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Leaders from the University of Washington, Tsinghua University, Microsoft and other local organizations came together Friday to celebrate to kick off construction of the Global Innovation Exchange building in Bellevue’s Spring District.

The Global Innovation Exchange, or GIX, is a partnership between Tsinghua and UW to offer graduate technology degrees for U.S. and Chinese students. Microsoft is a key corporate partner and committed $40 million to the initiative last year.

Image: This building will house the Global Innovation Exchange in Bellevue, Wash., and it is expected to open next year. Credit: Bora Architects.