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BIZCHINA> Top Biz News
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Traffic jams good for one company
By Li Fangfang (China Daily)
Updated: 2009-09-07 08:06
Traffic jams that can be a daily nightmare for big city commuters are proving a business opportunity for China TransInfo Technology Corp. China TransInfo, a leading provider of public transportation information systems technology in China, recently launched China's first multi-city, real-time traffic website and mobile phone software. Initial coverage for the traffic website, called PalmCity, is in the cities of Beijing, Shanghai and Chongqing, as well as in the Sichuan province city of Chengdu and Wuhan in Hubei province. PalmCity provides real-time traffic conditions, as well as traffic events and street closure information to the five cities. Chengdu will become the first of the five cities to also receive information about available parking spaces, according to the company. Real-time information China TransInfo also recently introduced the multiple-city, real-time Traffic Jam Index, which will classify each city's traffic as seriously congested, congested, mildly congested, smooth or very smooth. "With the dramatic increase in the numbers of China's car owners and mobile phone users, we recognized a golden opportunity and bright future in the transportation information technology segment," said Li Gang, general manager of PalmCity. "We believe that China's intelligent transportation information service market will mature in 2011 and then boom beginning in 2012," Li said.
China TransInfo's proprietary technology, based mainly upon GPS (Global Positioning System) sensors installed in fleets of taxis and also roadside sensors, offers the most accurate real-time traffic data and the largest urban coverage in China, Xia said. "We are now making efforts to cooperate with more taxi companies to collect road information, which can help us update the data every five minutes," said Li of the company's PalmCity division. In conjunction with the website launch, the company also introduced the first software in China that enables motorists to check real-time traffic conditions in multiple cities via their mobile phones. (For more biz stories, please visit Industries)
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