Shanghai Zhangjiang Group

Shanghai Zhangjiang Group is a state-backed science and technology industrial park operator with a 30-plus-year track record of developing the Zhangjiang Hi-Tech Park, a cluster known for its "chips and pharmaceuticals" strengths . The group functions as both a physical ecosystem builder and an active investor in hard-tech startups: it co-led a RMB 400 million Series D in AI chipmaker Sima AI (FlashMa) in 2022 alongside Zhangjiang Hi-Tech Park Development and CCTV's media fund , and has maintained a long-standing LP relationship with Yunqi Capital, dating back to Yunqi's earliest days . In 2023, the two parties deepened collaboration through joint portfolio company networking events at Zhangjiang Science Hall, explicitly framed as talent-recruitment and ecosystem-building exercises . The group's deputy general manager Chen Heng has described Zhangjiang's core assets as its technological depth and industrial resources, while acknowledging reliance on venture partners like Yunqi to attract talent and dealflow . Related coverage: Zhangjiang Science & Technology Venture Capital and Zhangjiang Hi-Tech Park Development appear as separate but affiliated entities in the same orbit .