Zhongguancun, sometimes referred to as China’s Silicon Valley, has grown into a one of the world’s most interesting technology hot beds over the last few years.
Looking back at Zhongguancun’s history we can see that the location long existed since 1950′s and only became a household name in the early 1980s when successful companies like Lenovo started their business in this area.
Nowadays it ain’t no longer solely Chinese firms that are located in Zhongguancun. Over the last decade many world renowned technology companies built their Chinese headquarters and research centers in Zhongguancun Technology Park, such as Google, Intel, AMD, Oracle Corporation, Motorola, Sony, and Ericsson.
This September the latest Zhongguancun Index was released. The Washington Post highlighted some very interesting stats from this list. These stats, with courtesy to the Washington Post, are provided below:
Last week China’s top leadership held a group study at Zhongguancun to study the innovative capabilities of China’s tech companies.