Tianhe district in Guangzhou ranked third on the list of China's top 100 innovative districts, according to a report by CCID Consulting, which was released on March 28.

The report identified Tianhe district as the economic leader, urban living room and innovation engine of Guangzhou. Tianhe district insists on building a technological innovation highland, and has nurtured a number of innovative unicorn companies to accomplish this goal. New industries and new forms and models of business are currently flourishing in the district.

The report also introduced that market driven cities and districts, like Tianhe, are often based on vibrant market-based economies and rich urban supporting functions that will foster new innovation models. These models will have highly responsive, market-oriented application innovations as their main driving force.

Tianhe district has a wealth of experience in promoting a market-driven economy.  Zhujiang New Town, located in the district, has a high concentration of business service resources. The Guangzhou International Innovation Festival, which was launched in 2016, focuses on hot topics and cutting-edge areas of industrial transformation.

Tianhe has also set up several innovation clusters, including the industrial innovation cluster, to actively explore collaborative innovation among industries, universities and research institutes.