Software, Internet sectors post 20% growth in first half

July 27, 2017 |

Putuo’s software and information service industries achieved 8.14 billion yuan (US$1.21 billion) in turnover in the first half of the year, 20 percent more than the same period of 2016, and the momentum is likely to continue in the second half.

Official statistics show that Putuo has three companies with a first-half turnover of over 1 billion yuan each and seven companies with a turnover of over 500 million yuan each. Both figures were higher than the same period of last year.

Video game developers PokerCity and Shiyi reported a revenue growth of about 102 percent in the first half. Companies in Internet finance, artificial intelligence, and big data sectors also doubled their income.

To boost the local software and Internet industries, the Putuo District Science and Technology Commission will offer awards and subsidies for selected enterprises.