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Tech companies adjust focus to recapture growth

By Hu Yongqi | China Daily | Updated: 2015-11-23 08:18

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.

Tech companies adjust focus to recapture growth

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