End of China's 'Silicon Valley'

A parking space indicator at Zhuangguancun electronic market area on Jan 31, 2015. [Photo/IC]

Beijing Zhongguancun E world was one of the largest shopping centers in Zhongguancun with one billion in sales revenue and 10 million customers annually. It has decided to cease its electronic products retailing operation, and turn into office building for IT companies. It was the second shopping center selling electronic products to abandon retailing business completely and turn into office building in Zhongguancun.