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"China Unicom is our ideal partner for promoting satellite communications in the Belt and Road regions. The agreement aims at addressing the fast-growing market in the Asia-Pacific region," said Rodolphe Belmer, CEO of Eutelsat.
"By focusing on resolving complex problems based on previously tested experiences in similar development contexts, developing countries can support each other by sharing more adaptive, locally relevant and usually cheaper solutions," Rosellini said.
"California is just so close to China; I think this might be the major reason why Chinese investors prefer California," Guo Ruda, commercial attaché of the Chinese Consulate General in Los Angeles, said at the hearing.
"China is the leader in delivering products, services and applications that drive the internet of things. Cypress is leading in delivering intelligent, secure and connected solutions. Together, we can imagine and build the future we all want to see," he said.He made the remarks on Wednesday at a ceremony held in Beijing to celebrate the company's 20th anniversary in the Chinese market."Seeing China's rapid development during the past 20 years, we are now actively embracing IoT, smart connected vehicles and other emerging technologies,"El-Khoury said.With its new Made for China & Enable China strategy, the company will further increase spending on hiring talent and research and development, with the aim of meeting local clients' demand for localized, high-quality services.With more than 300 local employees, the Nasdaq-listed company has established branches in Beijing, Shanghai, Shenzhen in Guangdong province, Chengdu in Sichuan province and Hong Kong. The company has partnered with dozens of local companies, including Alibaba, Huawei and Xiaomi.
"Catering enterprises generally don't have much assets in stock－to reserve cash for two-and-a-half months at maximum. That's why continuous revenue plays an important role," he said, adding how long before circumstances improve would determine the survival of many companies in the sector, especially small- and medium-sized firms.
