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Shanghai
The city where CZ co-founded his first startup, an IT services firm, and where he first discovered and invested in Bitcoin.
First Mentioned
2/14/2026, 3:14:22 AM
Last Updated
2/14/2026, 3:35:15 AM
Research Retrieved
2/14/2026, 3:35:15 AM
Summary
Shanghai is a direct-administered municipality in China and a preeminent global hub for finance, technology, and transportation, situated at the southern estuary of the Yangtze River. Historically a fishing village, it rose to prominence in the 19th century as a treaty port and became Asia's primary commercial and financial center by the 1930s. After a period of reduced global influence during the Cold War, the city underwent massive redevelopment in the 1990s, particularly in the Pudong New Area, restoring its status as an international trade leader. Today, it hosts the world's busiest container port, the Shanghai Stock Exchange, and the world's largest metro network. The city is also a significant site for entrepreneurship, serving as the location where Changpeng Zhao co-founded his first IT services startup before the 2017 crypto ban shifted his operations elsewhere.
Referenced in 1 Document
Research Data
Extracted Attributes
Total Area
2,400 square miles (6,200 square km)
Historical Name
Shen (申)
Metro Network Status
World's largest by route length
Official Abbreviation
Hu (沪)
Urban Population (2025)
29,558,908 residents
Gross Metropolitan Product (2022)
13 trillion RMB ($1.9 trillion nominal)
Fortune Global 500 Companies (2024)
13 companies
Global Financial Centres Index Rank
8th
Timeline
- Official inception date of the city according to historical records. (Source: Wikidata)
1292-01-01
- Shanghai is forced to open as a treaty port following the First Opium War. (Source: Wikipedia)
1842-08-29
- The Shanghai Park Hotel is built, remaining the city's tallest building until 1983. (Source: cathzine substack)
1934-01-01
- Communist forces take control of the city following the Chinese Civil War. (Source: Britannica)
1949-10-01
- Extensive redevelopment begins in the Pudong New Area to revitalize the economy. (Source: Wikipedia)
1990-01-01
- The Shanghai Metro officially opens its first line. (Source: Wikipedia)
1993-05-28
- The Chinese Crypto Ban is implemented, impacting Shanghai-based tech entrepreneurs like CZ. (Source: Document c84b95ee-214b-4e24-b48a-09ad00fb592f)
2017-09-04
- The Greater Shanghai metropolitan area reaches a nominal GMP of 13 trillion RMB. (Source: Wikipedia)
2022-12-31
- The urban area population is recorded at approximately 29.5 million residents. (Source: Wikipedia)
2025-01-01
Wikipedia
View on WikipediaShanghai
Shanghai is a direct-administered municipality and the most populous urban area in China. It has a population of 29,558,908 in the urban area as of 2025. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the Huangpu River bisecting the city. Shanghai is a global center for finance, business and economics, research, science and technology, manufacturing, transportation, tourism, and culture. The Port of Shanghai is the world's busiest container port. As of 2022, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product (nominal) of nearly 13 trillion RMB ($1.9 trillion). Originally a fishing village and market town, Shanghai grew to global prominence in the 19th century due to domestic and foreign trade and its favorable port location. The city was one of five treaty ports forced to open to trade with the Europeans after the First Opium War, with the Shanghai International Settlement and French Concession subsequently established. The city became a primary commercial and financial hub of Asia in the 1930s. During the Second World War, it was the site of the Battle of Shanghai. This was followed by the Chinese Civil War with the Communists taking over the city and most of the mainland. During the Cold War, trade was mostly limited to other socialist countries in the Eastern Bloc, causing the city's global influence to decline. The reform and opening up supported by Deng Xiaoping led to extensive redevelopment by the 1990s, particularly in the Pudong New Area, spurring the return of finance and foreign investment. The city has re-emerged as a hub for international trade and finance. It is the home of the Shanghai Stock Exchange, the largest stock exchange in the Asia-Pacific by market capitalization and the Shanghai Free-Trade Zone, the first free-trade zone in mainland China. It is ranked eighth globally on the Global Financial Centres Index. Shanghai has been classified as an Alpha+ (global first-tier) city by the Globalization and World Cities Research Network. As of 2024, it is home to 13 companies of the Fortune Global 500—the fourth-highest number of any city. Shanghai is the world's second largest city by scientific outputs and home to several highly ranked universities, including Fudan, Shanghai Jiao Tong and Tongji. The Shanghai Metro, first opened in 1993, is the largest metro network in the world by route length. Shanghai has been described as a global finance and innovation hub, and it is one of the ten biggest economic hubs in the world. Featuring several architectural styles such as Art Deco and shikumen, the city contains the Lujiazui skyline, and museums and historic buildings such as the City God Temple, Yu Garden, the China Pavilion and buildings along the Bund. Shanghai is known for its cuisine, local language, and cosmopolitan culture. It ranks sixth in the list of cities with the most skyscrapers.
Web Search Results
- Shanghai | History, Population, Map, & Facts - Britannica
Shanghai was one of the first Chinese ports to be opened to Western trade, and it long dominated the nation’s commerce. Since the communist victory in 1949, however, it has become an industrial giant whose products supply China’s growing domestic demands. The city has also undergone extensive physical changes with the establishment of industrial suburbs and housing complexes, the improvement of public works, and the provision of parks and other recreational facilities. Shanghai has attempted to eradicate the economic and psychological legacies of its exploited past through physical and social transformation to support its major role in the modernization of China. Area Shanghai municipality, 2,400 square miles (6,200 square km). Pop (2010) city, 20,217,748; Shanghai municipality, [...] Shanghai, city and province-level shi (municipality), east-central China. It is one of the world’s largest seaports and a major industrial and commercial centre of China. The city is located on the coast of the East China Sea between the mouth of the Yangtze River (Chang Jiang) to the north and the bay of Hangzhou to the south. The municipality’s area includes the city itself, surrounding suburbs, and an agricultural hinterland. Shanghai is China’s most-populous city, and the municipality is its most-populous urban area. [...] ## Landscape ## City site Shanghai municipality is bordered by Jiangsu province to the north and west and Zhejiang province to the southwest. It includes the 18 districts constituting the city of Shanghai and several islands in the mouth of the Yangtze and offshore to the southeast in the East China Sea. The largest island, Chongming, has an area of 489 square miles (1,267 square km) and extends more than 50 miles (80 km) upstream from the mouth of the Yangtze; it and the islands of Changxing and Hengsha administratively comprise a county under Shanghai municipality.
- Shanghai - Wikipedia
of any city. Shanghai is the world's second largest city by scientific outputs and home to several highly ranked universities, including Fudan, Shanghai Jiao Tong and Tongji. The Shanghai Metro, first opened in 1993, is the largest metro network in the world by route length. [...] According to the Shanghai Municipal Statistics Bureau, about 157,900 residents in Shanghai are foreigners, including 28,900 Japanese, 21,900 Americans, and 20,800 Koreans. The actual number of foreign citizens in the city is probably much higher. Shanghai is also a domestic immigration city—40.3% (9.8 million) of the city's residents are from other regions of China. [...] As one of the main industrial centers of China, Shanghai plays a key role in domestic manufacturing and heavy industry. Several industrial zones—including Shanghai Hongqiao Economic and Technological Development Zone, Jinqiao Export Economic Processing Zone, Minhang Economic and Technological Development Zone, and Shanghai Caohejing High-Tech Development Zone—are backbones of Shanghai's secondary sector. Shanghai is home to China's largest steelmaker Baosteel Group, China's largest shipbuilding base Hudong–Zhonghua Shipbuilding Group, and one of China's oldest shipbuilders, the Jiangnan Shipyard. In auto manufacturing, the Shanghai-based SAIC Motor is one of the three largest automotive corporations in China, and has strategic partnerships with Volkswagen and General Motors. The company
- Shanghai – Travel guide at Wikivoyage
By the early 20th century, Shanghai was the largest and most prosperous city in the Far East, and one of the wildest. With the opening up of China since the late 1970s, Shanghai has regained much of its former glory and has surpassed it in many ways; the pace of development being absolutely furious. Today, Shanghai is again one of the largest and most prosperous cities in Asia, though not nearly as wild as it once was. It is now a very attractive city for travellers from all over the world, and a major destination for both tourism and business. A Forbes article ranks Shanghai as the world's 14th most visited city, with 6.5 million visitors in 2012. [...] ### Economy [edit] Shanghai is strategically positioned: near the geographic center of China, at the mouth of the great Yangtze River and surrounded by fertile delta land. It has been a trading city for a thousand years and one of China's main centers of trade since the 1840s; today it is a major transport hub. It has the world's busiest container port and additional port facilities are under development. Shanghai's Pudong Airport is a global air hub and ranks third on a list of China's busiest airports, behind Beijing and Guangzhou. Shanghai's other airport, Hongqiao, ranks fourth. The city is also very well connected by both road and rail. [...] Shanghai reached its zenith in 1920s and 30s and was at that time the most prosperous city in East Asia. On the other hand, the streets were largely ruled by the triads (Chinese gangs) during that period, with the triads sometimes battling for control of parts of Shanghai. That period has been greatly romanticised in many modern films and television serials, one of the most famous being The Bund, which was produced by Hong Kong's TVB in 1980. Shanghai also became the main center of Chinese entertainment during that period, with many films and songs produced in Shanghai.
- Shanghai Travel China: Facts, Attractions, City Map, Weather, Tips
Shanghai, Hu for short, is a renowned international metropolis drawing more and more attention from all over the world. Situated on the estuary of the Yangtze River, it serves as the most influential economic, financial, international trade, and cultural center in East China. Also, it is a popular travel destination for visitors to sense the pulsating development of the country. In addition to its modernization, the city's multicultural flair endows it with a unique glamour. Here, one finds the perfect blend of cultures, the modern and the traditional, and the western and the oriental.
- The Shanghai Travel Guide I Wish I'd Had - by Catherine - cathzine
沪 (hù)—an official abbreviation for Shanghai, coming from 沪渎 (hù dú, "Harpoon Ditch"), meaning “the main conduit into the ocean.” You’ll see these on all of the motor vehicle license plates issued by the municipality. 申城 (shēn chéng)—an older name for Shanghai, comes from nobleman 春申君 (chūn’shēnjūn), who was a locally revered hero of the 3rd century BC state of Chu. This character will often be used for sports teams, newspapers, and you’ll see a garden in the Expo Center area using this character: 申园 (shēnyuán) 华亭 (huátíng)—an early name from the mid-Tang Dynasty (751 AD), where Huating County was established as the first county-level administration within modern-day Shanghai. # the travel guide [...] Shanghai Park Hotel (国际饭店, guójì fàndiàn)—also called “Jin Jiang Park Hotel,” its Chinese name literally translates into “International Hotel.” It was built in 1934 and was the tallest building in the city from its debut year to 1983, overlooking Shanghai’s horse racing course (that is now the People’s Square Park). Since 2006, it has become a National Priority Protected Site while still functioning as an operational hotel in the center of the city. Shanghai History Museum (上海市历史博物馆;shànghǎi shì lìshǐ bówùguǎn)—focuses on the local history from 1843 to the communist takeover in 1949. It showcases a collection of about 110,000 pieces in 15 categories (i.e., painting, metal, ceramics, printing, paper-cuts, stamps, etc.) [...] + Shanghai Binjiang Forest Park(上海滨江森林公园,Shànghǎi bīnjiāng sēnlín gōngyuán)—located north of the Yangtze River (长江; chángjiāng), where the Yangtze River, Huangpu River (黄浦江; huángpǔ jiāng), and East China Sea (东海; dōnghǎi) converge. It used to be a sandy beach that the city converted into a park to allow residents a place to rest in nature. We walked a majority of it and it was beautiful! It’s definitely biker-friendly. + Shanghai Garden (申园, shēn yuán)—a garden within the big Shanghai Expo Culture Park designed in the style of the traditional Jiangnan garden of the Ming and Qing Dynasties. It’s not too large; it can easily be explored within 2-3 hours depending on how many pictures you like taking :) but highly recommend the visit~
Wikidata
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Country
Located In
Instance Of
Population
24,870,895Coordinates
Inception Date
1/1/1292
DBPedia
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