Nanjing Is Rising to Be a City of the Modern Service Industry

As one of China's well-known science and education cities, Nanjing is rising to be a city of the modern service industry based on its scientific and educational strengths. Currently, three major industries including software, commerce, and logistics have achieved annual revenue of over RMB 100 billion each.


The latest 2017 first-quarter data released by Nanjing's relevant authorities shows that, Nanjing's above-scale enterprises in the service industry achieved business revenue of RMB 426.87 billion RMB in total in the year 2016, with a year-on-year growth of 13.7%. The growth has been the highest over the past four years and was 0.7% higher than that of 2015.


From perspectives of industrial categories, the transportation, warehousing, and postal service industry, information transmission software and IT service industry, and leasing and commercial service industry dominated the above-scale service industry, with their respective business revenue exceeding RMB 100 billion.


In 2016, Nanjing's 439 above-scale enterprises in the transportation, warehousing, and postal service industry achieved business revenue of RMB 103.268 billion in total. The road transportation and waterway transportation industries dominated revenue of the transportation, warehousing, and postal service industry, with their respective revenue of RMB 35.949 billion and RMB 24.451 billion. Nanjing boasts a number of outstanding express and logistics enterprises such as Suning Logistics, Yunce Logistics, and Huitongda.


In addition, 443 above-scale enterprises in the information transmission software and IT service industry achieved business revenue of RMB 114.106 billion in total, with a year-on-year growth of 22.6%, which took a significant lead over the average growth of above-scale service revenue. The enterprises kept momentum of the rapid growth and boosted growth of the entire industry. Nanjing has a number of outstanding enterprises such as Made in China, Wisedu, Tuniu, and Original Force.


Moreover, 601 above-scale enterprises in the leasing and commercial service industry achieved the total business revenue of RMB 118.856 billion, of which RMB 118.395 billion was generated from the commercial service industry. The commercial service industry covers various enterprise consultation and enterprise services. Among the surveyed 29 categories of the service industry, the commercial service industry is ranked No.1 in terms of the total revenue.