Biz / Tech

Software park sees high growth with new sub-park and tech upgrade

New sub-park may produce US$1.5b in annual revenue and attract 200 IT firms

The Shanghai Pudong Software Park, one of the earliest  software parks in China, may generate high growth with a newly-opened sub-park boasting upgraded infrastructure and engaging in new technologies like cloud computing, Internet of Things and artificial intelligence, Shanghai Daily learned today.

The new sub-park, in the Sanlin region in the east of Shanghai, is expected to produce up to 10 billion yuan (US$1.47 billion) in annual revenue and attract about  200 information technology firms. Investment in the newly-opened park totaled 4 billion yuan, said Pudong Software Park Co, the park operator.

The software park, also the national software industrial export base, plans to become a new smart IT park boasting  upgraded infrastructure and new strategic sectors, said Zhang Sulong, general manager of the software park.

The new sectors cover cloud computing, big data, the Internet of Things, mobile Internet, artificial intelligence, Fintech and information security. More than 60 firms in the park have invested in IOT, 100 companies are engaged in cloud computing, big data or Fintech, and 10 are involved in AI.

The park aims to tap technology upgrading to offer new services and mobile applications ranging from applying for funds, tax consulting, marketing, intellectual property rights protection as well as finance and loan services.

Founded in 1992, the software park is home to 588 firms and produced an industry output of 66 billion yuan in 2016.

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