Date
20 September 2017
Chinasoft chairman Chen Yuhong expects the new service to triple revenue in three years. Photo: HKEJ
Chinasoft chairman Chen Yuhong expects the new service to triple revenue in three years. Photo: HKEJ

Chinasoft plans outsourcing platform

Chinasoft International Ltd. (00354.HK) is planning a marketplace-style platform which breaks down large tasks and allows clients to outsource smaller jobs.

The technology solutions provider will launch the service in the first quarter next year and expects to triple revenue in three years, the Hong Kong Economic Journal reported Monday.

A public testing began on Dec. 12 with 8,000 registered programmers working on 3 million yuan (US$482,824) worth of projects daily, the report said, citing chairman Chen Yuhong.

An internal trial run was conducted in June.

The platform is expected to turn a profit by 2016 and boost revenue to 10 billion yuan in three years from 3.2 billion yuan last year, the report said.

More than 1,000 information technology enterprises are expected to use the platform to outsource projects.

Chinasoft will receive a 15 percent commission for each transaction and 10 percent and 5 percent of profit from companies and programmers, respectively.

The company said it will hire 80,000 programmers by the end of next year.

– Contact us at [email protected]

VW/AC/RA

Freelance journalist

EJI Weekly Newsletter

Please click here to unsubscribe