Tech companies adjust focus to recapture growth
Industry adopts mobile Internet strategy in bid to reduce costs, expand markets
Amid downward pressure on China's economic growth, traditional companies in Beijing's high-tech zone are seeking higher profitability by changing their focus to an Internet-oriented model and adopting high-end manufacturing.
Hundreds of software companies in Zhongguancun, a nationally renowned high-tech hub in the capital, collectively earn billions of yuan every year. But after a boom of more than 20 years, many saw a sharp decline in revenue and net income in recent years. They are eager to adjust their operations to cater to an Internet-savvy population of more than 668 million users in the new "Internet Plus" era being heavily promoted by the central government.