Premier Kathleen Wynne’s trade mission to China last November is continuing to help create high-value jobs in Ontario at companies such as technology startup 500px.
The Premier highlighted this success today during a visit to the Toronto headquarters of 500px, a global online photography community for sharing, discovering and licensing photos. 500px has already hired 14 new employees in Ontario as a result of a venture capital agreement it announced during the China mission, and it plans to hire about 10 more people by the end of this year. The agreement with the Visual China Group — part of a Series B financing round worth $14 million — will allow 500px to expand its global operations and its headquarters in Ontario.
This agreement illustrates how Ontario’s Going Global Strategy is helping startups across the province tap into global markets. International trade missions are a critical way for the government to attract new investment, foster innovation and increase global exports.
“We are pleased with the connections we strengthened during Premier Wynne’s trade mission to China,” 500px CEO Andy Yang said. 500px was founded in 2009, and is used by over 7 million photographers.
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