Chengdu stories

Chinese local government poised to invest in high tech startups – just move there
Wed, 10th May 2017
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risk & compliance
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investment
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fundertech
Free rent for the first three years, subsidies on intellectual property, and $10million angel investment funds – it’s almost too good to be true.

Rakon braces itself for $54m loss
Fri, 6th Sep 2013
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rakon
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shareholders
Rakon faces a staggering USD $54 million net loss for 2014 due to a USD $37 million write-down on its Chinese investment, causing shares to plummet 8.7%.

Rakon to cut 60 NZ jobs
Tue, 6th Nov 2012
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jobs
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rakon
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air new zealand
Rakon to cut 60 New Zealand jobs, shifting manufacturing to China and India to cut costs and improve profits by NZD $10 million annually.