With more than 1 million talented employees and nearly 20,000 enterprises, Zhongguancun is one of China's largest and most important high-tech bases. Around 101 Fortune 500 companies have set up research and development centers in the area, along with several innovative Chinese corporations including Lenovo, Founder, and Baidu.com.
After it was named the core of Zhongguancun national innovation model park last year, Haidian district in Beijing has moved to improve its low carbon economy. The district has now earmarked 50 million yuan annually for development of a regional economy that conserves energy.
Known to many as China's Silicon Valley, Beijing's Zhongguancun grew from an electronics market 20 years ago to a concentration of influential high-tech companies today. A biotech and bio-pharmaceutical company headquartered in the San Francisco Bay area of the US, AutekBio has a wholly owned division in Zhongguancun's Biomedical Park.
LeTV an outlet for gamers, film fansSix years ago, LeTV.com only had a dozen staff members. Now, the network video company is one of China's largest private enterprises.
Business incubators assisting entrepreneurWu Hongliu studied organic chemistry for his PhD degree at America's Duke University, and completed his NIH fellow research with California based Scripps Research Institute.