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Shui On sees bigger high-tech community
By Zhu Shenshen |
September 15, 2010, Wednesday
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Shui On Land, controlled by Hong Kong tycoon Vincent Lo, plans to expand its innovation community in the northeast of Shanghai by up to 1 million square meters within two to three years, the company said yesterday.
The property developer signed an agreement yesterday with Hong Kong Cyberport Management Co to cooperate on information sharing, talent exchange and international marketing.
Shui On developed its Knowledge and Innovation Community on a 750,000 square-meter land in Yangpu District. In the next stage, the firm will release 290,000 square meters of land to house IT and innovation firms as well as residential property, according to Tommy Chung, general manager of commercial services of Shui On. According to plan, upon completion, the total investment of KIC will be around 10 billion yuan (US$1.47 billion)
"Under the long term plan, we will build KIC in the style of Silicon Valley in California and Left Bank in Paris," said Chung, responsible for the KIC project in Shanghai.
Cooperating with Hong Kong's IT community is expected to enhance KIC's innovation environment and international awareness, said Herman Lam, Hong Kong Cyberport's chief executive.
Baidu.com Inc, EMC Inc and Oracle Corp are among some IT giants that are located in the KIC. Top local universities, including Fudan University and Tongji University, are located near the KIC which will ensure a steady flow of talent resource, Lam added.
Shui On has also developed a 3.5 million square meter high-tech community in Dalian in Liaoning Province, Chung said.
The property developer signed an agreement yesterday with Hong Kong Cyberport Management Co to cooperate on information sharing, talent exchange and international marketing.
Shui On developed its Knowledge and Innovation Community on a 750,000 square-meter land in Yangpu District. In the next stage, the firm will release 290,000 square meters of land to house IT and innovation firms as well as residential property, according to Tommy Chung, general manager of commercial services of Shui On. According to plan, upon completion, the total investment of KIC will be around 10 billion yuan (US$1.47 billion)
"Under the long term plan, we will build KIC in the style of Silicon Valley in California and Left Bank in Paris," said Chung, responsible for the KIC project in Shanghai.
Cooperating with Hong Kong's IT community is expected to enhance KIC's innovation environment and international awareness, said Herman Lam, Hong Kong Cyberport's chief executive.
Baidu.com Inc, EMC Inc and Oracle Corp are among some IT giants that are located in the KIC. Top local universities, including Fudan University and Tongji University, are located near the KIC which will ensure a steady flow of talent resource, Lam added.
Shui On has also developed a 3.5 million square meter high-tech community in Dalian in Liaoning Province, Chung said.
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