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China’s largest creative space for Internet talents coming up in Yangpu
Online Edition
The Yangpu District government plans to build China’s largest creative space at a former industrial base that will house local Internet talents.
A part of the space was inaugurated today with the district government and the Internet giant Tencent welcoming the first batch of experts who will be setting up business startups here.
Entrepreneurs can lease low-rent offices which also makes it easier to attract investments, said Hou Xiaonan, a senior official with Tencent.
Over 100 investors with a total investment of 100 billion yuan will be attracted to set up companies in the creative space.
The first phase that was inaugurated today covers an area of 4,800 square meters. The entire space will take up an area of over 50,000 square meters, which is near the Wujiaochang area. It will be China’s largest zone for IT talents.
The space will be completed by the end of this year and will house about 100 Internet companies within three years.
Shanghai currently has 450 creative spaces, including 40 percent that is supported by private funds, said Chen Jie, deputy director with the Shanghai Science and Technology Commission.
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