Lo­cal firms tar­get Chi­nese sci­en­tists from Sil­i­con Val­ley

Race on to hire ex­per­tise, re­searchers with big salaries to boost AI and other tech sec­tors

China Daily (Canada) - - BUSINESS - By OUYANG SHIJIA ouyang­shi­jia@ chi­nadaily.com.cn

Chi­nese com­pa­nies are ac­tively tar­get­ing over­seas sci­en­tists and re­searchers in Cal­i­for­nia’s Sil­i­con Val­ley, in amoveto at­tract them toChina and boost the de­vel­op­ment of the coun­try’s in­for­ma­tion tech­nol­ogy in­dus­try, ac­cord­ing to a re­cent re­port.

The quar­terly re­port for Oc­to­ber to De­cem­ber, re­leased by Hays, a lead­ing global spe­cial­ist re­cruit­ment group, shows that the rapid de­vel­op­ment of the coun­try’s IT in­dus­try is pro­vid­ing golden op­por­tu­ni­ties for well-ed­u­cated over­seas Chi­nese na­tion­als to seek de­vel­op­ing their ca­reers back in their home coun­try.

“Ar­ti­fi­cial in­tel­li­gence sci­en­tists with broad ex­pe­ri­ence are highly in de­mand by Chi­nese com­pa­nies,” said Si­mon Lance, man­ag­ing di­rec­tor of Hays in China.

“In or­der to boost their fu­ture skills pool, Chi­nese com­pa­nies are also look­ing to form part­ner­ships with top in­ter­na­tional engi­neer­ing uni­ver­si­ties in a bid to se­cure fu­ture grad­u­ates.”

Lance added that as in­for­ma­tion tech­nol­ogy has be­come one of the main driv­ing forces of China’s eco­nomic progress, em­ploy­ers were try­ing to lure more over­seas returnees to help them tap into a mar­ket with huge po­ten­tial.

“In the so-called ‘first year’ of new tech­nolo­gies, vir­tual re­al­ity, aug­mented re­al­ity, in­tel­li­gent driv­ing and other new tech­nolo­gies grad­u­ally have en­tered into the pub­lic’s sight,” said Zhao Zim­ing, an an­a­lyst at Bei­jing-based in­ter­net con­sul­tancy Analysys In­ter­na­tional.

“Backed by abun­dant funds, IT firms and in­ter­net com­pa­nies now have a high de­mand for ex­per­tise,” Zhao added.

“Com­pared with Western coun­tries, China is­more­likely to de­velop and in­tro­duce th­ese new tech­nolo­gies, which to some ex­tent at­tract more­o­ver­seasChi­nese to seek op­por­tu­ni­ties back in China.”

Hays also noted that with a be­lief that the bur­geon­ing lo­cal mar­ket would ben­e­fit their ca­reer de­vel­op­ment, there was now a trend of over­seas Chi­nese re­turn­ing home.

“Aside from the lure of po­ten­tially higher salaries of­fered by Chi­nese em­ploy­ers, over­seas can­di­dates are also con­vinced about the po­ten­tial of the mar­ket, given the ris­ing pop­u­lar­ity of the in­ter­net and the fast-grow­ing pen­e­tra­tion of smart­phones,” Lance said.

“They also have a sense of achieve­ment, since their knowl­edge and skills are crit­i­cally needed by Chi­nese or­ga­ni­za­tions to spur eco­nomic growth.”

A re­port re­leased by 2016 China (Shen­zhen) IT Lead­ers’ Sum­mit Or­ga­niz­ing Com­mit­tee showed that last year the rev­enue ofChina’s IT in­dus­try to­taled 15.4 tril­lion yuan ($2.3 tril­lion), an in­crease of 10.3 per­cent yearon-year.

Ac­cord­ing to the re­port, tech­no­log­i­cal in­no­va­tion will pro­mote in­dus­trial re­struc­tur­ing, and in­tel­li­gent tech­nol­ogy will open up a new in­dus­trial era. In ad­di­tion, drones, self-driv­ing tech­nolo­gies, ar­ti­fi­cial in­tel­li­gence and other in­tel­li­gent tech­nolo­gies were ex­pected to en­ter the stage of ap­pli­ca­tion and large-scale pro­duc­tion.

IT firms and in­ter­net com­pa­nies now have a high de­mand for ex­per­tise.”

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