Street set to cater to innovation
Print Edition
BEIJING’S Zhongguancun, one of the country’s leading technology hubs, plans to upgrade its core 7.2-kilometer-long street area into one serving innovation and business startups, it said yesterday.
Under the plan, the area will cover key universities such as Peking and Tsinghua and electronics shopping centers. Some 36 office buildings are on both sides of the street, which houses more than 6,000 companies.
The street will shift to providing services to enhance technological financing, innovation and business startups, creative culture as well as industries connected to information, big data and smart hardware.
“After the transformation, the street will be a window for the outside to see the achievements in innovation and startups of Zhongguancun,” said Yan Xiumin, deputy director of the Zhongguancun Haidian Park.
In June 2014, a 220-meter-long section of the street started to transform and has attracted nearly 40 companies serving business startups.
In the first eight months of this year, the revenue of the high-tech firms in Zhongguancun hit 2.1 trillion yuan (US$331 billion), an increase of 10.8 percent year on year.
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