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China: IT Service Income Set to Expand 15%
Source: shanghaidaily.com
Source Date: Saturday, January 26, 2013
Country: China
Created: Jan 29, 2013

SHANGHAI'S information technology service industry expects to grow its revenue by 15 percent this year as it taps rising prospects in cloud computing, mobile Internet and financial services.

The revenue may reach 450 billion yuan (US$72.3 billion) this year, the Shanghai Commission of Economy and Information Technology said yesterday.

The IT service industry, which encompasses software, IT service and the game sector, generated 362.8 billion yuan in revenue last year, an increase of 18 percent, accounting for 6.1 percent of the city's gross domestic product.

The IT service industry "will continue growing rapidly this year," said Zhu Zongyao, the head of the commission's software division.

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