PR85280

CHENGDU, China, Aug. 26, 2020 /PRNewswire=KYODO JBN/ --

Tencent, one of the largest integrated Internet service providers in China and

one of the world's top 500 enterprises, has ramped up its investment in Chengdu

to expand into the cultural and creative industry. Recently, Tencent inked an

investment and cooperation agreement with Chengdu High-tech Zone (CDHT) on

Tencent's new cultural and creative headquarters project, marking the launch of

the tech giant's first functional headquarters in the country.

Photo - https://photos.prnasia.com/prnh/20200826/2899949-1 

Tencent's new cultural and creative headquarters, with a total investment of

RMB 5 billion, will be situated in Chengdu's new economic vitality area of CDHT

Southern Park. It will focus on the development of new cultural and creative

businesses such as games, esports, animation, videos and cultural tourism, and

attract upstream and downstream enterprises in the industrial chain such as IP

operation, game & animation, electronic sports contest operation, live

streaming and re-broadcasting, so as to forge Tencent's new cultural and

creative industry ecosystem.

Since 2012, Tencent has taken IP as its core competence. Under the strategy of

"pan-entertainment", it has gradually built a digital cultural ecosystem

covering a wide array of digital businesses such as games, literature,

animation, films and television, and electronic sports, and garnered a leading

position in many fields at home and abroad.

In addition to Tencent, investment projects of Alibaba, NetEase, Baidu, Kuaishou,

iQiyi, VIPkid and other industry giants in the new economy have been launched

successively this year, unleashing new economic vitality of Chengdu High-tech Zone.

In recent years, Chengdu has taken the development of new economy and

cultivation of new drivers of growth as a strategic choice to boost urban

transformation. Having ranked the third in China in new economic vitality index,

the city is speeding up to become a city most suitable for new economic development.

As a high ground for Chengdu's new economic development, Chengdu High-tech Zone

is focusing on 5G communications and artificial intelligence, network audio & video

and digital cultural creation, big data and network security and other new economic

industries, and propelling the construction of a new economic vitality area in Chengdu.

Statistics show that Chengdu High-tech Zone is home to more than 90,000 new

economic enterprises, and has cultivated 383 gazelle enterprises and 5 unicorn enterprises.

SOURCE  Chengdu Hi-tech Zone

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   Caption: Chengdu's new economic vitality area