Zhabei, formerly romanized as Chapei, is a neighborhood and a former district of Shanghai with a land area of 29.26 km2 (11.30 sq mi) and a resident population of 847,300 as of 2013.
However, due to the shift in the structure of industries and increasing number of immigrants from outside Shanghai, partly due to its reasonable real estate price (compared to its counterparts such as Putuo and Hongkou), the district has become increasingly appealing to city residents.
Zhabei local authorities have developed business and commercial centres in the district.
It has attracted various foreign companies to build offices, apartments and commercial retail outlets over there.
Major companies located in Zhabei include TÜV Rheinland, Royal Philips Electronics and Shanghai Bell Alcatel Business Systems Co., LTD.[2] China Resources Beverage, the distributor of C'estbon water, has its east China regional office on the twentieth floor of the Huanzhi International Building (环智国际大厦) in the district.