More than 5,000 new IT companies registered in Hainan since April, 2018

According to a recent report by the Hainan Daily, the total investment in Internet development in Hainan since April 2018 exceeded 10 billion yuan (about $ 1.4 billion).

According to the report, since April 2018, more than 120,000 new IT-specialists as well as 5,000 new IT companies have been registered in Hainan.

The report also stated that over 100 internet-companies, both Chinese and foreign, are already working in the province — Tencent, Alibaba, Baidu, Zhongxin, Microsoft and many others with over 100 IT-enterprises having operating income exceeding 100 million yuan ($ 14.5 million). 

Hainan Province is seen as still lagging behind other more developed regions of China in the Internet sphere. According to experts, in order to reduce this gap, it is necessary to pay special attention to staff training and attracting experienced professionals to the island.

Source: Tass