In recent years, Shanghai has gradually developed an electronic information industry which comprises a relatively complete industrial chain, advanced technology, and multiple public service platforms, thus developing into a favorable city in the information technology age.

Industry Advantages

1. Increasing Innovation Capabilities

Tiantong No 1 satellite terminal R&D has been completed and can now be shipped in batches.

NarrowBand-Internet of Things (NB-IoT) has almost full Shanghai coverage, and NB-IoT modules have been produced on a large scale with nationally leading shipping numbers.

China-developed 77GHs CMOS (Complementary Metal-Oxide-Semiconductor) millimeter-wave radar chips have been put into mass production.

Vehicle domain control and automatic driving systems are being tested, which is expected to help end the international monopoly of these technologies.

2. Well-developed Industry Platforms

The National Integrated Circuit Innovation Center and National Intelligent Sensor Innovation Center have been established to improve the international technologies of integrated circuit cutting-edge devices and key processing, design integration, advanced manufacturing and packaging, and testing sensor technology.

Shanghai Manufacturing Innovation Center has witnessed a breakthrough in key common technologies used in the laser industry chain, boosting intelligent manufacturing and green manufacturing.

3. Steady Growth

From January to November 2022, Shanghai's software business revenue reached over 818.11 billion yuan ($112.7 billion), a year-on-year increase of 9.7 percent, ranking fifth in the country, of which information technology service revenue increased by 12.6 percent, 1.8 percentage points higher than the national average growth rate.

In 2022, 17 of Shanghai's Internet companies including Pinduoduo, Ctrip, Bilibili, and miHoyo were selected as the top 100 Internet companies in China.

4. Momentum Gathered for Metaverse

VR Shanghai, a supply and demand matchmaking event for the industry, has been launched, and the construction of the first 20 major application scenarios in the Metaverse, including the memorial of the first National Congress of the Communist Party of China, the Oriental Pearl Tower, Baowu, and COMAC, has been advanced.

5. Continuously Improved Industrial Internet Innovation Ecology

The 2022 Shanghai Industrial Internet Service Providers Catalogue and local policies, such as the Assessment on Application Level and Performance of Industrial Internet Enterprises, are constantly updated.

Source: Shanghai Foreign Investment Guide 2023