Construction of the Kugou Music headquarters project, which will settle in the eastern part of the Guangzhou International Financial City in Tianhe district, started on Jan 29 at the commencement and signing ceremony for major first-quarter projects in Guangzhou in 2023.

The design sketch of the headquarters of Kugou Music. [Photo/WeChat account: gztzth]

The project will have a total investment of nearly 3 billion yuan ($444.68 million). After it is put into operation, it will gather more music resources for Tianhe by making use of Kugou's online digital music platform. By focusing on digital technology innovation and R&D, it will help attract and cultivate more high-quality music enterprises and talents, therefore promoting the development of Guangzhou's cultural industry.

Sinopec Guangzhou Engineering's R&D center project will also settle in Tianhe. It is set to be built in the Tianhe Hi-tech Industrial Development Zone, and will have an investment of 1.5 billion yuan. It will mainly focus on engineering technology R&D, engineering consulting, engineering design, and general contracting.

The commencement and signing ceremony for major first-quarter projects in Guangzhou in 2023 is held on Jan 29. More than 460 projects have signed or started construction. [Photo/WeChat account: gztzth]