Shanghai to open digital park
Updated: 2011-11-09 15:36
By Wang Hongyi (chinadaily.com.cn)
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Shanghai's Yangpu district government and the San Francisco Bay Area Council jointly announced the opening of a new digital technology park on Monday.
The park is part of the district government's efforts to boost the development of high-tech and innovative industry in the city. According to the plan, the total layout area of the park will be about 2.4 square kilometers.
So far, phase one of the project mainly focuses on strategic emerging industries, such as cloud computing, the Internet of things, digital media, and online games.
On the same day, two companies, California Marketplace and Minfon Group Inc, signed agreements to move into the digital technology park. California Marketplace will bring Californian lifestyle into the city by establishing a commercial complex which provides a collection of catering, entertainment and shopping. Local residents can enjoy the culture and flavors from the US West Coast.
Jim Wunderman, president and CEO of the Bay Area Council, said they are now working with Yangpu district government to make a detailed plan on introducing overseas companies into the park. Besides, they would also help Chinese enterprises enter the US market in the future. More details will be announced in coming months.