Fortune 500 company Asea Brown Boveri (ABB) on Tuesday inaugurated its Shenzhen office in Nanshan i Park and introduced its 480kW high-power liquid cooling supercharge system to the Chinese market on site, Shenzhen Economic Daily reported.

The added value of Shenzhen’s service industry will exceed 2.5 trillion yuan (US$393.25 billion) by 2025, with the modern service industry’s added value accounting for 77 percent of the service industry’s added value.

Seven Shenzhen enterprises were among the world’s top 50 applicants in terms of the number of international patent applications last year, Shenzhen Economic Daily reported, citing data from the World Intellectual Property Organization (WIPO).

Over 200 Shenzhen enterprises have ranked among the Guangdong Top 500 Enterprises for 2021, according to a list released by the Guangdong Provincial Federation of Enterprises and Guangdong Entrepreneurs Association.