Changing business models are reshaping the Chinese software industry. Perhaps most notably, many companies now choose to sell their software as a web service instead of or in addition to a traditional upfront licensing model. This translates to more predictable, recurring revenue, which can be seen as a significant benefit to investors. More broadly, as the continuous cycle of product development continues, software companies face a variety of financial and operational challenges, including increasingly complicated financial reporting rules, and tax regulations in China.
As the Chinese software industry innovates and evolves, we help our clients navigate the numerous financial and tax reporting complexities in China which result from these changes.
