By Mao Xinhui and Zong He
Former industrial sites have been revitalized into vibrant hubs, with modern skyscrapers reshaping the skyline. Today, the transformed Yangpu Riverside is not only a popular cultural and tourist destination but also a thriving hub for innovative enterprises.
"In recent years, the changes here have been remarkable. The waterfront has been returned to the people, and according to the plan, leading internet companies like Meituan and Bilibili, as well as prominent state-owned enterprises such as China Communications Construction and CECEP, will soon set up operations in Yangpu Riverside. In the future, more talent and resources will converge here," said Qian Liang, Deputy Secretary of the Party Committee at Yangpu Riverside Group, during the recent Changyang RISE Entrepreneur Forum.
On the same day, exclusive financial policies tailored to the "Changyang RISE Online New Economy Eco-Park" were officially launched. These include waived settlement fees, lower financing costs, and preferential international business services. The new policies are both a response to entrepreneurs' longstanding efforts and a further step in advancing Yangpu Riverside's online new economy strategy.
ICBC's Yangpu branch has crafted bespoke financial solutions for tech enterprises in the park, including micro and small enterprise credit loans and innovative guarantee loans, aimed at reducing costs and accelerating access to funding for these companies.
In recent years, Yangpu has provided enterprises with ample room to grow through targeted policies and resource prioritization, establishing unique industrial brands and sharpening its competitive edge. In 2024, the district is focusing on 12 segmented industrial chains, accelerating the development of a "1+2+3+4" innovation-driven modern industrial system.
The forum welcomed over 60 enterprises, including Meituan, Bilibili, Weijing Energy Storage, and Horowitz Digital. At Horowitz Digital's office, a futuristic door leads to immersive experiences: put on a VR headset and explore the galaxy aboard the "Light Chaser" ship, or transform into a LEGO figure for a firsthand tour of the latest metaverse projects.
In February 2024, the Yangpu section of the China (Shanghai) Online Audio-Visual Industry Base officially launched. As a company that has grown alongside Yangpu Riverside, Horowitz Digital has played a significant role in international theme park projects like Universal Studios, Ferrari World, and LEGOLAND. "The lines between film, animation, gaming, and immersive entertainment are becoming increasingly blurred," said General Manager Wang Houmiao, reflecting on the industry's ongoing transformation.
Driving the development of new energy storage is a critical step toward a comprehensive green transition. Weijing Energy Storage focuses on the research and large-scale manufacturing of vanadium redox flow batteries. At a former coal-fired power plant, the company hosted a China-France Zero-Carbon Concert, drawing attention with its juxtaposition of "coal-fired" and "zero-carbon" themes. Its zinc-iron flow battery demonstration project converts solar energy into electricity, providing reliable, green power to nearby cafes, charging stations, and landscape lighting.
Since last year, Yangpu Riverside has strengthened ties between government and enterprises, gaining deeper insights into industry demands and refining development strategies to elevate its growth trajectory.
Looking ahead, Qian Liang stated that the group will seize the opportunity of developing the Changyang RISE Online New Economy Eco-Park to establish interactive platforms, enhance services, and support enterprise growth. The ultimate goal is to foster shared success, build a new digital economy hub, and drive high-quality regional development.
By 2025, Yangpu aims to empower key industries to shine. The district will accelerate the construction of its "1+2+3+4" innovation-driven modern industrial system, with the digital economy as its core. By leveraging the "chain chief" system, Yangpu will refine industrial chains, transition from foundational development to optimized layouts, and create resilient, sustainable, and billion-dollar industrial clusters.