The Zhangjiang Hi-Tech Park is a technology park in the Pudong district of Shanghai, China. It is operated by Zhangjiang Hi-Tech Park Development Co., Ltd. The park specializes in research in life sciences, software, semiconductors, and information technology. As of 2009, there were 110 research and development institutions, 3,600 companies and 100,000 workers located in the technology park. In some circles the park is also known as China's Silicon Valley. History The Zhangjiang Hi-Tech Park was established in July 1992. It is situated in the Pudong New Area with a total area of . In 2018, it has bases such as the National Shanghai Biomedical Science and Technology Industry Base, National Information Industry Base, National Integrated Circuit Industry Base, National Semiconductor Lighting Industry Base, National 863 Information Security Fruit Industrialization (Eastern) Base, National Software Industry Base, National Software Export Base, National Cultural Industry Model Base, National Online Games and Animation Industry Development Base. It also has the parks National Torch Entrepreneurship Park and National Overseas Student Pioneering Park. The park is made up of the following areas: the Technical Innovation Zone, the Hi-Tech Industry Zone, the Scientific Research and Education Zone, and the Residential Zone. The park's center area now has 400 research and development institutions. In 2013, Shanda opened sales of a real estate investment project in the park and accepted payment for apartments with bitcoin. Shanda World opened in the park in 2018. In August 1999, the Shanghai Municipal Committee and Municipal Government developed a strategy and accompanying report called "Focus on Zhangjiang." The report identified that investments from the IC industry, the software industry, and the biomedical industry would be targeted. They were seen as the industries which should have leading roles in innovation and that would drive future economic growth and higher employment in Zhangjiang Town and the Hi-Tech Park. The park is classified as a Special Economic Zone. Presence Major companies that have a presence in the park include life science firms GSK, Roche, Eli Lilly, Pfizer, Novartis, GE, and AstraZeneca. Internet technology firms include Hewlett-Packard, Lenovo, Intel, and Infineon. Software firms include IBM, Citibank, eBay, Tata Consultancy Services, Infosys, and SAP AG. Chemical companies include Wison Group, DSM, Henkel, Dow, Dupont, and Rohm and Haas. Semiconductor firms include Semiconductor Manufacturing International Corporation (SMIC), Hua Hong NEC, Grace Semiconductor, Spreadtrum, and VeriSilicon. Other firms present include Asia-Pacific Software, Sony, Bearing Point, Kyocera, Cognizant, TCS China,