Local businesses’ high performance
The number of IoT enterprises based in the Wuxi High-Tech Industrial Development Zone grew to more than 1,000 in 2015 from only 160 in 2010.
Their businesses are from almost every sector of IoT, ranging from intelligent sensors to cloud computing and big data.
In 2015, the total output value of China’s IoT industry reached 100 billion yuan ($15 billion), and the industry has grown 30 percent yearon-year for five consecutive years.
Currently there are 31 Chinese IoT enterprises in the zone that can generate more than 100 million yuan in annual revenues each, and 215 enterprises that each create more than 20 million yuan in business revenue annually.