Hengtong has overseas vision

Editor's note: In this ongoing series on the birth and growth of privately owned Chinese companies that are redefining innovation, China Daily profiles Hengtong Group Co Ltd, a Jiangsu-based company engaged in optical fiber manufacturing and electric power and network construction, which eyes overseas expansion.

Hengtong Group Co Ltd, a Jiangsu-based company engaged in optical fiber manufacturing and electric power and network construction, aims to establish two to three overseas bases and achieve two to three overseas acquisitions annually. This plan is aligned with the country's Belt and Road Initiative.

The company is making efforts to speed up its overseas market activity. It has established seven research and development centers overseas, and set up branches for marketing and technology services in more than 30 countries and regions.