When the BOE Technology (Group) Co began building a Gen 8.5 TFT-LCD line in Beijing Economic-Technological Development Area in 2009, the Beijing E-Town International Investment & Development Co put 3.5 billion yuan ($ 530 million) into the project. By now, it has attracted some Fortune Global 500 enterprises, such as the Admiral Oversea Corp and Sumitomo Chemical Co for projects nearby, and has gotten more than 65 billion yuan in investment and is forming an industrial cluster worth more than 100-billion yuan, with support from State-owned investors such as E-Town Capital and BOE Technology Group for rapid development. By the end of 2015, the group’s shipment of LCD panels put it in 4th place worldwide, following LG, Innolux and Samsumg. Its shipments of mobile phone panels and tablet panels are at No.1 in the world.