Coming to a City Near You: Chinese Business Incubators

Chinese Vice President Xi Jinping (L) meets with Vice President Joe Biden regarding increased trade in Los Angeles, Feb. 16 Photograph by Jay L. Clendenin/Getty Images

Hanhai zPark is an 80,000-square-foot incubator for tech startups that opened last June in San Jose. It’s backed by investors from China, including the largest state-owned developer of business parks in Beijing. The group plans to open a biotech incubator twice the size in South San Francisco, near Genentech’s campus, by the middle of 2013. They’re searching for a third Bay Area property to turn into a 200,000-square-foot space for clean tech companies next year.

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