The Toronto area is one of the largest high-tech cities in North America, with more than 3,400 companies of all sizes, with about 160,000 people working in 11 IT and communications companies. Torontos IT and communications companies generate more than 25 percent of the regions revenue each year. There are excellent job opportunities in this city. There are about 500 companies in the world with research centers in Toronto, and IBM has the largest software development lab in Toronto. In the region, a large number of companies engaged in software development, computer hardware, network services, and more than 300 companies engaged in the development of new media, this is the worlds second largest after the United States Los Angeles multimedia development of cities.
On November 16, 2016, Shenzhen and Toronto, Canada signed a memorandum of understanding on friendly exchanges and cooperation, and the two cities concluded as friendly exchanges. Shenzhen government is looking forward to the Toronto financial, science and technology innovation superiority and the shenzhen market mechanism is flexible, perfect supporting industries, such as comprehensive expand areas of cooperation, enhance cooperation level, achieve mutual benefit and win-win results.