Chinasoft set to ramp up efforts in foreign markets

IT and software service provider banking on growth in overseas business to boost revenue

Chinasoft International Ltd, a leading information technology and software service provider in China, is aiming to expand its annual revenue to 30 billion yuan ($4.32 billion) over the next three years, with its overseas business as an important growth engine, its CEO said on Thursday.

Similar to the business models of major Chinese e-commerce platforms such as Taobao and JD, the company provides an online IT and software platform where users can search for desired IT services, while outsourcing companies, especially small and medium-sized ones, can find business opportunities.