Core Viewpoint - Douyin Group is establishing its second headquarters in Shenzhen, which will focus on the research and development of core products and new businesses, including AI and SaaS services [1][4][7]. Group 1: Douyin's Expansion in Shenzhen - Douyin Group's second headquarters is set to be located in Nanshan District, with a total investment of 310 billion yuan for 30 projects, making it the highest in the city [1][4]. - The new headquarters will support Douyin and Toutiao's core products and new business developments, including the establishment of the ByteDance AI lab and SaaS platform service center [1][4][7]. - The first regional headquarters, Douyin Group's Houhai Center, was opened in July 2025, covering an area of approximately 77,000 square meters [7]. Group 2: Investment Climate in Shenzhen - During the 14th Five-Year Plan, Shenzhen's fixed asset investment is expected to reach 4.5 trillion yuan, which is 1.5 times that of the previous plan [2]. - The recent heavy investments by industry leaders reflect a strong recognition of Shenzhen's business environment and strategic position, injecting significant momentum into the start of the 15th Five-Year Plan [2]. Group 3: Headquarters Economy in Shenzhen - The 15th Five-Year Plan for Shenzhen emphasizes the development of headquarters economy, aiming to enhance the concentration of headquarters projects and promote high-quality development [4]. - The focus is on creating a comprehensive headquarters project that integrates research and production, thereby strengthening the digital economy and AI sectors in Nanshan District [4][9]. Group 4: Advanced Manufacturing Projects - Among the 222 projects launched in Shenzhen, 76 are industrial projects with a total investment of 384.5 billion yuan, focusing on smart manufacturing and new display technologies [9][11]. - The global high-end measurement equipment and sensor manufacturing park by Hexagon, a Swedish company, is set to be completed by 2027 with an investment of 1.5 billion yuan, aiming for a production value of 13 billion yuan within five years [8][10][11].