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Unicorns companies growing in Zhuhai

Updated: 2019-04-30 (xiangzhouonline) Print

Zhuhai-based 4DAGE partnered German ceramics museum Porzellanikon launched an online exhibition on April 15 relying on three-dimensional digitalization technology.

It allows visitors to admire 16 boutique cultural relics in four online exhibition halls without stepping out of their home. The exhibition exemplifies the growing number of fast-growing unicorn companies in the city that are spreading Zhuhai's knowledge across the world.

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4DAGE-developed mechanical arms

Unicorns refer to the designation given to companies with at least a $1 billion market value and have received private-equity investment and venture capital, excluding listed companies on the New Third Board, China's National Equities Exchange and Quotations (NEEQ).

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A parterre with the characters, "Innovation is the prime productive force."

In 2018, Zhuhai released Several Measures to Incubate and Bring in Unicorns in Cutting-edge Industries, which pledged full support in policy, capital, talent attraction, technology, and land use.

In February, 44 local enterprises, which primarily engaged in information technology, bio-medicine, and smart manufacturing, were selected for incubation. They were classified into three categories: five unicorns, 12 potential unicorns, and 27 seeded unicorns.

The enterprises, with solid industrial foundation and strong innovation capability, are expected to accelerate the transformation and upgrading of local industries and drive up the real economy.  

By 2020, Zhuhai is to bring in or incubate three to five unicorns, more than 30 potential unicorns, and more than 150 seeded unicorns.

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Unmanned boats developed by Zhuhai-based hi-tech enterprise Yunzhou-Tech [Photos by Zhong Fan / Zhuhai Daily]

According to the planned layout, Hengqin New Area will focus on information technology, big health, financial technology, cross-border e-commerce, and cultural-creative industries. Xiangzhou District will commit to smart manufacturing, integrated circuits, Internet connected vehicles, new retail, and cultural-creative industries.

In addition, Zhuhai National Hi-Tech Industrial Development Zone will delve into integrated circuits, artificial intelligence, biomedicine, high-end medical equipment, information technology, new materials, and computer vision industries.


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