The Huangpi District Government of Wuhan City announced that it will build a “Wuhan North IoT Technology Industrial Park” in the economic development belt in the south of Huanghua. After completion, the park can accommodate about 500 large-scale enterprises settled in, forming a park with an annual output value of 10 billion yuan and a tax revenue of 1 billion yuan.

In the past two years, the concept of the Internet of Things has "fired up" on a global scale. According to industry insiders, after the Internet of Things is put into use, the electronic stop sign can not only display trip information, but also accurately show the location of the vehicle at that time and the estimated time of arrival; the store can only automatically carry out the pricing when carrying goods through the access control... At the end of last year, Xinhua News Agency released the "2009-2010 China Internet of Things Annual Development Report," said that in 2010 China's Internet of Things industry is expected to scale more than 200 billion yuan in 2015, the total market size of China's Internet of Things is expected to reach 750 billion yuan.

In front of such a huge market, local companies in Wuhan have the opportunity to flex their muscles. Zou Xuecheng, Director of the Institute of Internet of Things at Huazhong University of Science and Technology, said that compared with cities such as Wuxi and Shenzhen that are speeding up the development of the Internet of Things industry, Wuhan’s advantages are mainly reflected in its technological advantages and industrialization base. However, in the application field, Wuhan is still relatively weak. . He believes that "if we innovate in business models, application models, etc., we will certainly be able to seize the high ground of the Internet of Things."

Wuhan North IoT Technology Industrial Park is involved in investment and construction by Fuxing Group Holdings Co., Ltd. and Hongtaokai Group Co., Ltd. It is estimated that the total investment will be 20 billion yuan, and the first phase will invest 6.5 billion yuan; the planned area will be 1500 acres, and the first phase of construction will be 500 Mu, constructing five parks such as the R&D incubator area for IoT, e-logistics area, smart city area, IoT hardware manufacturing area, and IoT supporting area.