However, Guangzhou still faces the problem of lacking some symbolic mega e-commerce enterprises like Tecent in Shenzhen and Alibaba in Hangzhou.
Now the city government launched “Pazhou Strategy” to bring substantial changes. According to the introduction from Industry and Information Technology Commission of Guangzhou Municipality, Pazhou internet innovation cluster will focus on guiding R&D of e-commerce industry as well as attracting international internet companies to settle their headquarters in Pazhou. The Pazhou internet innovation cluster, which aims to be an internet and e-commerce gathering zone owning over 100 billion yuan of capacities, will be a demonstration base among the Asia-Pacific region.
(By Keane, newsgd.com)
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