High-tech hub draws business start-ups

Zhongguancun, dubbed China's Silicon Valley for its high-tech products and services, intends to transform from an electronics-dominated enterprise zone into an innovation-oriented incubator by focusing on business start-ups.

In a plan announced last month by the tech hub, a 7-kilometer street from Tsinghua University in the north to the Capital Gymnasium in the south will be renovated into an innovation center that centers on smart hardware, Internet-plus businesses, cultural industry and other sectors.

The new focus is expected to draw young entrepreneurs who are starting their own businesses after accumulating research experience at universities and institutes that create innovation incentives.