In February 2021, Hitachi Elevator (China) Co., Ltd. (Hitachi Elevator) entered into a nationwide strategic agreement for the procurement of elevators with China Merchants Shekou Industrial Zone Holdings Co., Ltd. (China Merchants Shekou) during a three-year period, from 2020 and 2022. Hitachi Elevator has collaborated with China Merchants Shekou in delivering several iconic projects in Shenzhen'sPrince Bay area over the several years following the launch of their first strategic alliance in 2010. Accomplishments include Tencent Seafront Towers, Wanhai Building, Linghai Building, Yunxi Building and Hana Warehouse, all of which have served to enhance the stature of the city as one of China's economic powerhouses.