Shanghai's Putuo district has marked a significant achievement in its smart software industry, with the software information service sector surpassing 110 billion yuan ($15.6 billion) in revenue, reflecting a 141.2 percent year-on-year increase.

The rapid growth follows a strategic focus on smart software since the start of the 14th Five-Year Plan (2021-25) period. This sector has become a key driver of the district's economic transformation, boosting innovation and strengthening the regional economy.

Key players, including online food delivery platform Ele.me, have been instrumental in this growth. These companies have expanded sectors such as digital life, cybersecurity, and integrated circuits, driving the development of cutting-edge technologies.

Putuo has fostered business development through platforms like the digital future community. These initiatives help companies enhance their market presence, creating a thriving business ecosystem.

The district has also emphasized the development of specialized sectors, particularly in IC and cybersecurity. Innovation hubs like the Suhe chip bay and net security wisdom valley play a central role in driving technological progress.

Policy support has been crucial to Putuo's success, with government subsidies and incentives fueling long-term growth. This strong foundation keeps the smart software industry competitive and innovative, contributing significantly to the district's economic development.

Source: Official WeChat account of Shanghai Putuo Media Center at "shputuo"