Ningbo Fangte Glorious Orient, a large scale and high-tech theme park, opens in Ningbo, Eat China's Zhejiang province on July 9. [Photo/Ningbo Evening News]

Ningbo Fangte Glorious Orient, another large scale and high-tech theme park funded by the Shenzhen-based Huaqiang Group following Ningbo Fangte Oriental Heritage, opened in Ningbo, East China's Zhejiang province on July 9. 

The park revolves around Red culture and is the first of its kind in East China. With an investment of 3 billion yuan ($461.54 million), it spans 400,000 square meters in total.

It encompasses over 10 high-tech indoor projects, 20-plus outdoor amusement projects, as well as themed restaurants and shops, with a designed reception capacity of three million visitors per year.

The new theme park showcases the contemporary history of China's quest for national independence and rejuvenation, offering visitors immersive experiences using cutting-edge technology like AR, VR and HD screens.

Ningbo Fangte Oriental Heritage, which opened in 2016, has received more than 16 million visitors to date, official data shows.

Both of the Fangte theme parks are located in Hangzhou Bay New Area. Since its establishment in 2010, it has introduced a total of 503 investment projects worth about 463.29 billion yuan, among which 46 are ones by world's top 500 enterprises.