Beijing Zhongguancun’s Artificial Intelligence Labs Drive China’s Technology Ambition
Zhongguancun Science Park is often referred to as China’s equivalent to Silicon Valley, thanks to its heritage as an innovation hub encompassing the country’s top two universities and a number of incubation centres for start-ups.
Established 30 years ago, the area is the birthplace for some of the country’s best-known technology firms as well as China headquarters for many international players.
Today, Beijing Zhongguancun Science Park is home to about 9,000 hi-tech companies, including the Chinese search engine and artificial intelligence champion Baidu, social media giant Sina Corp, as well as regional headquarters for global giants like Microsoft and Google. Nearly half of the country’s 70 unicorns – start-ups with a valuation of US$1 billion or more – are located in the area. [read more]