Finance News

‘Wavespace’ embraces innovation

ERNST & Young yesterday launched its first China “wavespace” flagship center in the Shanghai World Financial Center to help local startups embrace innovation and to seek new business growth by combining new digital technologies.

The Shanghai center is the 15th for EY globally, and three more will be unveiled in the second half of this year, joining its connected global network of growth and innovation centers.

EY intends to leverage its global knowledge to lower costs for enterprises by using external resources while improving efficiency.

It provides virtual reality gadgets, cloud computing facilities and Internet of Things trial solutions for startups, as well as external collaboration opportunities with industry players and investment institutions.

The EY Shanghai “wavespace” includes a design studio and an incubator which will specialize in emerging technologies such as artificial intelligence, Blockchain and the IoT.
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