Business Process Outsourcing In China
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Business Process Outsourcing In China
The business process outsourcing industry in China including IT and other outsourcing services for onshore and export markets surpassed 1 trillion yuan (about $145 billion) in 2016 according to the Ministry of Commerce (MOC). History The outsourcing industry grew rapidly in the 2000s in China by beginning from an "embryonic" scale. IDC, an IT industry consultancy, estimated in 2006 that while outsourcing of IT services was growing at 30% annually, the market size was only $586 million at the end of 2005. Most IT services then were offered to domestic companies with offshore clients concentrated in Japan. By 2016, outsourcing was still growing fast at about 20% annually, driven by "cloud computing, big data, Internet of things and mobile Internet" according to Xinhua. IT services IT related services accounted for about half of the US$87 billion in total service outsourcing provided to export markets in 2015. The largest IT outsourcing companies based in China include ChinaSoft an ...
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Information Technology
Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Information technology is an application of computer science and computer engineering. The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Several products or services within an economy are associated with information technology, including computer hardware, software, electronics, semiconductors, internet, Telecommunications equipment, telecom equipment, and e-commerce.. An information technology system (IT system) is generally an information system, a communications system, or, more specifically speaking, a Computer, computer system — including all Computer hardware, hardware, software, and peripheral equipment †...
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Dafen Village
Dafen () is a suburb of Buji, Longgang, Shenzhen, in the province of Guangdong, China. Since 1989, the area has been an artists' village for the production of replicas of masterworks and outsourcing of original art creation as a specialised urban cottage industry. History In 1989, the painter Huang Jiang started copying paintings and has since been considered the founder of Dafen's replica industry. In the early 1990s, a group of about twenty artists who trained at art academies took up residence under the leadership of businessman Huang Jiang. They produced dozens of replicas daily of oil paintings by masters such as Vincent van Gogh, Salvador Dalí, Leonardo da Vinci, Rembrandt, and Andy Warhol. In the 1990s, Huang sent a painting to Walmart and received an order of 50,000 paintings, which he had to produce within fourteen days. After the 2008 financial crisis, Western demand declined and domestic buyers ordered Chinese art copies, forcing a change in style. As of 2014, 7,0 ...
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