Globalization's Net Effect on China's Software Industry

Filed in archive Conferences on December 14, 2005

At last week's Pan-Pearl River delta Software Industry and China Venture Capital Conference, PacificNet Inc. (Nasdaq:PACT), a leading provider of value-added telecom services (VAS) in China, reinforced outsourcing benefits for China.

Tony Tong, PacificNet's Chairman & CEO, delivered a speech titled "Globalization and the Opportunity for China's Software Outsourcing Industry." Since PacificNet's corporate clients include China Telecom, China Mobile, to name but a few, it's easy to understand the bullish commentary offered by Tong to the captive venture capital attendees.

"With a population of 1.3 billion people, China's market is moving quickly toward surpassing those of North America and Europe combined. Companies and products, both home-grown and from around the globe are flocking here looking for customers. This evolving and competitive market dynamic is creating unprecedented demand for customer acquisition and retention, telemarketing and CRM services; driving the deployment of large-scale customer contact centers. We believe that the CRM contact center has emerged as the new competitive advantage for market leaders in China," exclaims Tong.

The consensus among key participants, including representatives from IDG, JAFCO, Intel Capital, Shenzhen Capital Group and other renowned venture capital investors and entrepreneurs from the software and technology industries was that China's software industry has already seized globalization's opportunities.

The conference was held at the Zhuhai Software Park in Guangdong, one of the State's earliest software parks in China.