Wuxi is a regional business hub, with extensive manufacturing and large industrial parks devoted to new industries. Historically a center of textile manufacturing, the city has adopted new industries such as electric motor manufacturing, MRP software development, bicycle and brake manufacturing, and solar technology, with two major photovoltaic companies, Suntech Power and Jetion Holdings Ltd, based in Wuxi. Wuxi Pharma Tech, a major pharmaceutical company, is based in Wuxi The city has a rapidly developing skyline with the opening of three supertall skyscrapers in 2014: Wuxi IFS (), Wuxi Suning Plaza 1 () and Wuxi Maoye City - Marriott Hotel ().