In recent years, Guangzhou has been sparing no efforts to seize the opportunities for the development of the new-generation information technology, mobile Internet, Cloud computing and big data and the acceleration of the construction of “a well-known city of software of China”. In 2015, the output value of the electronic product manufacturing industry of Guangzhou reached RMB278.9 billion, up about 20.6% year-on-year, including output of the Internet Industry of RMB217 billion, up 35.6% year-on-year, with a growth far exceeding that of traditional industries.

 

It was learnt that, in 2015, the income from software business of Guangzhou was about RMB224.8 billion, up 15.5% year-on-year, making Guangzhou rank among the top five places of sub-provincial cities. The mobile Internet industry showed quite strong competitiveness. Eight enterprises, including Netease, Vipshop, YY, 100bt.com, Duoyi.com, Mola, Sungy Mobile and Forgame Holdings, have been nominated for the selection of the Top 100 Internet Enterprises of China. Five of them focus on interactive entertainment business.

 

Moreover, the electronic product manufacturing industry boasts an industrial system that is complete in range and a fast development of the new-type display industry. Led by the LG 8.5-Generation LCD panel project, six upstream supporting factories have been introduced to form up a panel industry cluster with annual output value of RMB100 billion. The output value of the opto-electronics industry, especially the new-type display sector, accounts for more than 65% of the total output value of the electronic product manufacturing industry. In terms of new-generation mobile communication, Comba Telecom takes a lead worldwide in developing miniaturized multi-mode base station technology, with mobile communication antenna productivity ranking first worldwide and market occupation ranking second. The total market sales of Hi-Target and South, which are two leading enterprises in professional high-precision Global Navigation Satellite System (GNSS) technology, account for about 70% of that of the domestic brands.

 

Relevant data indicated that, in 2015, Guangzhou had 187 enterprises each with main business income of more than RMB100 million, about three times as much as that in 2010, when the city had 63 such enterprises. Of them, there were 35 enterprises each with the income exceeding RMB500 million and 15 each with the income exceeding RMB1 billion. Vipshop and Netease have become giant enterprises with operating income of more than RMB10 billion.

 

Source: Translated from Invest Guangzhou, April 6, 2016