Sany aims for cutting-edge tech

Industry giant will invest 500m yuan in data-based networks to boost capacity

Sany Group Co Ltd, one of China's leading machinery equipment manufacturers, is poised to invest heavily in the internet of things and committed to sharing its benefits with more small and medium-sized manufacturers to help drive the new round of industrial upgrading, said executives of the company.

The private manufacturing giant, based in Hunan and with headquarters now in Beijing, will invest a further 500 million yuan ($72.6 million) in five years in its data-based network to enhance its intelligent manufacturing ability, after spending 1 billion yuan over the past eight years to build up its smart working platforms.