Press release

New Policies Benefiting KONKA, a Technology-Based Enterprise

Sponsored by Businesswire

The document released by the CPC Central Committee and the State Council on August 18 presents the blueprint of the future of Shenzhen, Guangdong, China. In terms of actions taken, KONKA Group (SZSE: 000016), as a technology-based enterprise that has been growing and prospering together with the regional economy in Shenzhen, highly complies with the strategies of innovation laid down by the government under the new situation in China.

As a cross-border technology project incubation and investment platform of KONKA, KKSTAR has set up 15 innovation bases in seven Chinese cities and five foreign countries. Further, it will set up a new overseas innovation center in London, UK by this year. In addition, it is actively preparing to establish innovation centers in Israel, Italy, Japan and other countries. KONKA has chalked out its global expansion strategy for the next three years, wherein it will set up its innovation bases in multiple popular cities around the world, in the hope of bridging global entrepreneurs with global entrepreneurial resources. Meanwhile, complying with the local policies, KONKA will continue to attract high-level international talents.

KONKA was founded in Shenzhen in 1980. In 1998, the market share of KONKA’s color TV sets ranked first in China. Over the past 40 years – since the reform and opening-up, KONKA has made remarkable contributions to the development of Shenzhen, making itself as a business icon of Shenzhen.

The “innovation gene” of KONKA has been continually giving full play to its extraordinary potentials to the maximum. In January this year, KONKA Group won the National Award for Science and Technology Progress, which is the highest award for scientific and technological innovation in China. Recently, KONKA is setting about building a nation-level technology-based enterprise incubator focusing on projects featuring 5G and a new generation of information technology, medical healthcare and modern education among others.

As a company with a long history, KONKA has proved that it is capable of making sustainable innovation and gaining market’s trust. It is of great significance for KONKA, as it is actively promoting its global layout in the hope of developing itself into a global benchmark enterprise with prominent competitiveness, creativity and influence.