Zhongguancun generates one third of venture capital

Beijing (CNS) – Zhongguancun, a technology hub in Beijing with over a decade of steady growth and a reputation as a pioneering spot, has become the most dynamic zone for Chinese to start or invest in business.

To date, the number of investment projects and the venture capital that has exchanged hands here both account for one third of the total rustled up on the Chinese mainland, said Guo Hong, director of Zhongguancun Administrative Committee, on Wednesday.

According to a development report on Zhongguancun issued by the committee, in 2011, 544 investment equity deals were sealed here, 92.7 percent of all completed in Beijing; and the equity investment is valued at 35.5 billion yuan, 36.4 percent of the total across the country.

Rapid growth of venture capital creates energy for emerging new businesses. More than 4,000 enterprises started up here in 2011.

A batch of innovative enterprises designed to provide an open work environment and investment information for the new IT industry generation to realize its dreams. The top venues include Garage Café, Innovation Works and Star of Lenovo.