(Yicai Global) Aug. 3 -- Leading world technology media TechCrunch will hold its annual innovation summit in Shanghai in October.

The summit will focus on the sharing economy, intelligent hardware, virtual reality, alternative reality and other hot areas, said Lu Gang, founder of TechNode.com and head of TechCrunch China.

TechCrunch has held international innovation summits in China on several occasions since 2013, and has attracted many heavyweight guests such as Alphabet-Google executive chairman Eric Schmidt, China Internet giant Tencent founder Pony Ma, and Innovation Works founder Kai-fu Lee. The conference also invited China bike-sharing industry leader Mobike and ofo's co-founder to jointly discuss hot industries and explore future trends.

The summit to be held at the end of October will also focus on biotechnology, new retail, artificial intelligence, blockchain and initial coin offerings, industrial internet and other innovative areas, Lu said in an open letter. Media will also stage an entrepreneurial contest. Many outstanding projects -- as EHang, Coding, Ruff, and Kapbook -- have attracted investors' attention via these entrepreneurship contests.