The Taihucheng had introduced 67 Internet of Things (IoT)enterprises in 2014, a year-on-year increase of 91 percent, with a total investment of 320 million yuan ($51.6 million).

Many outstanding IoT companies with broad prospects, good economic returns and high scientific and technological content sprung up, such as Key Bridge Electronic Technology Co. and Wuxi OLAYM Laser Technology Co.

Wuxi Key Bridge Electronic Technology Co is set up by Shenzhen Key Bridge Communications Technology Co. It has a total registered capital of ten million yuan, and is striving to evolve into the biggest technology solution provider in the field of intelligent transportation in China.

Wuxi OLAYM Laser Technology Co. is engaged in R&D, production and marketing of cosmetic, surgical, stomatologic and ophthalmic lasers, with a total investment of 15 million yuan. Its annual sales revenue is expected to exceed 50 million yuan after its normal operation.