What CaoHeJing does

Shanghai Caohejing Hi-Tech Park (CaoHeJing / 漕河泾开发区) is a state-owned technology development zone operator established in 1984 and managed by Shanghai Lingang Group under the Shanghai State-owned Assets Supervision and Administration Commission. It operates one of China's first national-level economic and technological development zones, spanning a designated 14.28 sq km across Xuhui and Minhang districts in Shanghai, and hosts 15,600+ enterprises employing 320,000+ people, including 150+ Fortune 500 investment projects, 150+ listed companies, 1,000+ high-tech enterprises, and 48 national-level 'specialized, refined, unique and innovative' small giants. The zone operates under a unique 'legislative oversight, government management, corporate operation, district cooperation' (人大立法、政府管理、公司运作、区区合作) model with no traditional management committee, instead operating as a corporate entity — making it one of the few enterprise-led national zones in China.

The zone's portfolio includes four sub-brands (Caohejing, Technology Oasis / 科技绿洲, Xinyefang / 新业坊, YuanChuang Future / 元创未来) and a physical asset base covering the Technology Entrepreneurship Center (incubator), New Caohejing International Business Center (188,000 sqm Grade A office complex), Modern Service Industry Cluster, BeiYang AI Town (590,000 sqm land), Zhuanqiao Technology Oasis, and the Technology Oasis campus (1.07M sqm total construction). Underlying technology includes 82.1 km of fiber optic cable, gigabit backbone, 5G and LIFI coverage, cloud and AI computing platforms, a BIM-integrated digital twin platform, and the Green Low-Carbon Smart Management Platform for environmental monitoring. The four-level incubation chain (nursery → maker space → incubator → accelerator) has produced 1,600+ cumulative incubated enterprises at 93%+ success rate, 96 accelerated companies (27 listed, 41 tech small giants, 28 specialized SMEs), and 18.8 billion RMB in IP pledge financing over two years.

Revenue is generated through park development, property leasing, property management, and a comprehensive enterprise service platform covering government affairs, industrial services, talent, tax, IP, digital, and financial services (including a 29.94 billion RMB SME financing platform). The zone focuses on four anchor industries: integrated circuits (concentrating ~27% market share of Shanghai's IC design enterprises and 12.6% of Shanghai's total IC industry revenue), AI (hosting ~500 enterprises and ~350 billion RMB annual AI industry revenue), life health (190+ enterprises including 6 Fortune 500 healthcare companies), and green low-carbon industries. In 2025, total operating revenue of enterprises within the zone reached 693.3 billion RMB.

Name

CaoHeJing

Legal name

上海市漕河泾新兴技术开发区发展总公司

Website

https://chj.shlingang.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shanghai Caohejing Hi-Tech Park is a state-owned technology development zone operator, established in 1984, hosting 15,600+ enterprises across integrated circuits, AI, life health, and green low-carbon industries under Shanghai Lingang Group.

Ownership category

akta.pro rank

Product category

Industrial Park Operations and Technology Zone Management

NAICS

Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

Keywords

• Technology development zone
• Industrial park management
• Enterprise incubation services
• Park leasing services
• Technology business park

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Park Development and Management Services: Revenue generated from developing, constructing, operating, and managing the Caohejing technology development zone, including property management, leasing, and comprehensive park services to enterprises.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CaoHeJing (Shanghai Caohejing Hi-Tech Park) is a state-level economic and technological development zone operator that develops, constructs, operates, and manages a 32 sq km industrial park spanning Xuhui and Minhang districts of Shanghai. It provides enterprises with physical infrastructure (office space, R&D facilities, industrial campuses), comprehensive park services (property management, government affairs, tax planning, talent services, IP services, financing), and a four-level tech enterprise incubation chain (science and technology nursery, maker space, incubator, accelerator). The zone hosts 15,600+ enterprises across four core industries: integrated circuits, artificial intelligence, life health, and green low-carbon.

Product overview

CaoHeJing (漕河泾开发区) is a technology development zone operator and service platform, not a product company. It provides comprehensive park management services including innovation and entrepreneurship support, property management, talent services, intellectual property services, technology finance, tax planning, and digital transformation services. The portfolio includes four major brands: 漕河泾 (Caohejing), 科技绿洲 (Technology Oasis), 新业坊 (Xinyefang), and 元创未来 (Yuanchuang Weilai). Key physical assets include the International Business Center, Modern Service Industry Cluster, Technology Oasis campuses, and AI-focused BeiYang Town, serving over 15,600 enterprises including Fortune 500 companies.

Differentiator

Problem solved

Functional benefit

Brands

• 科技绿洲 (Technology Oasis): High-end garden-style technology headquarters park with UK Arlington design and management concepts, located in Minhang district
• 新业坊 (New Industry Park)
• 元创未来 (YuanChuang Future)

Products and services

• Caohejing Hi-Tech Park Technology Entrepreneurship Center (漕河泾开发区科技创业中心)
• Technology Oasis (科技绿洲)
• New Caohejing International Business Center (新漕河泾国际商务中心)
• Caohejing Modern Service Industry Cluster (漕河泾现代服务业集聚区)
• BeiYang AI Town (北杨人工智能小镇)
• Zhuanqiao Technology Oasis (颛桥科技绿洲)
• Caohejing Green Low-Carbon Smart Management Platform (漕河泾绿色低碳智慧管理平台)

Quantifiable outcome

• 93%+ incubation success rate for tech startups
• +4 more outcomes

Named customers26 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

23 partnerships are on record, tiered core and major.

• Shanghai Lingang Group (临港集团)coreStrategic or Co-development Partner · 1 January 2023Lingang Group is the parent company overseeing Caohejing's operations. The Caohejing platform was established through integration with Lingang Asset Management Company, serving as the core brand for Lingang Group's development zones outside the new area.
• China TelecomcoreStrategic or Co-development PartnerJoint venture with China Telecom for early deployment of smart park infrastructure, including fiber optic networks and 5G coverage.
• Shanghai Stock Exchange (上交所)coreStrategic or Co-development PartnerEstablished the Shanghai Stock Exchange Capital Market Service Xuhui Caohejing Base for enterprise listing services and capital market support.
• Bank of Communications (交通银行)coreStrategic or Co-development PartnerCo-built SME financing platform with double credit and no-collateral model, serving 610+ enterprises with ~30 billion RMB in loans.
• Shanghai Rural Commercial Bank (上海农商银行)majorStrategic or Co-development PartnerPartnership for 'Lingang Park Science and Technology Loan' product for SME financing.
• Shanghai Artificial Intelligence Laboratory (上海人工智能实验室)coreStrategic or Co-development PartnerTraining center serves as a partner for the Shusheng PLM (书生浦语) AI model, co-hosting the 4th Shusheng Large Model Practice Camp.
• HuaweicoreStrategic or Co-development PartnerAs a Huawei industry chain partner, conducting multiple MindSpore technology training sessions.
• Shanghai Jiao Tong University (上海交通大学)coreStrategic or Co-development PartnerCooperation on digital industry CTO training programs and establishment of 3A Global Alumni Center.
• East China Normal University (华东师范大学)coreStrategic or Co-development PartnerDigital transformation innovation education platform and AI talent training initiatives.
• Tencent CloudmajorStrategic or Co-development PartnerPartnership to help SMEs with digital transformation using Tencent's cloud infrastructure and services.
• British Aerospace / Arlington (英国宇航集团/阿灵顿)coreStrategic or Co-development PartnerJoint venture to build Technology Oasis (科技绿洲) starting in 2001, using British Arlington Park's design and management concepts.
• Hong Kong University of Science and Technology Shanghai Center (香港科技大学上海中心)coreStrategic or Co-development PartnerStrategic science and technology force introduced to build the park's innovation ecosystem.
• Hong Kong University Caohejing Base (香港大学漕河泾基地)coreStrategic or Co-development PartnerStrategic science and technology force introduced for innovation development.
• Shanghai Disruptive Technology Innovation Center (上海颠覆性技术创新中心)coreStrategic or Co-development PartnerNational strategic science and technology force integrated into the park's innovation system.
• Shanghai Innovation College (上海创智学院)coreStrategic or Co-development PartnerNational strategic science and technology force for innovation talent development.
• Shanghai Intellectual Property Trading Center (上海知识产权交易中心)coreStrategic or Co-development PartnerOne of four centers imported to support IP services in the park.
• Shanghai Intellectual Property Service Center (上海知识产权服务中心)coreStrategic or Co-development PartnerOne of four centers imported to support IP services.
• Shanghai Intellectual Property Protection Center (上海知识产权保护中心)coreStrategic or Co-development PartnerOne of four centers imported for IP protection services.
• Shanghai Trademark Review and Adjudication Center (上海商标审查协作中心)coreStrategic or Co-development PartnerOne of four centers providing trademark review and adjudication services.
• Zunyi Economic Development Zone (遵义经开区)majorStrategic or Co-development PartnerCooperation agreement signed in 2013 for co-development of Zunyi sub-zone project.
• Shanghai Quality Management Institute (质科院)majorStrategic or Co-development PartnerTraining partner for quality management and digital transformation programs.
• ApplemajorStrategic or Co-development PartnerTraining partner for technology and innovation programs in the park.
• Rockwell Automation (罗克韦尔)majorStrategic or Co-development PartnerTraining partner for industrial automation and digital transformation programs.

Scale indicators25 records

Recent moves10 records

Expansion highlights6 records

Emerging players

• Hangzhou Future Sci-Tech City: Newer development zone targeting AI, e-commerce, and tech startups, anchored by Alibaba ecosystem. Emerging as a competitor for AI and digital economy tenants that might otherwise locate in Caohejing.

Regional players

• Singapore Science Park: Asia's premier science and technology business park operated by CapitaLand, hosting R&D and tech tenants. Comparable as a managed tech park with focus on innovation clusters, but in a different geography (Southeast Asia) with different operating model.

Direct peers

• Zhangjiang Hi-Tech Park: Shanghai's other flagship national-level tech development zone, also focused on IC, biotech, and AI clusters. Most directly comparable given identical Shanghai location, similar vintage, and overlapping industry focus (semiconductors and life sciences).
• Shenzhen Hi-Tech Industrial Park: National-level tech development zone in Shenzhen focused on electronics, telecommunications, and emerging tech. Comparable in scale, IC industry focus, and concentration of high-tech enterprise tenants competing for similar multinational customers.
• Zhongguancun Science Park: China's flagship technology innovation zone in Beijing, hosting major tech giants and startups. Comparable as a national-level development zone targeting IC, AI, and life sciences with similar enterprise service and incubation models.
• Wuhan East Lake Hi-Tech Development Zone (Optics Valley): National-level development zone in Wuhan focused on optoelectronics, IC, and life sciences. Comparable in industry vertical focus (especially semiconductors) and as a state-operated tech park competing for similar industry tenants.
• Suzhou Industrial Park (SIP): One of China's most successful Sino-Singapore joint development zones, focusing on advanced manufacturing, biotech, and nanotechnology. Comparable in scale and national-level designation, competing for the same Yangtze River Delta tech tenants.
• Shanghai Lingang New Area: Sister zone under the same Shanghai Lingang Group parent company, positioning as Shanghai's next-generation free trade zone and tech hub. Direct peer sharing the same corporate parent, governance, and target tenant profile, but newer and receiving majority of growth capital.

Broad incumbents

• Chengdu Hi-Tech Industrial Development Zone: National-level development zone in western China focused on electronics, IT, and biotech. Comparable as a state-operated development zone with similar enterprise services and incubation programs, though broader industry focus and serving inland rather than coastal tenants.
• TEDA (Tianjin Economic-Technological Development Area): One of China's first national-level development zones, established in 1984 (same year as Caohejing), offering comparable industrial park management, property services, and tenant attraction across manufacturing and tech sectors. Broader geographic and industry focus than Caohejing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CaoHeJing