How a Cozy Riverside Neighborhood is Fueling China’s Silicon Valley


HANGZHOU, China, November 14, 2022 /PRNewswire/ — The 2022 Silicon Valley Elite Expo and Silicon Valley Talent Week kicked off in Binjiang District, also Hangzhou National Hi-tech Industrial Development Zone, Zhejiang Province , in eastern China, the November 13highlighting the region’s pursuit of a magnet for global talent.

In Zhejiang, Hangzhou, the provincial capital and headquarters of digital economy giant Alibaba, is known as the No. 1 digital economy city across the country. Among from Hangzhou 13 county-level regions, Binjiang District is at the forefront in the field.

Binjiang literally means “riverside”, as it is located along the Qiantang River, the largest river in Zhejiang known for its impressive tidal bore, hence its beautiful and tranquil name. However, its name only reveals one side of Binjiang District.

The district is the integrated administrative area between Binjiang and Hangzhou former high-tech industrial development zone. In the riverside area on the south bank of the lower reaches of the Qiantang River, one can not only enjoy the magnificent “world’s largest tidal bore”, but also experience the innovation trends of advanced digital technology.

In Binjiang District, in addition to convenient digital life services, the digital economy has shifted from online to offline, especially in the traditional manufacturing sector. Nowadays, Binjiang has built a historic industrial ecology including smart Internet of Things, smart manufacturing and digital health services. It is now a hotspot for the development of digital economy and smart manufacturing industry in the province, according to the People’s Government Information Office of Hangzhou Binjiang District.

Zhejiang Geely Holding Group, headquartered in Binjiang, is a manufacturing veteran. The private company, which started making cars more than 20 years ago, has made strides down the road to smart manufacturing in recent years. It has become the only automaker in the world to offer satellite communication and positioning, high-precision maps and navigation, automotive chips, and comprehensive auto-research of software and hardware.

Automotive startup Leapmotor, established in Binjiang in 2015, independently developed China’s first car-scale AI intelligent driving chip with fully independent intellectual property rights in just seven years. It debuted on the Hong Kong Stock Exchange in September this year.

Inseparable from the many high-quality R&D talents within its headquarters is Geely and Leapmotor’s acceleration on the path to smart manufacturing. Binjiang district has another name that sounds more modern: “Silicon Valley in Paradise”.

Like Silicon Valley, the district attracts a large number of talents from all over the country, and even the world, to pursue their dreams.

Fan Yuan, founder of DAS-Security, a star cybersecurity company, is one of them. After years in America’s Silicon Valley, Fan chose to return to China and moved to Binjiang. He started from scratch with a team of 10 people and only two small rooms. Now, the start-up has a 21-story building in the name of the company.

In just 15 years, DAS-Security has grown from one person to a top performer among the top 500 global cybersecurity companies. It was made public at the country’s Science and Technology Innovation Council, also known as China’s NASDAQ.

At a critical time in Fan’s early entrepreneurship, the company ran out of funds and refused bank loans due to lack of collateral. The capital on the books was then only sufficient for about a month of commercial exploitation.

Fortunately, the Binjiang Talent Office came to their aid by helping them sign the start-up’s first venture capital project, thus helping them out.

On the top floor of the DAS-Security skyscraper, one can overlook the entire “Internet of Things City” of Binjiang, where more than 1,400 high-tech companies gather in the central area of ​​the city of 1.4 km2. Of these, 16 are listed companies.

As Fan Yuan, many talents of these companies benefit from a talent promotion program to support innovation and entrepreneurship of high-level professionals in Binjiang. Launched in 2010, the program was the first of its kind in Zhejiang. By attracting talent flows, the program seeks to introduce high-level technologies and turn them into projects that will later become industries. In this way, Binjiang has gradually become a thriving technology incubator like Silicon Valley.

For people like Fan Yuan who work in Binjiang, it is not only a place where they can make their mark in career development, but also a livable paradise. Industrial development in Binjiang is rapid, but life is as comfortable, healthy and natural as its name suggests.

On the banks of the Qiantang River, several tracks of different colors stretch for more than ten kilometers. Seen from the sky, the colored tracks are arranged from west to east, like a dancing pentagram embedded in the bank. In addition, large and small parks are scattered throughout the riverfront area, allowing residents easy access to nature.

In addition to running tracks and parks, Binjiang deserves the reputation of a “paradise” for sports enthusiasts. It is the location of the main venues for the 19th Asian Games to be held at Hangzhou next year, including Hangzhou Olympic Sports Center Stadium, Tennis Center Finals Hall and Binjiang District Stadium.

The three Asian Games venues, famous for their unique designs, are open to the public due to the postponement of the Games. Many sports and fitness sites offer a wide range of choices for people who want to get in shape after work.

Home to a high-tech incubator and livable environment, Binjiang is a unique place suitable for both rapid industrial development and a quiet lifestyle.

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Caption: (U) Binjiang-based Hangzhou Olympic Sports Center Stadium and Tennis Center Finals Hall and (R) Bird’s-eye view of Hangzhou National Hi-tech Industrial Development Zone (Binjiang District)

SOURCE Hangzhou Binjiang District People’s Government Information Office


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