Zsoft to Drive Chinese and Singaporean Software Industries

Zsoft to Drive Chinese and Singaporean Software Industries

October 30, 2006

    BEIJING, China, Oct. 30 /Xinhua-PRNewswire/ -- A
delegation from Zhongguancun, the so-called Chinese Silicon
Valley, attended the Chinese IT Outsourcing Summit at Global
Entrepolits in Singapore for the first time on October 30.
Zhongguancun Software Association (Zsoft), the leader of
Zhongguancun Delegation, brought the Zsoft software
outsourcing platform to Singapore. The platform is a magic
weapon for global software industrial cooperation. A
China-Singapore software outsourcing channel is to be
established to facilitate friendly interaction in software
industries between China and Singapore.

    Zsoft is a representative of more than 4,000 software
companies among 17,000 enterprises located in Zhongguancun.
The Zsoft software outsourcing platform is an international
marketing platform designed by Zsoft for the software
companies in Zhongguancun. Yu Bin, President of Zsoft, said
that the platform is used to integrate strengths and brands
of Zhongguancun companies, create an international channel,
and facilitate global cooperation in talents and projects.
The international platform connects thousand software
companies in Zhongguancun to many international contract
providers, including Europe, America, Japan, and Singapore
in the future. Yu Bin said: "Zsoft can advise
Singapore on Chinese companies and organizations intended
by Singapore, and find out proper partners among almost
5,000 software companies in Zhongguancun in a short
period."

    Zsoft also signed the Agreement on China-Singapore
Software Outsourcing Channel with SINOLION Capital Group
Ltd., a Singaporean partner of the summit. James Lee,
President of SINOLION Capital Group Ltd., said that the
company will assist Zsoft to establish an office in
Singapore as soon as possible, facilitate communication
between Singapore enterprises that are interested in
providing contract for Chinese companies and Zhongguancun,
help Singapore investors seek chances in Chinese
outsourcing market, and realize complementary share in
human resource between the two countries. The software
companies in Zhongguancun will branch out to Singapore in
this way.

    China-Singapore software outsourcing channel includes a
number of sub-channels, such as investment and financing,
contracted projects, product channel, human resource, and
information communication. According to Yu Bin and James
Lee, Singaporean enterprises that are interested in Chinese
software industry and are capable of outsourcing are eagerly
expected to contribute to building the channel.

    Zero-Outsourcing Platform has experienced win-win
cooperation with European, American, and Japanese
enterprises. It is said that four cooperative projects have
been carried out for the China-Japan software outsourcing
channel, which was founded in this July in the same mode
with the China-Singapore counterpart. The total cooperative
sum between European and American enterprises and
Zhongguancun through the Zero-Outsourcing Platform is 200M
USD dollars last year. Singapore has favourable commercial
environment with hundreds of headquarters of
multifunctional companies. Zsoft expects more commercial
chances in Singapore. 

    Some famous software and service enterprises (members
of Zsoft) in Zhongguancun took part in the summit,
including iSoftStone, Worksoft, Prosoft, ASDC, YKsoft,
etc., which discussed with more than 20 Singaporean
enterprises. A spokesman from Singapore Economic
Development Board said: "I believe all participants
can further understand the level of Chinese software
industry, and cooperation with China in software
outsourcing will definitely leap."

    About Zhongguancun Software Association

    Zhongguancun Software Association (Zsoft) is a
Beijing-based non-profit software association, representing
more than 4000 software companies in Zhongguancun Science
Park (Zpark), so-called Silicon Valley in China. Zsoft is
under the auspices of Zhongguancun Science Park (ZPARK)
Administrative Committee, and aims to facilitate the
development of software companies in ZPARK. 

    About the Zsoft software outsourcing platform

    On November 8, 2005, Zhongguancun Software Association
(Zsoft) launched Zsoft Software Outsourcing Platform. The
platform helps software companies in Zhongguancun,
so-called Silicon Valley in China, to explore markets and
attain outsourcing orders by setting up outsourcing project
networks, organizing outsourcing summits, offering expert
consulting service, etc.

    The outsourcing platform aims to make Zhongguancun the
No 1 incubation center of China's software and service
industry in the world. The platform sets a goal of
attracting US$20 billion to Zhongguanncun in the next five
years.

    The outsourcing platform functions as the gateway for
international software outsourcing service buyers to enter
China. It creates win-win model for both international and
Chinese companies through information platform
http://www.zsoft.cn, four time-a-year Zhongguancun Software
Outsourcing Summit, seminars and one-stop service for
international companies to establish business cooperation
with Chinese software vendors.

    For more information, please contact:

     Ada Lu 
     Zhongguancun Software Association
     Tel:   [phone]
     Fax:   [phone]
     Email: [e-mail]

SOURCE  Zhongguancun Software Association (Zsoft)