HANGZHOU VICTORY
BUSINESS
CENTER
Hangzhou Victory Business Center Tower is located in Qianjiang New Town, Shangcheng District, Hangzhou,Zhejiang Province, within only 10-minute walking distance of junction (Sanbao station and Yudao station,) at which two metro lines (line 6 and line 9) and one airport express line intersect, and enjoys greater accessibility to the Xiaoshan International Airport, Asian Games Village and other main metro stations. The project was completed in January 2017, with a total gross floor area of more than 70,000 sq.m., including two 18-storey Grade A offices, four blocks of detached villa-style office buildings and 2-storey underground car park spaces. The property was awarded “Guangsha Award” (廣廈獎) in 2021. Hangzhou Victory Business Center Tower Block 2 has attracted a number of renowned enterprises, including Powerchina, Bank of China, Hangzhou Customs, Sijiqing Street Qianyun Community, Yiyiyizhongliu (一億中流), Shanxi Road & Bridge, CCCC Water Resources and Hydropower, Yiqiwan Technology, Caitong Securities and Yuexiu Property.
Hangzhou, the capital of Zhejiang Province, is the economic, cultural, science and educational centre of Zhejiang Province and the second largest central city in the Yangtze River Delta (YRD) after Shanghai. Hangzhou is strategically located in the south of the YRD and is a major transportation hub in Southeast China. There are three railroads and four expressways in the city that are well connected to Shanghai, contributing to the “amalgamation” of Shanghai and Hangzhou. Hangzhou is the base for the e-commerce giant Alibaba, and is home to venture capital funds, big data firms, and hundreds of technology-linked companies. At present, Hangzhou has served as a base for 30% of the China’s software businesses and is one of the top ten software industry bases in China. Among the list of Fortune 500 companies, 37 have settled in Hangzhou. This has created a strong investment environment for the modern service industry. GDP of Hangzhou grew 5.6% y-o-y and reached RMB2,005.9 billion in 2023, making the city the eighth among provincial capital cities and municipalities in China. The economy of Hangzhou in recent years has been built on the “1+6” industrial structure to move the city forward to a digitized economy. The “1+6” industrial structure comprises digitized economy sector and other major services and manufacturing sectors. In 2023, the total added value of the city’s digital economy reached RMB567.5 billion, representing an increase of 8.5% over a year earlier and accounting for 28.3% of GDP.
