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8 projects worth 20 billion yuan signed in Optics Valley
source: hubei.gov.cn     2017-08-04

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Signing ceremony (photo by Chen Qi)

Wuhan East Lake High-tech Development Zone, also known as “China Optics Valley”, held a conference to boost the development of new private economy on August 2, 2017. During the conference, 8 projects worth 20 billion yuan were signed.

The eight projects include the second headquarters of Iflytek Co Ltd, Douyu Town, etc. Douyu Town will construct a whole industry chain of live video, and prepare to build an innovation incubator for live streaming startups.

To gather new technologies, new industries, new commercial activities and new models, Optics Valley will bring in 80,000-100,000 talents every year. Information technology, life & health, fintech, intelligent manufacturing and artificial intelligence will be key industries in the Zone.

In recent three years, the number of private enterprises in Optics Valley has increased to over 40,000, accounting for 93.2 percent of all enterprises registered.

(hubei.gov.cn by Mao Huifang)

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