as the Golden Panda Awards, China International Copyright Expo, and Chengdu International Auto Show, were held, with the exhibition area increasing by 72% compared to 2019. Additionally, 29 modern financial enterprises, primarily private equity investment funds, were established, with the management scale exceeding 600 billion yuan. The world’s first 20-story unmanned vertical plant factory was put into use, and rural residents’ per capita disposable income increased by 6.3%, making Tianfu New Area an advanced unit in Sichuan Province’s rural revitalization for three consecutive years.

In February, CPC Sichuan Tianfu New Area Work Committee and Administrative Committee held the 2024 work conference, proposing the main work theme of “gathering people and thriving industries” for the year. They will implement the “three doubling actions” of enhancing innovation capability, urban industry, and governance efficiency, further driving the transformation and upgrading of the industrial structure and strengthening the support of the real economy.

Currently, Tianfu New Area is committed to positioning urban industry as a key move for promoting industrial transformation and upgrading. It focuses on innovating industrial space supply modes, exploring the development path of industrial buildings, and actively targeting new high-end industrial blue oceans. It emphasizes urban industry, focusing on fields such as aerospace and rail transit, accelerating the construction and operation of professional carriers like Phoenix-inhabited Valley and Yuepu Gazelle Valley. It aims to build 570,000 square meters of new urban industrial carriers and put 350,000 square meters into operation this year.

Simultaneously, Tianfu New Area will emphasize future industrial layout, promoting the clustering development of industries such as rail transit, optoelectronics, and satellite internet. It will strategically plan the low-altitude economy, formulating plans for four networks: infrastructure network, air network, route network, and service network, and exploring the development of demonstration application scenarios such as logistics distribution, safety inspection, and low-altitude tourism.

View original content:https://www.prnewswire.com/apac/news-releases/tianfu-new-area-accelerates-the-construction-of-a-modern-industrial-system-302157624.html

SOURCE Tianfu New Area

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Sokin and Adyen Partner to Give US Businesses a Single Solution for Ecommerce Payments and Treasury Operations

Published

on

By

The partnership will provide Sokin clients with advanced global payment acceptance capabilities, combined with multi-currency accounts, FX, and treasuryTogether, Sokin and Adyen will support Sokin clients across the world, including US, Canada, UK, mainland Europe, UAE, Singapore and Australia

NEW YORK, April 29, 2026 /PRNewswire/ — Sokin, the cross-border business payments and financial platform, today announced a strategic global partnership with Adyen, the global financial technology platform of choice for leading businesses. The partnership adds global payment acceptance to Sokin’s existing multi-currency accounts, FX, and treasury infrastructure, giving businesses a single platform to manage their entire cross-border financial stack.

The offering, now live in the US, will also support clients across Canada, UK, mainland Europe, UAE, Singapore and Australia. Businesses can accept payments through Sokin’s checkout and payment links functionality across more than 35 payment methods, over 170 countries and territories, and charge and settle in multiple currencies.

Most businesses operating internationally run their payment acceptance and their treasury operations on different platforms. That creates reconciliation overhead, high FX costs, and gaps in visibility that compound as transaction volumes grow. The Sokin and Adyen partnership removes that split, unifying payment acceptance with treasury management in a single platform. In an agentic environment, where AI needs to decide, approve, execute, and settle within a single programmable infrastructure, a fragmented payments infrastructure is a structural barrier.

“Businesses growing internationally have always had to stitch together multiple providers just to manage the basics of getting paid and paying out. This partnership closes that gap. One platform, one relationship, one view of your entire cross-border stack. That matters more than ever as AI becomes part of how finance teams actually work,” said Vroon Modgill, founder and CEO of Sokin.

“Expanding into new markets always brings complexity around how businesses can accept and optimise local payments. By partnering with Sokin, we’re helping to remove those barriers and give growing businesses the ability to scale internationally with the confidence that their payment experience is built to perform in every market,” said Adrian Davis, Managing Director Financial Services & Insurance at Adyen. “Through our global network and data-driven insights, our partnership with Sokin will help global businesses continuously optimise how they accept payments, meeting their customers wherever they are.”

The partnership launches as Sokin continues a period of significant growth. The company has grown revenues more than eightfold since 2022, closed a Series B funding round in late 2025, and secured a $100 million debt facility in January 2026. Sokin launched its stablecoin capabilities in March 2026, creating a unified finance platform for digital assets and traditional currencies. The company is backed by Morgan Stanley Expansion Capital, Prysm Capital and counts PayPal veterans among its board and investor group.

About Sokin

Sokin was founded in 2019 with a simple vision to remove borders, barriers and burdens associated with international payments. Today it enables global businesses to send and exchange more than 70 currencies and hold balances in 26 currencies with its multi-currency IBAN and local currency accounts — all through one comprehensive platform that streamlines cross-border accounts payable, receivable, and treasury operations. Headquartered in the United Kingdom, the company has offices in the United States, Canada, United Arab Emirates, Singapore, Mexico, Norway and India. For more information, visit www.sokin.com.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft. The cooperation with Sokin as described in this merchant update underlines Adyen’s continuous growth with existing and new customers over the years.

Media Contact

James Hannaford
Chief Growth Officer
James.hanaford@sokin.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sokin-and-adyen-partner-to-give-us-businesses-a-single-solution-for-ecommerce-payments-and-treasury-operations-302756603.html

SOURCE Sokin

Continue Reading

Technology

VERSABANK ANNOUNCES INDUSTRY BREAKTHROUGH INNOVATION IN POINT-OF-SALE FINANCING WITH START OF PILOT PROGRAM FOR AI-ENABLED REAL-TIME STRUCTURED RECEIVABLE PROGRAM

Published

on

By

– Industry First Real-Time SRP Capability Significantly Expands VersaBank’s Addressable Point-of-Sale Market in Both Canada and United States; Provides Immediate Economic Benefit to Existing Partners –

– Real-Time Funding Capability Significantly Strengthens Bank’s Competitive Advantage by Providing Immediate Incremental Economic Benefit to Existing Partners –

LONDON, ON, April 29, 2026 /CNW/ – VersaBank (TSX: VBNK) (NASDAQ: VBNK) (“VersaBank” or the “Bank”) a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced it has commenced a pilot program with one of its major Structured Receivable Program partner, FinanceIt Canada Inc. (“FinanceIt”), for the Bank’s new Real-Time Structured Receivable Program (“Real-Time SRP”) (the “Pilot Program”). The purpose of the Pilot Program is to demonstrate the functionality and operational integrity of the Real-Time SRP in a limited-scale, real-world scenario to refine the solution for full implementation by FinanceIt and simultaneous roll out to all VersaBank’s current and prospective SRP partners in both Canada and the United States.

VersaBank’s Real-Time SRP is a breakthrough innovation in point-of-sale financing, providing the same reliable, economically attractive funding solution as the Bank’s existing SRP, with the additional benefit of eliminating the need for SRP partners to warehouse multiple receivables over a period of time (typically from five to 30 or more days). This enables the Bank’s SRP partners to finance individual loans within just hours, reducing the overall financing cost and the need for warehouse financing. It also further strengthens VersaBank’s exceptional risk mitigation capabilities by enabling the Bank to better leverage its own, internal AI platform through evaluation of the partner loans underlying the SRP receivables on an individual basis.

“VersaBank’s Real-Time Structured Receivable Program takes our unique and highly successful digital point-of-sale financing solution to a whole new level, further extending our competitive advantage and, more importantly, significantly expanding the addressable market for our SRP on both sides of the border,” said David Taylor, Founder and President, VersaBank. “In Canada, we expect the launch of our Real-Time SRP to enable us to win additional financing business with our existing partners while enabling us to acquire new partners with more specialized financing needs that we were previously unable to address. In the United States, where our current SRP has been very well received by the point-of-sale industry and demand is exceeding our expectations, the addition of real-time capability will enable us to further capture market share from securitized financing providers, expanding our growth potential there.”

Mr. Taylor continued, “Our Real-Time SRP is yet another in our long track record of firsts in the banking industry. We are, as we always have been, as much a software and technology company as we are a national, federally licensed bank. The Real-Time SRP is the result of our relentless pursuit of continuous innovation to address underserved markets in the banking industry based on our internally developed, proprietary core banking software, which is now being supercharged by the addition of our own AI technology.”

“We are especially proud to be bringing this cutting-edge innovation to this time in support of both the Canadian Federal Government’s and the Office of the Superintendent of Financial Institutions’ stated desire to support the economic activity of both small business and consumers.”

“VersaBank’s Real-Time SRP is a game changer. The ability to instantly finance individual loans significantly enhances the efficiency and economics of our long-standing strategic relationship with VersaBank and is aligned with our own long term innovation objectives.” said Casper Wong, CEO of FinanceIt. “For more than a decade, VersaBank’s Structured Receivable Program has been foundational to our growth and success. We look forward to the significant additional benefits that the Real-Time SRP will generate for our business.”

ABOUT VERSABANK’S STRUCTURED RECEIVABLE PROGRAM

VersaBank’s Structured Receivable Program (“SRP”) is an innovative and highly attractive digital funding solution for finance companies that lend money to consumers and small businesses for what are typically “big ticket” purchases (e.g. consumer home improvement/HVAC projects and a wide variety of commercial equipment). It was specifically designed to address an unmet need in the market for consistently available, readily accessible financing with economically attractive capital designed to maximize return on equity while employing VersaBank’s proprietary, state-of-the-art banking technology.

As of January 31, 2026, VersaBank’s SRP portfolio exceeded CAD$4.4 billion (US$3.2 billion) and has grown at a compounded annual rate of 33% over the last five years. The Bank’s SRP was launched into the United States in late fiscal 2024 and completed US$310 million in fundings in its first year, surpassing the Bank’s first year target of US$290 million. Since VersaBank’s RPP was first launched 2010, the Bank has provided more than CAD$14 billion (US$10 billion) in funding to North American financing companies. The SRP is designed to provide scalable, capital‑efficient growth for the Bank with strong credit performance and attractive risk‑adjusted returns.

ABOUT VERSABANK

VersaBank is a North American bank with a difference. Federally chartered in both Canada and the U.S., VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity. In August 2024, VersaBank launched its unique Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the underserved multi-trillion-dollar U.S. market. VersaBank also owns Minnesota-based DRT Cyber Inc., a North American leader in the provision of cyber security services to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities. Through DRT Cyber Inc., VersaBank owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including the Bank’s revolutionary and proprietary Real Bank Tokenized DepositsTM.

VersaBank’s common shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

Visit our website at: www.versabank.com

Follow VersaBank on Facebook, Instagram, LinkedIn and X.

View original content to download multimedia:https://www.prnewswire.com/news-releases/versabank-announces-industry-breakthrough-innovation-in-point-of-sale-financing-with-start-of-pilot-program-for-ai-enabled-real-time-structured-receivable-program-302757090.html

SOURCE VersaBank

Continue Reading

Technology

LTS Expands CDMO Portfolio with Ophthalmic Drug Delivery Solutions

Published

on

By

ANDERNACH, Germany, April 29, 2026 /PRNewswire/ — LTS LOHMANN Therapie-Systeme AG (“LTS”), a leading pharmaceutical technology company specializing in advanced drug delivery systems, today announced the expansion of its service portfolio to include CDMO services for ophthalmic drug delivery solutions, with manufacturing capacities located in the United States at LTS’ Lakewood, New Jersey facility.

The new offering focuses initially on product development through clinical manufacturing of sterile ophthalmic products, filled in preservative–free multidose devices. Leveraging its established commercial aseptic manufacturing capabilities in nasal sprays and vials, LTS is well positioned to meet the high quality and regulatory demands of ophthalmic treatments, including products for chronic and acute eye conditions.

Building on decades of experience in drug delivery technologies, LTS ultimately plans to offer end–to–end CDMO services for ophthalmic drug products, ranging from formulation development through commercial manufacturing. All activities will be conducted in compliance with global regulatory standards, supporting both U.S. and international market requirements.

“Ophthalmic drug delivery presents unique challenges in terms of sterility, efficacy, and patient safety,” said Bas van Buijtenen, CEO at LTS. “Our aseptic manufacturing capabilities in Lakewood, are the perfect foundation to build industry-leading CDMO capabilities and capacity for ophthalmics, powering the future of drug delivery in this field in North America. We look forward to extending our purpose – We CARE. We CREATE. We DELIVER -towards an even wider group of customers, therapies and patients.”

The expanded CDMO services are intended to support pharmaceutical and biotech companies seeking a reliable U.S.-based manufacturing partner for ophthalmic drug delivery solutions. By combining development expertise, sterile manufacturing infrastructure, and a strong quality culture, LTS aims to act as a long–term partner across the entire product lifecycle.

This portfolio expansion reflects LTS’s strategic commitment to continuously broaden its technology and service offerings and to address growing demand for specialized drug delivery solutions in sensitive therapeutic areas.

About LTS Lohmann Therapie-Systeme AG
At LTS, our purpose drives everything we do: We CARE for patients, our partners, employees and communities, we CREATE innovative drug delivery solutions, and we DELIVER high-quality products to global markets with an exceptional track record in commercial manufacturing. As a global CDMO, we offer end-to-end development and manufacturing services for pharmaceutical and biotech companies.

Our technology portfolio spans transdermal patches, oral thin films, nasal and sterile drug delivery products, wearable drug delivery devices as well as microneedle array patches. With over 40 commercial products and 50+ active development programs, we combine deep expertise with patient-centric innovation to advance small molecules, biologics, and vaccines.
Operating from five global sites in the US, Germany and Israel and a representative office in China, LTS powers the future of drug delivery.

For further information, please contact:

LTS Lohmann Therapie-Systeme AG
Dr Iris Schnitzler: iris.schnitzler@ltslohmann.com
+492632-992589

SOURCE LTS Lohmann Therapie-Systeme AG

Continue Reading

Trending