Close this search box.

We are creating some awesome events for you. Kindly bear with us.

China Supports Industrial Internet Companies to Expand by Going Public

China is pushing its digitally-transformed industries to go public. It’s a long-drawn-out process that has to be done right, not to mention significant costs as the transition could cost the company. However, an enterprise that does an Initial Public Offering (IPO) on a major stock exchange becomes transparent to public scrutiny and thereby could attract more needed capital and top-tier talent.

The Ministry of Industry and Information Technology (MIIT), China’s top agency to oversee the industry, disclosed its work plan recently that pointed out the government’s willingness to give its support to the IPO of notable industrial internet companies. The immediate goal is to drive deeper the digital transformation of the industry, specifically to make the most of the industrial internet.

The industrial internet is what Industry 4.0 is all about. In theory, it is the collaboration of the best of digital technology with physical production. By employing the Internet of Things (IoT), Machine Learning (ML), Artificial Intelligence (AI) and Big Data technologies, for instance, a more holistic approach to production can be made possible. In the end, manufacturers will see “machines that talk to one another” or a more interconnected ecosystem.

Industry 4.0 has been looked upon as the next-level transformation of today’s industries. It is also called the Industrial Internet of Things (IIoT). In such a much more connected environment, tracking the delivery and transport of products is possible. That way, companies can monitor arrival times and manage logistics far more efficiently.

China’s plan is to accelerate the spread of Industry 4.0 and make its industries more capable of greater production and delivery. Specifically, the plan detailed more concentrated efforts to widen the application of 5G technology when it comes to using it for the industrial internet. Thus, it is encouraging the construction of more and more companies that make the most of 5G technology.

According to government data, there are 10 such industrial internet manufacturing enterprises that are set to be built with 5G technology. A trial period should be in order as these companies incorporate Industry 4.0 into their processes.

While an IPO brings a host of advantages to the table, it’s not without risks. It may appear like the go-to step for a large company that is doing well in the market. However, a board member of such a company should weigh the options before voting for his organisation to jump in.

There’s the issue of costs as companies will have to hire a team of consultants, lawyers and investment bankers to make the transition as smooth as possible, a process that could entail a minimum of a year. Plus, all the public scrutiny means board members are accountable to a more stringent set of standards. Lastly, it’s no guarantee that going public is the road to riches.

China’s digital transformation is steadily increasing. It’s apparent in people’s daily lives. A good example here is how people in its cities are enjoying the services of driverless cars that park themselves. With the rate the technology is being adopted, it won’t be surprising that such smart cars would become mainstream.

E-commerce firms are already using the technology. Many of their deliveries today are made via self-driving cars and drones. It’s a great convenience in times of distress. For instance, these driverless vehicles are a shot in the arm for Shanghai while the city was battered by the virus as reported on OpenGov Asia.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.