Yearly Ten Events of Service Outsourcing Industry in China-2010

Review the year 2010, China's service outsourcing industry made great achievements at the end of the Eleventh Five-Year Plan. The number of service outsourcing firms in China is over 10,000; the people who are in the industry are over 2 million. The total amount of offshore service outsourcing business would reach USD 15 billion in 2010. While other industry key indicators all kept a high growth speed of around 200%. In addition, there exist great improvement in policies, human resources, leading enterprises, branding and etc. The entire industry shows good tendency, offers a solid foundation to the beginning of the "Twelfth Five-Year Plan".

After the successful publish of "Yearly Events Hotlist for China's Service Outsourcing Industry -2009" and "Yearly Events Hotlist for China Government Outsourcing-2009" on January 12, 2010, Chinasourcing launched the selection of Events Hotlist of 2010 again and initiated the online voting for the first time. After two months of online voting and careful assessment by the special jury, the final list come out which covers the main industrial events ranges from national to local government, from the industry to enterprises, including the release of the new business tax free policy, the new concept and model of "Cloud-powered Outsourcing", of the customs bonded supervision for outsourcing industry, innovation of counter-guarantee, boom of e-commerce outsourcing, RMB appreciation turns over outsourcing industry, cases of outsourcing enterprises M & A etc. We'd like to use these cases to reflect the path of China's service outsourcing industry in 2010 as well as the industrial development trend in the next few years.

"Events Hotlist" represents the development trends and features that the service outsourcing industry of China presented in 2010 from different levels and aspects. In the report of "Yearly Events Hotlist for China's Service Outsourcing Industry-2010", we would give deep analysis and discussion on each event, find out their significance and historical meaning. Yearly Events Hotlist for China's Service Outsourcing Industry has become the best record of China’s service outsourcing industry, and the events listed would be placed in the industrial history as milestones.

Ministry of Finance, State Administration of Taxation, and Ministry of Commerce Jointly Issued “Notice of Business Tax Free for Offshoring Business in Service Outsourcing Model Cities”

On July 28，2010 the “Notice for Outsourcing Model Cities exempted business Tax on offshore outsourcing business” (In short: Notice) is approved by the State Council of PRC；issued by Ministry of Finance, State Administration of Taxation, and Ministry of Commerce. The Notice provided that those outsourcing enterprises register in any of the 21 Model Cities，whose business tax can be exempted from July1, 2010 till December31...

Xiamen is Formally Approved as the 21st Service Outsourcing Model City in China

On February 25, Xiamen was approved as “China’s Service Outsourcing Model City” officially. Xiamen became the 21st “Model City” approved by State Council of PRC after Beijing, Tianjin, Shanghai and other 20 cities. With 3 times declaration in 3 years, Xiamen finally qualified as “Model City”. Currently, Xiamen has built international training base majored in software and integrated circuits, the largest single building software park with major...

The New Concept of “Cloud-powered Outsourcing”, “Service on Cloud --- White Book of Cloud-powered Outsourcing ----” Published Worldwide

“Under the wave of Cloud-powered Outsourcing, new outsourcing service has emerged based on ‘Cloud’ platform and ‘Cloud’ Model, and increasingly become the mainstream of development and outsourcing trends in the industry. Devott defined the outsourcing service mentioned before as ‘Cloud Outsourcing’.” On October 11, 2010, Devott published “White Book of Cloud-powered Outsourcing ---- Service on Cloud” (In short, “White Book”)....

RMB Appreciation, Challenge for Service Outsourcing Industry in China

In the evening of June 19, 2010, the eve of G20 Summit in Toronto, People’s Bank of China announced through its official website: To further promote the reform of RMB exchange rate formation mechanism, strengthen the RMB exchange rate flexibility. “Adhere to market demand and supply, and refer to a basket of currencies. Adjustment and management of exchange rate fluctuations will ...

ChinaSoft International, iSoftStone, and Longtop Group Lead another M&A Boom for the Service Outsourcing Industry in China

Since 2010, the acquisition in China service outsourcing industry is a hot topic, such as Longtop Group，the acquisition of Gaintstone in January, 2010, further the acquisition of Zhong Bo Ke Chuang, in order to enhance its core competitive advantage; Hisoft，the acquisition of Echo Lane in April, 2010, to explore ‘cloud computing’ market; ChinaSoft International，the acquisition of Han Consulting Ltd. in May 2010, the total 100% ...

Shanghai Customs Released China’s First Handbook of Customs Bonded Supervision for the Service Outsourcing Industry

On January 2011, the first handbook of Customs Bonded Supervision for the Service Outsourcing Industry was born in Shanghai, and the trial test was held in Zhangjiang Hi-tech Parks governed by Shanghai customs and Zhangjiang Group. Handbook’s trial register with customs register is over RMB 25million, covering chemical research, medicine and biology,software research and development, electronic design, semi-conductor and so on. General ...

E-commerce Outsourcing Embraces Growth Boom and Become the new Favorite of Risk Investment Organizations

Currently, many risk investment focuses on e-business, e-commerce outsourcing is developing rapidly. According to 2011 REPORT On THE WORK Of THE GOVERNMENT, it mentions to enhance the infrastructure of circulation system of the commerce, successively meet the demand of e commerce, to narrow the gap between international ecommerce players through using risk investment. We have enough reseas to believe that E-commerce outsourcing...

Hisoft、Camelot、iSoftStone etc. Listed Overseas, the Scalization of China’s Service Outsourcing Enterprises Gradually Come into Being

On June 30, 2010, Hisoft was listed on NASDAQ, USA successfully, becoming the first who listed on NASDAQ among outsourcing firms in China. On the first day, its share increased by 4%. Followed by Hisoft，Camelot becoming the largest IPO, listed on New York Stork Exchange on July 21, 2010, and iSoftStone listed on NYSE on December 14, 2010...

Huaqiao International CBD Set up ‘International Standard’ for Service Outsourcing Industry

In 2010, "International Operation and Standard Construction" in service outsourcing industry was operated by Huaqiao International CBD and TPI officially. The officially operation of the standard marks Huaqiao as the "Service Outsourcing Area with International Standard’, which was the first with international industry measurement, management standard in China.It speeds up the connection with international markets, and lowers the risk...

Harebin Innovates the Counter-guarantee to Support the Service Outsourcing Industry

In 2010, Harebin Enterprise Credit Guarantee center first started credit guarantee for service outsourcing industry by using diversified intangibles. Guarantee center provided 100 million loans for Harebin Lechen Technology Ltd. Co. through the counter-guarantee model, and supported for it to get the contract of USD 5 million on software development with Children Medicine Information Platform under Los Angeles Government...