Latest News:  

English>>Business

SAP sees Chinese income to hit US$1b

By Zhu Shenshen (Shanghai Daily)

13:37, June 28, 2013

SAP Corp expects a US$1 billion revenue in China in 2015 and the Chinese market to become one of its top five regional markets in the "middle term" amid increased investment and huge demand, SAP said at the close of an IT show yesterday.

"China is the most exciting and strategic market for SAP," Alex Atzberger, SAP's senior vice president, said in a interview during the Mobile Asia Expo in Shanghai.

In 2015, China is set to account for 5 percent of SAP's global revenue which may hit US$20 billion. Over the mid-term, China will become one of the top five regional markets by revenue for SAP which added that over the past years the growth in Chinese revenue was always "double digits" annually.

The Germany-based enterprise software giant is also seeking to tap prospects in convergence of mobility and management as well as huge-volume data analysis, Atzberger who is also head of SAP's Fast Growth Markets and China Growth Plan, said.

SAP also said it would invest US$2 billion in China under a five-year plan until 2015.

We Recommend:

'All in Tuning All in Caravanning' Show

HK's new cruise terminal receives luxury liner

Huawei unveils thinnest smartphone in Singapore

Airbus A350 lands safely from test flight in S. France

Special coverage: China-EU solar row

Highlights of ATC Show 2013

Top 10 luxury villas of China in 2013

Turn rabbit to 'gold' - A young entrepreneur's goal

Hilton to open 120 new hotels in China

Email|Print|Comments(Editor:WangLili、Gao Yinan)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Special operation members in training

  2. Kevin Rudd sworn in as Australian PM

  3. People send best wishes for Mandela

  4. Dance becomes popular stress relief

  5. Kendo and its Chinese followers

  6. China focus:
    Chinese crowds

  7. Weekly sports photos: Agassi's kiss

  8. Are they still beautiful without bang?

  9. Hiring index signals further job weakness

  10. China's 1st intelligent high-speed train tested

Most Popular

Opinions

  1. Inequality grinding the gears of growth engine
  2. Manila mulling wider access for US, Japan
  3. Marriages are made in heaven not in fairs
  4. China can curb credit crunch: ADB official
  5. As house prices rise, 'wild' theories thrive
  6. PBOC's caution amid cash crunch to pay off
  7. No pains, no gains for China's economy
  8. 'Kingdom of Bicycles' rises again
  9. Positive energy needed in Sino-British relations
  10. Prism program – who are the principal victims?

What’s happening in China

A growing thirst for water safety

  1. How to win over your Chinese colleagues
  2. Number of torture cases falls
  3. Foreign suspects accused of theft
  4. Chinese courts to have 200,000 people's jurors
  5. Father sentenced to prison for manslaughter