Ningbo Software Park is emerging as a magnet for investment and talents from around the world ever since its inauguration in September last year.

Official data shows that over the past year, more than 500 software companies and platforms have set up operations in the park, with accumulative investment valued at 16.83 billion yuan ($2.5 billion).

In 2018, the revenue of the software and information service sectors in the park stood at 18.2 billion yuan, accounting for roughly one-third of the city's total.

Currently, six major software industrial ecosystems are based in the park, namely 5G and industrial internet, Internet of Things and smart manufacturing, artificial intelligence and big data, industrial applications and open source software, network information security, and software talent training.

A number of high-profile companies in the software sector have set up branches in the park, including HollySys, MEGVII and Bytedance.

The output of the software industry in Ningbo totaled 44.19 billion yuan ($6.59 billion) from January to July, a yearly uptick of 22.1 percent, according to local authorities.

According to a plan released by local government, the city will ramp up efforts to promote the development of industrial software and information services and deepen the application of software in characteristic industries.

By 2020, Ningbo hopes to lift the revenue of its software sector to 100 billion yuan.

The revenue of the software and information service sectors in Ningbo Software Park stands at 18.2 billion yuan in 2018, accounting for roughly one-third of the city's total. [Photo/cnnb.com.cn]