LINE

    Text:AAAPrint
    Economy

    Coastal city looks to grow via high-tech talent

    1
    2017-08-23 09:31China Daily Editor: Gu Mengxi ECNS App Download
    An employee of Meitu Co, Xiamen's largest high-tech enterprise, demonstrates a new mobile phone app that prettifies photos. Jiang Kehong / Xinhua

    An employee of Meitu Co, Xiamen's largest high-tech enterprise, demonstrates a new mobile phone app that prettifies photos. Jiang Kehong / Xinhua

    A major port in East China is developing new technologies in a bid to stake a claim as a national center of innovation, as Hu Yongqi reports from Xiamen, Fujian.

    Xiamen couldn't be a better place to live and work, according to Hubei province native Fu Qiang, who settled in the coastal city in Fujian province 11 years ago.

    From working as an amateur designer of electronic games in 2006, Fu is now general manager of Leiting Games, a subsidiary of G-bits Network Technology Xiamen Co.

    As one of four special economic zones founded in 1980, the city has attracted thousands of young talents, such as Fu, thanks to an inviting environment that provides beautiful scenery, a good business environment and excellent employment prospects at high-tech companies.

    "I loved the city from the moment I first came here. The natural and social environments, including tree-lined streets and neighborhoods, are the most important potential factors for attracting talent and professionals. So, many engineers and technicians swarm to this city and start internet-related businesses," Fu, 36, said.

    He added that people in Xiamen are willing to stay with one company far longer than their peers at businesses in first-tier cities, such as Beijing and Shanghai, to improve their designs and products.

    "A stable team is key to making electronic games that appeal to young people," he said.

    With products carefully designed and promoted by Fu and his team, Leiting Games is popular in Vietnam, Malaysia and the United States.

    G-bits, the parent company of Leiting Games, was founded 13 years ago to develop online games based on traditional Chinese culture. Last year, App Annie, a market data provider in the US, ranked the company as 47th among global mobile app developers.

    Partly thanks to the contributions of young engineers, G-bits' market capitalization soared more than 17 billion yuan ($2.5 billion) six months after it listed on the Shanghai Stock Exchange. Last year, it generated net income of 800 million yuan.

    G-bits is just one of 2,671 companies at the Xiamen Software Park, where more than 92,000 people are employed. Those businesses earned combined revenue of 70 billion yuan last year, a year-on-year rise of more than 20 percent, according to Huang Qiang, Xiamen's executive vice-mayor.

    Market listings

    Eight companies in the park have listed on the Shanghai and Hong Kong stock exchanges, and a further 42 have gone public on the National Equities Exchange and Quotation, also known as the New Third Board, which helps to fund small and medium-sized businesses.

    G-bits is one of 1,225 high-tech outfits operating in the city, accounting for nearly 50 percent of all companies in Fujian. The companies have played a vital role in driving the province's social and economic development, according to Huang.

    Last year, the amount spent on research and development accounted for more than 3 percent of Xiamen's GDP of 378.5 billion yuan, and Huang said high-tech companies have boosted industrial innovation and boosted the city's relationship with the outside world.

    "These homegrown companies have enhanced Xiamen's role in internet-based industries. From 2006 to last year, the city's software and information industries soared by an average of 29.8 percent in terms of earnings," he said.

    "A recent ranking shows that five of our companies are among the top 100 internet companies in China, so the figures demonstrate that our internet industry is booming as local companies grow rapidly."

    For example, when it was established in 2008, Meitu Co, the city's largest high-tech enterprise, had just 20 employees and generated revenue of 1 million yuan.

    The provider of photo-editing apps now employs more than 1,800 people and earned 2.3 billion yuan in the first half of this year.

    "About 94 percent of Meitu's employees are from other parts of the country, which illustrates the 'magnet' role of the information industry in attracting professionals and prioritizing the city's talent structure," Huang said.

    He added that the development of software and information services, especially innovative development, has injected new vitality into the restructuring of industries in the city, which has moved factories from the downtown to suburban areas.

    Next month, the city will host the ninth BRICS Summit, so its interaction with the other BRICS countries has come under the spotlight, especially with high-tech companies.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 新津县| 仁布县| 登封市| 宾阳县| 兴文县| 山丹县| 齐河县| 东丽区| 鹰潭市| 彝良县| 和静县| 德化县| 锦屏县| 安康市| 孝昌县| 西充县| 绥阳县| 丹凤县| 郯城县| 搜索| 外汇| 昭觉县| 中方县| 武义县| 都江堰市| 庆安县| 藁城市| 贞丰县| 获嘉县| 金山区| 阳西县| 龙南县| 璧山县| 建德市| 衡山县| 开远市| 大英县| 台北县| 长治市| 东乡县| 樟树市|