Your FREE Guide to Profiting
From Asia’s Explosive Growth
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Chinese Stock #1 –
VanceInfo Technologies (VIT)The Chinese have an even greater competitive advantage than its southern neighbor in the technology industry due to lower IT wages, a larger supply of engineers and a very large domestic IT market from which to tap resources. VanceInfo Technologies (VIT) occupies a unique position in the outsourcing sector, with significant and superior advantages that no other Chinese or Indian company can match.
The company was originally formed in 1994 to help Microsoft and IBM localize their software into the Chinese, Japanese and Korean languages. As a result, the company — with more than 5,000 IT professionals — already provides world-class services to corporations in the U.S., Europe, Japan and China. This is how the company has been able to steal customers and profits from Indian IT firms for the past five years — growing from 98 customers in 2005 to 241 customers in 2008, including Microsoft, IBM, Hewlett-Packard, EMC Corp., NEC Corp., 3M, Huawei and Lenovo. This is also why the company’s annual growth rate is 88% and why its net revenues jumped 45% in the third quarter of 2009 — and this is just the beginning of a new profit run headed its way as the dollar falls and the competition heats up.
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