China's hiSoft Technology aims at domestic market

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HiSoft Technology (HSFT.O),[link widoczny dla zalogowanych], a Chinese software outsourcing firm,[link widoczny dla zalogowanych], expects the proportion of its revenue from domestic clients to quadruple by 2012, banking on strong demand for IT services, executives said on Wednesday.

The company,[link widoczny dla zalogowanych], which listed on the Nasdaq in June, believes it can generate about 40 percent of its revenue from China by the end of 2012,[link widoczny dla zalogowanych], compared with about 10 percent this year, said Vice President Ross Warner.

He said hiSoft is drawing on its experience providing services for global clients like General Electric (GE.N) and Microsoft (MSFT.O) to attract Chinese customers that have generally weathered the global downturn better than their Western peers.

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