Tencent Sets Up Its New Cultural and Creative Headquarters in Chengdu High-tech Zone

CHENGDU,China,Aug. 26,2020 -- Tencent,one of the largest integrated Internet service providers in China and one of the world's top 500 enterprises,has ramped upitsinvestment in Chengdu to expandintothe cultural and creative industry.Recently,Tencent inkedan investment and cooperation agreement with Chengdu High-tech Zone (CDHT) on Tencent'snew cultural and creative headquarters project,marking the launch of the tech giant'sfirst functional headquarters in the country.

Chengdu's new economic vitality area

Tencent's new cultural and creative headquarters,with a total investment of RMB 5 billion,will be situatedin Chengdu'snew 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 inthe industrial chain such as IP operation,game & animation,electronic sports contest operation,live streamingand re-broadcasting,so as toforgeTencent's new cultural and creative industry ecosystem.

Since 2012,Tencent has taken IP as itscorecompetence. Under the strategy of "pan-entertainment",it has gradually built a digital cultural ecosystemcovering a wide array ofdigital businesses such as games,literature,films and television,and electronic sports,and garnereda leading position in many fieldsat 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 launchedsuccessively this year,unleashingnew economic vitality ofChengdu High-tech Zone.

In recent years,Chengdu has takenthe development of new economy and cultivation of new drivers of growthas a strategic choice to boosturban transformation. Having ranked thethird in Chinainnew economic vitality index,the city is speeding up to become a city most suitable for new economic development.

As a high groundfor 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 propellingthe construction of a new economic vitality area in Chengdu.

Statistics show thatChengdu High-tech Zone is home tomore than 90,000 new economic enterprises,and has cultivated 383 gazelle enterprises and 5 unicorn enterprises.

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