Six technological finance programs officially joined the Sino-Singapore Ecological City in Tianjin, according to the eco-city’s administrative commission on 24 May.

 

Focused Photonics, a solution provider of process control and environmental monitoring and ZhenFund, a leading seed fund were among the six programs.

 

The continuous focus on technological finance promotes the development of the Ecological City, the first green development demonstration area in China.

 

Located in Binhai New Area, the eco-city was jointly constructed by the Chinese and Singaporean governments and takes up a total area of 30 square kilometres. The city aims to become a model among international eco-cities in around a decade and is estimated to attract up to 350,000 residents. In the eco-city, 100 percent of buildings are built with green architecture.

 

Qufenqi.com, as a leading electronic commerce platform targeting college students, launched its financial risk control business in the eco-city. Qufenqi.coms annual revenues exceeded eight billion CNY (1.29 billion USD) last year. More than 500 staff will move to the eco-city dealing with financial risk auditing and backstage services.

 

The BlueRun Ventures which has provided investment capital to Qufengqi.com also joined the eco-city.

 

Founded by Xu Xiaoping, one of the co-founders of New Oriental Group, ZhenFund has invested in domestic e-commerce leader Jumei.com and Vasoon Animation. ZhenFund will focus on industries such as e-commerce, cultural communication, and mobile Internet.
 

As a new comer to the eco-city, the ‘entrepreneurship island’ will provide angel investment funds and incubation services to entrepreneurs. 

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