Reuters Sets Foot In Chinese Software Outsourcing

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Information and financial service provider Reuters has opened a wholly-owned company in Beijing's Zhongguancun Software Park to specialize in outsourcing services for products like its 3000Xtra desktop terminal.
Tom Glocer, CEO of Reuters,[link widoczny dla zalogowanych], told local media that his company grew vigorously in China in the first half of this year with up to 18% growth.
Though the company has plowed US$18 million into this new development center, recent regulations in China may harm Reuter's services in the near term. Earlier this year,[link widoczny dla zalogowanych], Chinese government officials announced new rules that limited the amount and type of foreign financial news coming into China. However,[link widoczny dla zalogowanych], because the Chinese government has also listed software outsourcing as an important part of its future growth in exports,[link widoczny dla zalogowanych], Reuters has received preferential policies from the Chinese government in arranging its new business.
Although Reuters is well known as a news agency,[link widoczny dla zalogowanych], news service only accounts for about 5% of the company's revenue. Now the company mainly focuses on information transmission and value added services for the majority of its income.