The foundation plaque for the Netease Innovation Center is unveiled in Suichang county on March 18. [Photo/Lishui Daily]

The new Netease Innovation Center in the Digital Green Valley in Suichang county -- administered by Lishui city in East China's Zhejiang province -- was officially inaugurated on March 18, local media reported.

NetEase is a stock market-listed developer and operator of online PC and mobile games, advertising services, email services and e-commerce platforms in China.

The innovation center initiated by NetEase is an industrial service platform for scientific and technological innovation and training personnel.

With two teams of academicians, one overseas cultural creativity team and two domestic entrepreneurial teams settling in the center in online and offline forms, the exploration of the county in green science and technology and the digital economy is moving into a new stage, officials noted.

"Starting with the five teams, we will incubate or introduce no less than 50 enterprises to Suichang in three years, with an accumulative total output value of no less than 180 million yuan ($27.66 million)," said Peng Ming, the executive in charge of the center.

As a major industrial project in Zhejiang in 2020, Digital Green Valley in Suichang reportedly aims to develop the county into an innovation and entrepreneurship platform.

In addition to the Netease Innovation Center, an Aliyun Innovation Center will be opened in the county soon. A number of prestigious projects, including a Holovis technology and cultural creativity platform and the Jingsheng mechanical and electrical training center, are also ready to be launched.