On February 17, Guangzhou Municipal Development and Reform Commission issued the city’s annual plan for key projects. According to the plan, 163.com, the company that grows up in Guangzhou and is often involved in the “relocation in Beijing” rumor, now make the plan become true and is going to invest 500 million yuan in Tianhe District to forge its national game headquarters and core R&D base. By the end of last year, 163.com had invested 170 million yuan in the project. It plans to complete the preparatory work and civil work construction with investment of 30 million yuan this year.

 

Pazhou Internet Innovation Cluster is taking shape. Alibaba Group intends to invest 3.3 billion yuan to build its South China Operation Center and Headquarters Office with investment of 1.7 billion yuan to be completed this year. Tencent also plans to invest 2.2 billion yuan to build its Guangzhou Headquarters Office. The total floor area of the two industrial giants’ office buildings is close to 100,000 square meters for each. Moreover, mi.com and vip.com will also make a great show in Pazhou.  

 

Source: Translated from Invest Guangzhou, Feb. 18, 2016