Zhongguancun still appeals to Oracle after a decade

Zhongguancun was the "top choice" for Oracle, the US-based computer technology company, to set up its largest international development center in China, said Frank Xiong, vice-president of Oracle Group and general manager of the China Develop Center.

Zhongguancun Science Park is known as Beijing's technology hub and the country's "Silicon Valley". It was established in 1988, initially as an experimental area for locally developed new technologies. Today it is home to a group of world-renowned IT giants, both multinational and domestic.

"After over two decades of development, Zhongguancun has become very appealing," said Xiong.