Only one decade ago, Large Wangjing was an urban village, with narrow roads and shabby houses. In April 2009, it was selected as one of the two urban and rural integration pilot villages in Beijing, and village reconstruction was launched.

Since then, with the support of relevant departments, Chaoyang district has planned the technology business innovation zone in Large Wangjing. Subsequently, Large Wangjing was listed as one of the top ten development bases of Chaoyang district in the "Twelfth Five-Year Plan", and was included into the Zhongguancun National Independent Innovation Demonstration Zone.

Significant development opportunities have provided the most favorable policies to Large Wangjing, making it a sought-after place in the eyes of investors and enterprises.

As the "Second CBD" of Beijing, its cutting-edge industries have achieved leap-forward development. A number of innovative enterprises such as Alibaba, AVIC Capital, Hyundai Motor Finance, and Beijing-controlled PV have settled in the zone, and its “Internet plus” industry is prospering.

The Large Wangjing Technology Business Innovation Zone relies on Poly International Plaza, Greenland Center, Posco Center and other commercial buildings to target international high-tech innovation elements and an industrial value chain, and strives to develop international R&D, international technology intermediary, international venture capital and other scientific and technological services.

Zhongguancun Chaoyang Park injects new impetus into the economic and social development of Chaoyang district. [Photo provided to chinadaily.com.cn]

The urban central park of Large Wangjing Science and Technology Innovation Zone covers an area of 7 hectares, running through the entire Large Wangjing. The modern landscape design is seamlessly combined with technology, business, artistic activities and residents' needs to provide a sound ecological leisure environment for the region.