今日上海
闵行新总部、新上市企业蓬勃发展 - 2026年01月21日
Businesses flourish in Minhang with new HQs, listing
The Lingang Pujiang International Science and Technology City High-End Medical Devices Industrial Cluster ZoneHigh-end Medical Devices Cluster Set to Accelerate Lab-to-market Innovation
The Lingang Pujiang International Science and Technology City High-End Medical Devices Industrial Cluster Zone was inaugurated in Minhang District during the recent Global Developer Pioneers Summit 2025 High-End Medical Devices Ecosystem Forum.
As one of Shanghai's three major clusters for high-end medical devices, the new cluster zone signals the latest initiative to further facilitate the transition of medical research achievements from laboratories to production lines and into commercial operation.
The cluster zone covers approximately 1.38 square kilometers, and focuses on "pilot-scale conversion and high-end manufacturing."
Minhang has been designated as one of Shanghai's three major clusters for high-end medical equipment manufacturing.
On November 26, the district issued an implementation plan and laid out the overall blueprint of the zone.
It prioritizes the development of high-end in vitro diagnostics and high-end implantable medical devices.
It will also establish public service platforms, including a medical device CDMO (Contract Development and Manufacturing Organization) pilot-scale platform, a proof-of-concept center and a technology transfer platform.
The district has set out goals that by 2027, enterprises in the cluster zone are expected to gain 120 new Class III medical device registrations; gain over 20 additional overseas market approvals for medical devices; with an overall industrial value of 22 billion yuan (US$3.16 billion); and the cluster will host over 600 enterprises.
Wujing's Low-altitude Industry Surge
Fuya Intelligence Technology Co Ltd has set up its headquarters at Guosheng Health Cloud Park in Wujing Town, Minhang District, boosting the town's low-altitude economy cluster development.
Since its establishment in 2017, Fuya Intelligence has been focusing on the core domain of "low-altitude economy and smart applications." It's a council member of the Aircraft Owners and Pilots Association, a member of the Shanghai Unmanned Aerial Vehicle Safety Management Association, and the Vice Chairman of the Shanghai Low-Altitude Technology Committee.
The company has built an integrated industry chain covering drone design and R&D, assembly and sales, application platform solutions, low-altitude ecosystem platform development and industry-education.
Wujing is developing an urban low-altitude testing base, with a prime location with 200 square kilometers of stable, deployable airspace.
Minhang GPU Firm Lists on HKSE
Minhang-headquartered Shanghai Iluvatar CoreX Semiconductor Co Ltd has completed its Hong Kong Stock Exchange listing, raising approximately HK$3.7 billion (US$475 million) under the ticker 9903.HK.
Iluvatar CoreX mainly supplies graphics processing units along with supporting artificial intelligence computing solutions. It represents a strategic move by Iluvatar CoreX to connect with global capital and advance into the international market. The IPO was completed after the global issuance of 25.43 million shares.
Prior to the listing, Iluvatar CoreX had completed multiple rounds of financing, including investments from state-owned platforms such as Shanghai Minhang Financial Investment Development Co Ltd.
As a district-level state-owned enterprise, Minhang Financial Investment Development has continued to support the company's development through joint fund establishment with municipal state-owned capital and direct investment.
The firm is the third of the so-called Shanghai GPU quartet to list within a month and the fourth Chinese GPU maker to go public in the past month. Along with Biren Tech, MetaX, Enflame, the four are known as the "quartet" of Shanghai-based GPU suppliers.
Bearing Giant's R&D HQ Work Starts in Pujiang
C&U Co Ltd, a leading bearing manufacturer, has commenced the construction of its global bearing R&D headquarters and high-end bearing smart manufacturing base in Minhang's Pujiang Town.
This also marks Minhang's first major industrial investment project to begin construction this year.
China has achieved significant accomplishments in fields such as rail transit and new energy vehicles, yet some of the high-end bearings used in these sectors still come from overseas suppliers and imports.
To this end, C&U Co has invested in its global bearing R&D headquarters in Shanghai, and also commenced smart manufacturing projects for bearings across three key sectors: robotics, automotive and rail transit.
The first phase of the project includes two super-smart factories specializing in robotics and automotive bearings, alongside the establishment of a global bearing R&D headquarters. Completion and commencement of operations are scheduled within three years. Construction of the second phase is scheduled to begin in 2029.
The headquarters boasts proximity to the major transport hubs of Hongqiao and Pudong, marking an excellent strategic foothold to serve global markets.
Source: City News Service
