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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
In brief

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.

China’s ‘city of the future’, Xiongan, hunting high-value tech firms: sources
China’s ‘city of the future’, Xiongan, hunting high-value tech firms: sources

New area aims to cultivate five companies valued at or above 10 billion yuan, 10 worth more than 5 billion yuan, and 100 core firms.
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Author
South China Morning Post

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