BEIJING, July 8, 2011 (GLOBE NEWSWIRE) -- eFuture Information Technology Inc. (Nasdaq:EFUT) (the "Company", or "eFuture"), a leading provider of software and services in China's rapidly growing retail and consumer goods industries, today announced that according to the most recent survey of China's retail industry IT services market by International Data Corporation (IDC), eFuture holds the largest share of market among the top 10 retail industry IT service providers in China. According to IDC's July 2011 China Retail Industry IT Solution 2011-2015 Forecast and Analysis, there are currently more than 140 IT service providers offering solutions to the retail industry in China, led by eFuture, Changyi, SAP and Ufida. Together, the top 10 firms in the segment generated a combined RMB689.2 million in revenue in 2010, representing market share of 37.6%, which includes revenue generated from both software and services.
Adam Yan, Chairman and Chief Executive Officer of eFuture, commented, "IDC's survey reflects the success of our recent initiatives to take advantage of the wealth of opportunities within China's booming retail and consumer markets. The healthy top-line growth eFuture has achieved in recent quarters is a testimony to our sustained efforts to grow revenue by capitalizing on strong relationships with existing clients, as well as by broadening our client base. Looking ahead, we expect demand for our innovative and attractive software, professional services and cloud services to continue to outpace industry growth rates."
About eFuture Information Technology Inc.
eFuture Information Technology Inc. (Nasdaq:EFUT) is a leading provider of software and services in China's rapidly growing retail and consumer goods industries. eFuture provides integrated software and services to manufacturers, distributors, wholesalers, logistics companies and retailers in China's front-end supply chain (from factory to consumer) market, especially in the retail and fast moving consumer goods industries. For more information about eFuture, please visit http://www.e-future.com.cn.