INTERNET INDUSTRY

Shenzhen was one of China’s first cities to develop its Internet industry. A collection of cutting- edge enterprises, led by Tencent, has been fostered in Shenzhen, and the municipality has already become a major center and gathering place for China’s Internet industry. “Internet +” is a concept in wide use throughout Shenzhen’s various economic sectors, having penetrated into government, community services, finance, manufacturing, and business, among other fields(“Internet+ refers to using the Internet to advance work in other field). In addition, Shenzhen was part of the first group of cities approved to establish themselves as National E-Commerce Model Cities. In 2015, Shenzhen’s Internet industry’s value added industrial output was 75.606 billion RMB, representing growth of 19.3%. Major industrial parks/zones for the Internet industry include Shekou Net Valley, Futian International E-Commerce Park, and the Shenzhen Bao’an Internet Industry Base. Tencent and Thunder Networking Technologies are two of Shenzhen’s many well-known local Internet enterprises.