Business / Industries

Mobile Internet industry to boom in Shanghai

By Tang Zhihao ( Updated: 2012-08-28 17:25

Shanghai mobile Internet industry's sales revenue is expected to exceed 80 billion yuan ($12.6 billion) and will employ more than 60,000 people by 2015, according to the latest plan for the industry in the city.

The Shanghai Mobile Internet Industry Development Plan (2012-15) from Shanghai Municipal Commission of Economy and Information revealed that the city will take steps to cultivate innovative companies, attract industry leaders, and establish production and innovation bases in Shanghai in the next few years to make the city a new business hotspot for the mobile internet Industry.

The plan said Shanghai would pay more attention to developing processing chips used in intelligent mobile terminals. Meanwhile, the city will increase its investment in Internet infrastructure construction and Wi-Fi coverage to provide solid foundations for the industry.

Shanghai will introduce a number of measures to attract leading and influential companies, including provide financial support and improving intellectual property rights.


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