HONG KONG: Property developer China Evergrande Group on Thursday said it will invest US$239.53 million (1.65 billion yuan) into six high-tech projects by the Chinese Academy of Sciences, including one aimed at building the world’s fastest supercomputer.
The other projects involve artificial intelligence, surgical robotics, unpiloted aircraft, health engineering and graphene. Together, the six projects have a current value of 4.6 billion yuan, Evergrande said in a statement.
The investment is the first from a total 100 billion yuan that Evergrande agreed with the academy to inject into high-tech sectors earlier this year.
Evergrande Chairman Hui Ka Yan first announced in March that the property developer would explore opportunities in high-tech sectors to drive growth.
It set up a subsidiary in April focusing on high-tech agriculture.