Y3 Technologies and Shandong e-Hualu Sign Strategic Partnership Agreement to Collaborate on Smart City and One Belt, One Road Projects in China
The agreement will see both parties kickstart major pilot projects in several Chinese cities to elevate and enhance supply connectivity in line with the One Belt, One Road Initiative.
Y3 Technologies, Singapore’s supply chain and omni-channel solutions leader, has entered into a strategic framework cooperation agreement with Shandong e-Hualu Information Technology, a leading player in the area of smart city solutions, specializing in core software development, data mining and decision support, systems integration and operational services. A subsidiary of Beijing e-Hualu Information Technology Co. Ltd, Shandong e-Hualu Information Technology operates under one of the largest state-owned enterprises in the IT sector in China – China Hualu Group Co. Ltd.
The cooperation agreement was officially signed on 16th May 2017 by Mr. Marc Dragon, CEO of Y3 Technologies and Mr. Wang Haibo, Senior Vice President, Board Director and General Manager of Shandong e-Hualu Information Technology. The objective of the agreement will be to leverage Shandong e-Hualu’s know-how in smart city solutions and local market context and Y3 Technologies’ innovative pedigree and domain expertise in supply-chain technology and omni-channel solutions to enhance regional connectivity and enable seamless flow of products on a mega scale with speed, accuracy and reliability.
Under the agreement, both parties will commence pilot projects in the Chinese cities of Jinan, Ganzhou, Xuzhou, Dezhou, Penglai, Yiwu and Linyi. In line with the One Belt, One Road Initiative, the focus of the projects will be to readily unlock opportunities to elevate the standard of supply chain and logistics services through technology.
“We are looking forward to this new strategic framework cooperation with Shandong e-Hualu Information Technology as the development of the logistics and supply chain ecosystem coupled with the evolution of smart cities in the world’s largest market will help contribute to the success of the One Belt, One Road initiative. Through this cooperation, we will continue our commitment to providing our technological and technical expertise to enhance connectivity on a city-wide as well as regional scale’”, said, Marc Dragon, CEO of Y3 Technologies.
Mr. Wang Haibo, Senior Vice President, Board Director and General Manager of Shandong e-Hualu Information Technology expressed his heartfelt thanks to the Jinan City High-Tech Zones Management Committee, Qilu Software Park Management Committee and Shandong Provincial Cultural Industry International Chamber of Commerce, who were in attendance to witness the signing of the agreement, for their continual support of the development Shandong e-Hualu Information Technology.
Speaking at signing ceremony, the President of Shandong Provincial Cultural Industry International Chamber of Commerce, Mr. Yu Zeshui, thanked Y3 Technologies for putting their trust and willing cooperation with Shandong e-Hualu Information Technology and praised both parties’ efforts in upholding the innovative and pragmatic spirit of, “daring to dream and make history; and using science and technology to create the future”.
The two-year partnership agreement combines the respective capabilities of both parties to explore enterprise and government cooperation, which will promote the rapid development of the One Belt, One Road Initiative.
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