Technology

China's 'Silicon Valley' Zhongguancun posts 34% growth in revenue

China's 'Silicon Valley' Zhongguancun posts 34% growth in revenue

Major high-tech enterprises in Beijing's Zhongguancun, also dubbed China's "Silicon Valley," recorded a 34 percent year-on-year growth in total revenue in the first five months of 2021, official data showed. The combined revenue of these enterprises, which mainly refer to those with an annual income of 20 million yuan (about $3.09 million) and above, totaled nearly 2.97 trillion yuan in the January-May period, according to the Beijing Municipal Bureau of Statistics.

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