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April 20, 2021

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High-tech valley opens in Changning

A LANDMARK high-tech compound was launched in downtown Changning District yesterday to become a pilot project on Shanghai’s digital transformation strategy and China’s entrepreneurship and innovation campaign.

The SIMIC Valley office building was renovated from the former Printemps Department Store on Dingxi Road, which closed in April 2019. It now features artificial intelligence companies, exhibitions and smart applications.

A number of high-tech startups such as the Silicon Wisdom and GraviBit have been based in the newly unveiled complex.

The valley will mainly focus on AI technology with support from the Shanghai Institute of Microsystem and Information Technology. It will become an eastern hub of the “Hongqiao Intelligent Valley,” a key technology base planned by the Changning government, the district government said.

The project is one of the five key pilot projects of the “Innovation China” campaign in Shanghai.

The Changning branch of the Printemps Department Store opened in 2004 and was once a popular shopping destination. It shut on April 15, 2019, after its lease expired.


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