Tencent, one of the largest integrated Internet service providers in China and 
one of the world's top 500 enterprises, has ramped up its investment in Chengdu 
to expand into the cultural and creative industry. Recently, Tencent inked an 
investment and cooperation agreement with Chengdu High-tech Zone (CDHT) on 
Tencent's new cultural and creative headquarters project, marking the launch of 
the tech giant's first functional headquarters in the country.

Photo - https://photos.prnasia.com/prnh/20200826/2899949-1

Tencent's new cultural and creative headquarters, with a total investment of 
RMB 5 billion, will be situated in Chengdu's new 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 in the industrial chain such as IP 
operation, game & animation, electronic sports contest operation, live 
streaming and re-broadcasting, so as to forge Tencent's new cultural and 
creative industry ecosystem.

Since 2012, Tencent has taken IP as its core competence. Under the strategy of 
"pan-entertainment", it has gradually built a digital cultural ecosystem 
covering a wide array of digital businesses such as games, literature, 
animation, films and television, and electronic sports, and garnered a leading 
position in many fields at 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 
launched successively this year, unleashing new economic vitality of Chengdu 
High-tech Zone.

In recent years, Chengdu has taken the development of new economy and 
cultivation of new drivers of growth as a strategic choice to boost urban 
transformation. Having ranked the third in China in new economic vitality 
index, the city is speeding up to become a city most suitable for new economic 
development. 

As a high ground for 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 propelling the construction of a new economic 
vitality area in Chengdu.

Statistics show that Chengdu High-tech Zone is home to more than 90,000 new 
economic enterprises, and has cultivated 383 gazelle enterprises and 5 unicorn 
enterprises.

SOURCE  Chengdu Hi-tech Zone

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   Caption: Chengdu's New  Economic Vitality Area