The Peace Packing Factory, originally a cotton packing factory for the British Peace Firm, was established in 1905 and handled the packing and import/export business of cotton, cattle and sheep hides, tung oil, raw lacquer, etc. In December 1953, it was taken over by Wuhan Municipal State-owned Commercial Warehouse Company and renamed as the Third Packing Factory of the City Warehouse Company. In 1960, it was converted for use as the Qingdao Road Warehouse. In July 2009, it was included in the Qingdao Road Historical District Preservation and Renewal Project and managed by the Wuhan Jiang'an State-owned Assets Operation and Management Co., Ltd. In November 2011, it was designated as a Wuhan Cultural Relic Protection Unit by the Wuhan Municipal Government. In 2016, the Wuhan Municipality approved the "Hankou Cultural and Creative Valley" in Jiang'an District as the third batch of "Chuanggu Plan" projects, with the renovation of the Peace Packing Factory serving as a demonstration project for the "Hankou Cultural and Creative Valley." In March 2017, CITIC Architectural Design & Research Institute Co., Ltd. took on the design work, and Jiang'an State-owned Assets Company organized the cultural relics protection and renovation. The renovation was completed and put into use in June 2018. In 2019, the Peace Packing Factory's conservation and reuse project won the UNESCO Asia-Pacific Region's 2019 Annual Heritage Conservation Award and became the main venue for the fourth Wuhan Design Biennale.

The complex was initially constructed in 1905 and expanded in 1918, 1933, and 1949, forming a group of seven industrial buildings with distinct styles. The individual buildings are connected through corridors and external staircases. Currently, this location has become a hub for culture, art, design, technology, influencer incubation, new media content production, online platforms, content industry, and high-end talent.