by LIU Sunan
Shanghai's Yangpu District is accelerating its transition from a former industrial hub into a core node of the city's innovation economy, leveraging new planning frameworks, digital infrastructure, and strategic land development along its 15.5-kilometer Huangpu River frontage.
At a global investment promotion event held on June 9, Yangpu launched 34 hectares of land across 16 plots for future development. The site, located at the newly opened Shipyard Park on Fuxing Island, underscores the district's ambition to reposition its waterfront area for high-tech and creative industries.
The announcement follows the release of Shanghai's "Huangpu River Integrated Functional and Spatial Quality Development Plan (2025–2035)" in March, which envisions a fourth wave of riverfront development led by science and technology.
Yangpu's future layout centers on "one island, two wings." The island—Fuxing Island—is a 1.3 square kilometer inland island that launched its "Quantum City" initiative last December. The project aims to develop a full-scale digital twin of the city using quantum theory and large spatial data models to enhance urban governance. Alibaba Cloud has been tapped to lead a global design competition for the island, with an emphasis on experimental urban prototypes.
The district's northern waterfront zone will be developed as a pilot zone for emerging industries, while the southern section—already home to tech firms including Meituan, ByteDance, and Bilibili—is expected to complete construction of several major commercial and R&D facilities by 2026. These include the Douyin Riverside Center, China Energy Conservation Shanghai headquarters, and Bilibili’s New Generation Industrial Park.
According to Yangpu Deputy District Mayor Xu Jianhua, the district plans to build "the youngest, most intelligent, and most sustainable" one-square-kilometer zone on the river, positioning it as a new milestone in Huangpu River's urban transformation.
Yangpu is also attracting long-term private investment. Kosmos Group plans to invest 2 billion yuan in a new luxury hotel and commercial complex on the riverside, which will also serve as its Asian headquarters. The company cited the site's rare riverfront views and convenient access to airports and city center as key factors.
By 2026, Yangpu's southern riverside segment is expected to host 2.7 million square meters of commercial and office space and attract 270,000 innovation workers. The district forecasts that a resident population of 300,000 could generate over 10 million transactions annually.
Beyond the waterfront, Yangpu is organizing its innovation economy around four key zones: the southern riverside, Daqianzhi Innovation Park, Future Valley, and the northern riverside including Fuxing Island. Daqianzhi hosts over 5,000 enterprises and is designated a national cultural industry park. Future Valley, supported by Fudan, Tongji, and Shanghai University of Finance and Economics, focuses on AI, semiconductors, green tech, and new materials.
To support these clusters, Yangpu has developed a "1+2+3+4" industry framework: one digital economy-led structure, two pillar sectors (online economy and smart manufacturing), three emerging clusters (each targeting 100 billion yuan scale), and four forward-looking fields—AI, life sciences, green low-carbon, and technology services.
Yangpu is home to over 8,000 digital economy enterprises, with its software and IT services sector posting double-digit growth for eight consecutive years. In 2024, the total revenue of large-scale firms surpassed 320 billion yuan, accounting for a fifth of the city's total.
The district also benefits from a strong talent pipeline, with 14 universities and around 180,000 students—nearly a quarter of Shanghai's student population.
Yangpu's industrial policies include up to 1 million yuan in one-time grants for high-growth tech firms, project subsidies of up to 5 million yuan for pilot applications, and open-ended support for major innovation projects led by top-tier talent. For newly introduced low-altitude economy headquarters, the district offers subsidies of up to 10 million yuan.
To ease operational challenges, Yangpu has pioneered inter-district coordination. For example, manufacturing activities may be located elsewhere, while R&D and sales are encouraged to remain in Yangpu.
