China’s ‘city of the future’, Xiongan, hunting high-value tech firms: sources
- Posted on October 7, 2026
- By South China Morning Post
- 1 Views
- 1 min read
Xiongan New Area, China's ambitious smart city project, is strategically targeting high-tech enterprises to drive innovation and economic growth. The initiative seeks to attract five unicorn companies valued above 10 billion yuan, alongside ten firms exceeding 5 billion yuan valuation, and approximately 100 core technology enterprises. This aggressive recruitment strategy reflects Beijing's commitment to establishing a world-class technology hub that will reshape urban development and digital infrastructure in northern China.
Summary auto-generated by AI from the original publisher's content. Editorial standards.