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Tianfu New Area Accelerates the Construction of a Modern Industrial System

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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 Chengdu–Chongqing (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

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Suunto Launches Race 3S: Next-Generation Performance Watch in a Compact Titanium Case

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Suunto’s next-generation performance watch brings up to 38 hours of dual-band GPS battery, a 2,000-nit AMOLED display, and free worldwide offline maps in a 56 g build, debuting alongside Suunto’s new AI Coach.

VANTAA, Finland, Oct. 21, 2026 /PRNewswire/ — Suunto launches Suunto Race 3S, a new-generation flagship performance watch. Built for smarter training, with features designed especially for trail running, Race 3S brings together up to 38 hours of dual-band GPS battery, a 2,000-nit AMOLED display, and a full set of intelligent trail tools at just 56 g. It is a watch built to go further and move lighter, so a long day in the mountains stays simple.

First launched in 2023, the Race series established Suunto’s position as the choice for athletes who train with intention and perform when it counts. Suunto Race 3S carries that standard into a compact 46 mm case sized to sit well on smaller wrists, and holds on to long-lasting battery life, a flagship display, and the complete trail toolkit alongside it.

“People have more performance data at their fingertips than ever, but turning all that information into something useful can be a challenge,” said Daniel Das Bhowmik, VP Product at Suunto. “We built Race 3S to carry long-lasting battery life in a case compact and light enough to forget, and we’re launching it alongside Suunto AI Coach to make things simple again: turning questions and personal data into clear, actionable answers.”

Battery for the Long Haul

No runner should plan a race around a battery bar. Suunto Race 3S gives them room to plan the race instead: up to 38 hours in dual-band GPS mode (up to 32 hours with the always-on display on), compared with up to 30 hours on Race S, with full positioning accuracy switched on the entire time. Additional battery modes reach further still, including a smartwatch mode with up to 12 days of battery life for everyday wear.

For runners used to planning a session around what the watch has left, that is up to eight more hours of pacing, navigation, and heart rate on the wrist than Race S. Training runs finish the way they were planned, races carry data all the way to the line, and the charger stays at home.

A Compact Build With Flagship Performance

The best watch on a long climb is the one a runner stops noticing. At 56 g with the silicone strap, 38 g for the watch head alone, Suunto’s Race 3S sits close to the wrist at roughly the weight of two energy gels, with a compact fit that works well for smaller wrists, too. A titanium bezel and sapphire crystal lens handle rock, scrub, and repeated impact.

Inside, the new-generation Apollo 510 processor drives faster response across maps and menus, and an upgraded optical heart rate module with six LEDs and four photodetectors behind 2.5D curved sensor glass holds accuracy through arm swing, sweat, and cold. Pair a Suunto heart rate belt to enable ZoneSense and it reads true intensity straight from the body’s response.

Suunto AI Coach Debuts With Race 3S

Race 3S marks the debut of Suunto AI Coach, an AI-powered conversational coaching experience in the Suunto app. It turns your Suunto data into insight, guidance and action, helping you understand your data, know where you stand and decide what to do next.

Ask Suunto AI Coach anything about your training, and it answers clearly and in context, with guidance and visuals such as charts, tables and maps, plus next steps whenever you want them. When you want to act, it creates structured workouts, training plans and routes; workouts and routes can then be saved in the Suunto app and synced to your watch. Customers who purchase and pair Suunto Race 3S can get three months of Suunto AI Coach free by activating their watch through the Suunto app by 31 December 2026.

Precision in Every Terrain, Free Maps Worldwide

When the trail disappears under canopy or into a canyon, the line on the wrist stays put. Positioning offers better overall performance, notable through forests, canyon walls, and switchbacks. Free worldwide offline maps now add contour lines and place names for an instant read on where you stand. They download straight to the watch and run entirely on board, subscription-free, so the terrain travels with the runner wherever the trail goes.

A Race Strategy Set Before the Gun

The hardest racing decisions arrive when a runner is least equipped to make them. Suunto Race 3S makes them early instead. Climb Guidance shows what the trail does next, climb or descent, updated in real time, so effort can be placed in advance: know a descent is coming, and save the legs for the climb after it.

Race Planner will build a personalized pacing plan from the route, the weather, and a runner’s race goal, with real-time guidance to hold pace on race day.*

A Display You Can Read in Full Sun

Mid-race data only counts if it can be read mid-stride. The 1.32-inch LTPS Hybrid AMOLED reaches 2,000 nits, more than three times the brightness of Race S, at 466 × 466 resolution. In midday glare above the treeline or on a 4 a.m. start in the dark, pace, distance, and the next turn stay readable at a glance.

Everything You Run With, on One Wrist

64 GB of onboard storage holds maps, routes, training data, and offline music.** It offers over 100 sport modes, including running, cycling, swimming, gym work, and multisport. Race 3S is available in three colorways: Orchid, Feather, and Black.

*Race Planner is planned for launch via a future Suunto app and firmware update. Features, availability, and timing are subject to change. Please refer to the latest official information from Suunto.

**Available via an over-the-air software update following product launch. Availability timing is subject to official announcement.

Read more about Suunto AI Coach at https://us.suunto.com/pages/suunto-ai-coach

Availability:
EMEA: October 15th
CHINA: October 15th
NAM: October 29th
APAC: October 29th

Race 3S will be sold through Suunto’s direct-to-consumer channels and authorized outdoor and running retail partners across North America, Europe, and key Asia-Pacific markets.

Pricing: EUR 499 / USD 599

Colors: Purple, Grey, Black

Images for media use: https://media.suunto.com/pub/collection/7d1b229aace5399e4c0c117efcaf1bdf?locale=en

About Suunto

Suunto is a Finnish brand, established in 1936. It was founded by Finnish inventor Tuomas Vohlonen, who pioneered a new standard for navigational precision. That same year, his innovation – a field compass – was stronger, steadier, and more accurate than any other handheld navigational tool of its time. It was the first of many Suunto products built to withstand the harsh conditions of our native Finland.

In the near century since, Tuomas’s spirit of innovation has continued to chart Suunto’s course. From some of history’s first dive computers and high-altitude wrist altimeters to today’s GPS watches, Suunto remains a trusted companion for outdoor adventurers across the globe.

Supporting explorers, athletes, and weekend warriors alike remains our core mission – providing the tools to dive deeper, climb higher, and push the limits of human potential.

www.suunto.com

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SOURCE Suunto

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/R E P E A T — Media Advisory – Minister Hodgson to hold media callback following his visit to the United Kingdom/

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OTTAWA, ON, Oct. 20, 2026 /CNW/ — The Honourable Tim Hodgson, Minister of Energy and Natural Resources, will hold a callback with Canadian media to discuss the outcomes of his visit to London, U.K., for London Metals Exchange (LME) Week on October 19 and 20, 2026.

Date: Wednesday, October 21, 2026

Time: 1 p.m. EDT

All accredited media are asked to pre-register for the callback by emailing media@nrcan-rncan.gc.ca. Details on how to participate will be provided upon registration.

Follow Natural Resources Canada on LinkedIn

SOURCE Natural Resources Canada

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S4 Capital’s Monks Accelerates Regional Growth Strategy in EMEA and APAC Expanding Nirvik Singh’s Remit to APAC, Names Ash Smith Executive Vice President, Asia Pacific and Fay Denis du Peage Managing Director, Australia and New Zealand

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LONDON, Oct. 21, 2026 /PRNewswire/ — Monks, the purely digital, unitary operating brand of S4 Capital plc, today announced an evolution of its regional leadership across EMEA and Asia-Pacific. As global brands demand more agile, connected and AI-enabled marketing models, Monks is expanding its integrated Marketing and Technology Services footprint to help multinational clients operate at speed and scale across both regions.

Positioned as a change agent for modern enterprise brands, Monks unifies three core capabilities—Intelligence, Creation and Orchestration—through its flagship Monks.Flow platform to build brands as living systems. Across Asia Pacific, this evolution allows Monks to deliver end-to-end marketing transformation, helps clients accelerate media performance, eliminate operational silos and orchestrate intelligent marketing that turns real-time data into measurable business impact.

To lead this next chapter, Monks has expanded the leadership remit of Nirvik Singh to lead both EMEA and Asia Pacific, reporting to Bruno Lambertini, CEO of Marketing Services. Working alongside Nirvik, Ash Smith joins Monks as Executive Vice President, Asia Pacific, effective 13 November 2026. Fay Denis du Peage has been appointed Managing Director, Australia and New Zealand, effective immediately.

Nirvik recently stepped down as a Non-Executive Director from the S4 Capital Board to join Monks as CEO of Marketing Services, EMEA. In the new expansion of his role to APAC, he will integrate oversight for Marketing Services across both regions, recognizing the connected growth opportunities and delivering greater value and scale for clients.

Nirvik brings more than 35 years of experience in the industry, most recently as Global Chief Operating Officer and President International at Grey Group. Nirvik has spent decades running multi-region businesses and partnering with enterprise brands including Procter & Gamble, The Coca-Cola Company, Volvo and Haleon to navigate complex market dynamics and deliver commercial impact.

Reporting to Nirvik, Ash Smith will focus on accelerating regional business growth, strengthening client partnerships and scaling Monks’ product and solutions capabilities across Asia Pacific. Ash brings more than 18 years of experience across Australia, Europe, China, Hong Kong and Southeast Asia, spanning product development, client solutions, innovation and business leadership. Throughout his career, he has focused on combining human intelligence, data and technology to create value for brands, translating local and regional market insights into innovative solutions and business growth.

Prior to joining Monks, Ash served as Chief Product and Solutions Officer for JAPAC at Tag, a Dentsu company, where he led the talent, products and technology needed to address complex client challenges, including driving Tag’s AI and innovation agenda. Previously, as Managing Director for Southeast Asia, he built strategic client partnerships and developed integrated, scalable solutions by bringing together expertise from across the network, delivering strong business growth.

Over his career, Ash has worked with leading global brands across technology, CPG, luxury and automotive, building long-term partnerships and delivering solutions that drive real-world impact. He has also shared his perspectives at industry forums, most recently NRF and ATS.

“We are excited to welcome Ash to our leadership team in Asia Pacific as we continue to scale our integrated offering and deepen our partnerships with clients across the region. His experience spanning client leadership, product, solutions and innovation will be valuable as we bring together creative, media, production, data and technology to deliver greater agility, efficiency and real-time relevance for brands. As we continue to advance our unitary model and the capabilities enabled by Monks.Flow, Ash will play an important role in translating our regional ambitions into meaningful outcomes for our clients and our business,” said Nirvik Singh, CEO, Monks EMEA and APAC.

Ash joins Monks as the company continues to evolve its integrated Marketing and Technology Services offering, bringing together creativity, media intelligence, production, data, and technology to help brands compete in an increasingly complex and fast-moving market. Through Monks.Flow, its flagship AI ecosystem for marketing orchestration, Monks is connecting insights, creativity, and execution to enable real-time relevance and turn marketing into a growth engine. Ash’s experience in product and solutions leadership, AI innovation and integrated client partnerships will support the continued development and deployment of these capabilities across Asia Pacific.

“The best agencies don’t just make work, they solve problems. When people and technology come together in the right systems, we can move faster, think bigger and unlock growth for brands in ways that weren’t possible before. That means bringing media, creative, production and data to the table as one team, not a set of silos. Our job is to put clients at the centre of everything we do and help them win through new ideas and experiences,” said Ash Smith, incoming EVP, Monks Asia Pacific.

Based in Sydney, Fay Denis du Peage will report to Ash Smith and lead Monks’ growth and market development across Australia and New Zealand. She will focus on strengthening the local offering, deepening client partnerships and bringing together Monks’ capabilities across creative, media, data and technology.

Fay brings experience across media, data, digital and operations from her career at Monks and MightyHive. She steps into the role after serving as Senior Vice President, Media, APAC, where she has helped strengthen Monks’ regional media proposition and drive greater integration across data, technology and media.

“AUNZ is a sophisticated and fast-moving market, and there is a significant opportunity for Monks to bring more of our capabilities together around the challenges our clients are facing, empowering them to become Real-Time Brands. The future of marketing isn’t about one discipline working in isolation—it’s about connecting media, creativity, data and technology with AI to create better outcomes in real time. My focus will be on making that capability even more relevant and accessible to clients, while building on the strength of our local teams and partnerships. I’m excited about what we are about to create together in the market,” said Fay Denis du Peage, Managing Director, Australia and New Zealand, Monks.

“Nirvik and Ash bring complementary leadership experience and a strong understanding of what clients need in an increasingly complex and fast-changing market. With Nirvik’s expanded regional leadership and Ash’s expertise in client solutions, product, and innovation, we are strengthening our ability to drive growth, connect capabilities, and deliver greater value for clients across our markets. Fay’s appointment is an important step in strengthening our presence across AUNZ, with Australia as our largest APAC market. I would also like to thank Kenny Griffiths for his leadership and the valuable contributions he has made to Monks,” said Bruno Lambertini, CEO, Marketing Services, Monks.

Media Inquiry

Evelyn Hsu
VP, Marketing and Communications, APAC
Evelyn.hsu@monks.com

About Monks

Monks is the global, digital-first, data-driven, unitary operating brand of S4 Capital plc. With a legacy of innovation and specialized expertise, Monks combines an extraordinary range of global Marketing and Technology Services to redefine how brands interact with the world. Through Monks.Flow, its flagship AI ecosystem for marketing orchestration, Monks transforms marketing into a growth engine, collapsing timelines and connecting brands to culture in real time. By deploying bespoke intelligent agents across disciplines and delivering culturally relevant, high-impact creative and digital solutions, Monks solves key critical business challenges across the entire brand enterprise to help brands sustain long-term impact.

Monks was named a Contender in The Forrester Wave™: Global Marketing Services and a leader in the 2026 Gartner® Magic Quadrant™ for Global Digital Marketing Agencies. It ranks among Cannes Lions’ Top 10 Creative Companies (2022-25) and remains the only partner featured in AdExchanger’s Programmatic Power Players list every year (2020-24). Named Adweek’s first AI Agency of the Year (2023) and The One Show’s inaugural AI Pioneer Organization (2025), Monks was also awarded Business Intelligence Group’s 2026 Excellence in Artificial Intelligence Award in the Human-Machine Interaction Team category. Additionally, Monks.Flow earned AI-based Marketing Solution of the Year at the 2026 AI Breakthrough Awards and a 2026 Global Generative AI Award in the Agentic Marketing Innovation category. Finally, Monks achieved a record-breaking number of FWAs and continues to hold the most of any partner.

About S4 Capital

S4 Capital is a purely digital advertising and marketing services business built for global, multinational, regional and local clients, as well as millennial-driven influencer brands. The business operates through two data- and digital-media-driven practices: Marketing Services and Technology Services, emphasising ‘faster, better and more efficient’ execution in an always-on, consumer-led environment. Its unitary structure positions the Company as a systems integration partner delivering real-time relevance in the post-agency era.

The Company has approximately 6,200 people in 34 countries, with approximately 82% of net revenue across the Americas, 12% across Europe, the Middle East and Africa, and 6% across Asia-Pacific. The longer-term objective is a geographic split of 60%:20%:20%. Marketing Services accounted for approximately 91% of net revenue and Technology Services 9%. The target allocation is a practice split of 75%:25%.

Sir Martin Sorrell was CEO of WPP for 33 years, building it from a £1 million ‘shell’ company in 1985 into the world’s largest advertising and marketing services company, with a market capitalisation of over £16 billion on the day he left. Prior to that, Sir Martin was Group Financial Director of Saatchi & Saatchi Company Plc for nine years.

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