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Beijing’s Zhongguancun has replaced Silicon Valley as the world’s top high-tech center, according to Forbes magazine. According to Expert Market’s second annual “World’s Top Tech Cities 2017” report, Beijing has been ranked number one, followed by Berlin and San Francisco.

According to the report, zhongguancun in Beijing is not only conducive to early-stage investment, but also has an acceptable cost of living, based on 10 indicators including salary of software engineers, time it takes to start a business, cost of living and monthly rent, growth index and start-up output. However, the list is actually about the best tech cities to live and work in, so it’s debatable whether Zhongguancun has replaced Silicon Valley as the new tech hub.

Still, Beijing’s tech scene has plenty of advantages for local and foreign entrepreneurs, and it’s now home to some of the world’s biggest tech companies, such as Tencent and Alibaba. However, the real “Silicon Valley of China” needs to be a different story. This article is about the silicon Valley of China — Zhongguancun, Xierqi or Wangjing? In this smokeless war, who is worthy and who is not.

Difficult transformation of Zhongguancun

In recent years, Beijing’s Zhongguancun district has been increasingly compared to Silicon Valley, with one person on Recode saying that only Beijing’s Zhongguancun district can truly compete with Silicon Valley. Broad market space, rapid consumer adaptability, rapid commercial development and people’s constantly developing innovation consciousness — these indispensable factors provide the driving force for the continuous iteration of Zhongguancun.

In the favorable market, more and more returned overseas talents choose to start businesses in Zhongguancun, and a number of successful internationalized unicorn enterprises and potential enterprises are gathered. In 2016, the government invested $1.5 billion to renovate and develop Zhongguancun, which has attracted many technology enterprises. At present, Zhongguancun, we are familiar with sohu, Tencent and other well-known technology companies. However, zhongguancun, which occupied the favorable geography in the 1980s and became the paradise for entrepreneurs and consumers in the 1990s, has been accompanied by the talk of “decline” in the development process under the heavy shadow of fraud, fake sales and credibility loss under the background of e-commerce. However, capital will have cycles, the market will always pick up, the current Zhongguancun is experiencing the pain of transformation, although difficult but at least has taken a key step.

Pursuing progress while maintaining stability

Xi Erqi, also known as “China’s Silicon Valley”, is home to lenovo, Baidu, Sina, NetEase, Didi and other large numbers of Internet and software companies, nearly including half of China’s well-known Internet companies. More than 100,000 people gather in the neighborhood, witnessing the development process of China’s IT industry and the upgrading and iteration of commercial forms around Xi ‘er Banner. The crowded subway, crowded farmers and fast-paced work and life may be just the picture of Xi Erqi in most people’s eyes. The screen event with a monthly salary of 5W also indirectly reflects the benchmark tone of Xi Erqi, which is low-key and implicit while making progress in stability.

Another polite question, how to get to work in Xi Erqi before 10 o ‘clock gracefully?

Wangjing came from behind

From the original rural-urban fringe, wangjing has developed to the presence of entrepreneurs, investors and well-known Internet companies. With the continuous evolution of Wangjing, the title of China’s Silicon Valley has become more and more popular.

Benz, Microsoft, caterpillar, three in the world top 500 company headquarters, green center headquarters in alibaba, and Momo, Meituan, zhaopin, blue harbor interaction, ctrip, qihoo 360 well-known Internet companies to join, as technology giants are the strength of the incoming, wangjing business value has been highlighted. At the same time, different from zhongguancun and Xierqi, where established Internet companies gather, more and more young people have flocked to Wangjing SOHO and started to join the tide of Internet entrepreneurship due to the mass innovation trend of “crowding out effect”. Wangjing, where entrepreneurs gather, has naturally attracted more and more investors to join, including Hongtai Fund, IDG Capital and many other venture capital institutions.

Whether IT is Zhongguancun which is undergoing a difficult transition, Or Xierqi which is advancing steadily, or Wangjing which is coming from behind, only by providing a good soil environment can IT develop healthily and for a long time. So in your mind, who is the real Silicon Valley of China?