It is geographically situated in the northwestern part of Beijing city, in a band between the northwestern Third Ring Road and the northwestern Fourth Ring Road. Zhongguancun is very well known in China, and is often referred to as "China's Silicon Valley".1
Zhongguancun has long existed since 1950's and only became a household name in the early 1980s. The first person who envisioned the future for Zhongguancun was Chen Chunxian, a member of the Chinese Academy of Sciences (CAS), who came up with the idea for a Silicon Valley in China after he visited the U.S. as part of a government-sponsored trip. The location of the Chinese Academy of Sciences within Zhongguancun reinforced, and perhaps was in part responsible for the technological growth in this area.
Throughout the 1980s and still today, Zhongguancun was known as "electronics avenue," because of its connections to information technology and the preponderance of stores along a central, crowded street.
Zhongguancun was officially recognized by the central government of China in 1988. It was given the wordy name "Beijing High-Technology Industry Development Experimental Zone."
The current designation Zhongguancun refers commonly to the original site. However, officially (as of 1999) Zhongguancun has become the "Zhongguancun Science & Technology Zone." It is a zone with seven parks, including Haidian Park, Fengtai Park, Changping Park, Electronics City (in Chaoyang), Yizhuang Park, Desheng Park, and Jianxiang Park.
The original Zhongguancun is now known as the Haidian Park of the Zhongguancun Zone. The area and environs, however, remain the same.
Hailong Market, Guigu Market, Taipingyang Market, Dinghao Market and Kemao Market are the five prominent IT and electronics markets. They are technology bazaars, famous for their "shops with a shop", where prices are easily but grudgingly bargained. Zhongguancun shops mainly deal in PC-compatible hardware, peripherals and software. AppleCentre and Apple Experience Centre are also close by.
Due to the proximity and participation of China's two most prestigious universities, Peking University and Tsinghua University, along with the Chinese Academy of Sciences, many analysts elsewhere are optimistic about Zhongguancun's future prospects.
Notable high schools in Zhongguancun include High School Affiliated to Renmin University of China.
The most famous companies that grew up in Zhongguancun are Stone Group, Founder Group, and Lenovo Group. They were all founded in 1984-85. Stone was the first successful technology company to be operated by individuals outside the government in China. Founder is a technology company that spun off Peking University. Lenovo Group spun off from Chinese Academy of Sciences with Liu Chuanzhi, a hero of Zhongguancun and current Chairmain, eventually taking the helm. Lenovo purchased IBM's PC division with $1.75 billion in 2005, making it the world's third-largest PC maker. Both Founder and Lenovo Group maintain strong connections to their academic backers, who are significant shareholders.
According to the 2004 Beijing Statistical Yearbook, there are over 12,000 high-tech enterprises throughout Zhongguancun's seven parks, with 489,000 technicians employed.
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. Microsoft has built its Chinese research headquarters in the park that costs $280 million and can accommodate 5000 employees, which is completed in April, 2011. Microsoft Research Asia is in that building.3
In addition, many conferences are held in this location, including the annual ChinICT conference - which is the largest Information technology Development and Entrepreneurship event in China.
Near to Tuspark
- List of technology centers around the world
- China Beijing Equity Exchange
- China Milan Equity Exchange
- Zhongguancun Administrative Committee
|Wikimedia Commons has media related to: Zhongguancun|
- Article with photos of Zhongguancun's development since the 1980s
- Obituary for Chen Chunxian
- Zhongguancun Management Committee
- Zhongguancun Parks
- Travel Introduction to Zhongguancun
- Michael Rogers MSNBC Article on Zhongguancun
- Hilon Market Building (in Chinese)
- Locator map of Zhongguancun within Beijing
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