QINGDAO, China, Nov. 18, 2024 /PRNewswire/ — A news report from chinadaily.com.cn: 

Important in Qingdao’s development strategy, Laoshan district is a city of science and technology that is a fertile ground for innovation and a number of strategic emerging industries and future industries.

In 1994, the initial batch of high-tech enterprises in Qingdao began to congregate in Laoshan. Over the past 30 years, Laoshan has focused on expanding and strengthening the value chains of seven key industries including artificial intelligence, virtual reality, and modern finance.

The district has attracted a large number of innovative enterprises, including nine unicorn companies, 28 nationally recognized specialized and new “little giant” enterprises, 47 provincial-level gazelle enterprises, and 920 high-tech enterprises, all of which are among the top in the city in terms of quantity.

Laoshan district currently has the highest density of scientific and technological innovation in Shandong, with 178 high-tech enterprises per 10,000 companies, 52 national and provincial-level scientific research institutions, and 160 academicians and high-level talents.

By 2023, the proportion of the output value of high-tech industries in Laoshan district to the total output value of large-scale industries reached 86.55 percent, with the leading industry scale exceeding 180 billion yuan ($25.33 billion). Laoshan district has been selected as one of the nation’s top 100 industrial zones for two consecutive years.

Taking virtual reality as an example, as early as 2016, Laoshan district proposed that it become China’s virtual reality industry capital. In 2022, Qingdao constructed an industrial park featuring virtual reality in Laoshan, which has a planned area of over 2,000 mu (133.33 hectares), aiming to create an internationally leading highland for the virtual reality industry.

With the establishment of the industrial park, Laoshan district has vigorously attracted industry-leading enterprises and high-growth companies, as well as top talents in virtual reality. Currently, the park has attracted leading consumer-facing companies such as Douyin Pico and Dapeng VR, as well as core supporting enterprises such as electroacoustic components manufacturer GoerTek and Chinese virtual reality headset maker Pico. Shipments of high-end VR products from leading companies in the park account for over 80 percent of the domestic market.

In 2023, the scale of the virtual reality industry in Laoshan district surpassed 18 billion yuan, a year-on-year increase of 50 percent, and the virtual reality industry cluster was selected as a provincial-level future industry cluster.

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BEIJING, Nov. 18, 2024 /PRNewswire/ — During the recently-concluded seventh China International Import Expo (CIIE), Jing’an District of China’s Shanghai has held a series of investment promotion activities in an attempt to showcase its unique charm and unlimited business opportunities.

The district launched the “Quality Products Import Demonstration Zone” during the this year’s CIIE, the first of its kind in Shanghai, and introduced the “1+N” industry high-quality development policy toolkit, covering trade, finance, professional services, data intelligence, cultural creativity, life and health, etc., aiming to build an open and shared industrial ecology.

In recent years, the amount of intended purchase orders reached by Jing’an District at the CIIE has repeatedly hit new highs. During the CIIE this year, the district claimed the largest quantity of intended purchase orders among all districts in Shanghai. 

This year, 52 companies from Jing’an participated in the CIIE. The district saw ten groups of companies reach broad cooperation consensus. Key exhibitors and buyers, such as L’Oreal, Inditex, and doTERRA, signed a series of procurement and cooperation agreements. About 12 high-quality investment projects with an estimated investment of about 1 billion yuan successfully settled in the district. 

An official with Jing’an District said that Jing’an warmly welcomes friends at home and abroad to come to Jing’an, and hopes to work together with enterprises to promote the high-quality development of the district.

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THIS IS INFORMATION THAT EQT AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THE INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSON SET OUT BELOW AT 6:00 PM CET ON 17 NOVEMBER 2024.

STOCKHOLM, Nov. 17, 2024 /PRNewswire/ — EQT has today set the hard cap for investor commitments of USD 14.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX (“BPEA IX”). A hard cap refers to an upper limit on the amount of investor commitments accepted as part of the fund. The actual fund size is dependent on the outcome of the fundraising process. As previously communicated, the target fund size for BPEA IX is USD 12.5 billion. 

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