SHANDONG Information Industry Service Co. Ltd. was established in the city’s economic and technological development zone May 18.

    The zone is home to a China Telecom international service base.

    With registered capital of 100 million yuan, the company was set up with a total investment of 1 billion yuan from China Telecom’s Shandong branch and China Comservice.

    The company will mainly provide services such as call centers, cloud computing, data recovery, software development and research, as well as training.

    The company is expected to create around 60,000 jobs and achieve a direct economic income of 1 billion yuan each year.

    With the support from China Telecom’s research institutes in Beijing, Shanghai and Guangzhou, the company will be able to do general planning, scheme design and project implementation for local industries such as Internet of things, cloud computing and intelligent urban development.(Li Hao, Lin Gang)