CHENGDU, China--(BUSINESS WIRE)--#BusinessFriendly--Chengdu has long had an international reputation as a highly livable city. In recent years, Chengdu has also cultivated a business-friendly environment aligned with international standards, making the city fertile soil for enterprise development, especially in the tech sector. XGIMI Technology, a Chengdu-based leading provider of multi-functional smart projectors and laser TVs in China, attributed part of its success to Chengdu�s favorable environment, helping the firm to grow and in 2018 surpass global giants Epson and Sony in the Chinese projector market for the first time.
According to data on China�s projector market in the first half of 2020 released by IDC, XGIMI ranked first in terms of shipments and sales, with a market share of 22%. Five XGMI models feature in the top ten projectors by shipments and sales.
Zhong Bo, Chairman of XGIMI Technology, first embarked on the road to become an entrepreneur with a mission to �create a business that changes the world.� Born and raised in Sichuan province, when Zhong established XGIMI Technology in 2013, he chose Chengdu as its home.
�Chengdu has three major advantages. First, Chengdu is positioned as an international city in western China and offers a business environment conducive to enterprise development. Second, the city�s high concentration of universities aids talent recruitment. The third advantage is Chengdu�s highly developed manufacturing sector, especially in the IT hardware sector.�
Chengdu High-tech Zone (CDHT) where XGIMI Technology is based is a hotspot for innovation in the city. Since XGIMI was established in CDHT�s Tianfu Software Park, the company has received considerable support, including rent reduction, favorable policies, and publicity.
Zhong says Chengdu offers a great environment for entrepreneurship, which has given birth to waves of new businesses that are highly competitive and innovative. �Chengdu�s entrepreneurial environment is the first attraction for young people seeking to start a business, as one can find many like-minded partners here. Secondly, the city offers favorable policies for entrepreneurship, drawing young people to Chengdu to realize their dreams.�
Zhong says that Chengdu�s business environment has continued to get better and better since he launched his company. The city is also striving to improve enterprise-oriented services across the business lifecycle and internationalize standards. By making Chengdu more convenient for business and employee�s everyday lives, the city has become a hotbed for entrepreneurship, especially in high-tech fields.
As XGMI continues its journey, the city it calls home is also accelerating its march to become a truly global city, empowering enterprises, and serving as a springboard to tap new markets and deploy resources around the world. For Chengdu and the companies based in this thriving city, a bright global future awaits.
Contacts
Wei Wang
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