Both Tencent’s Net City and Vivo’s 32-story skyscraping headquarters will sit in the Chinese district of Shenzhen. The district has developed into a tech hub in recent years — telecommunications firm Huawei, smartphone maker ZTE, and drone giant DJI all call the sector home.

Vivo’s competitor, fellow smartphone manufacturer Oppo, is building a new HQ in Shenzhen, according to Bloomberg. And per a South China Morning Post report, TikTok parent company Bytedance has also invested in a plot of land in the district.