Watchdata is one of China's leading providers of operating system software with data security and encryption functions. The firm said it was the fifth largest mobile telecommunications microprocessor card vendor in China last year. Watchdata provides SIM cards and smart cards to China Mobile and China Unicom. Watchdata currently generates 80 per cent of its revenues in China.
With requirements by the domestic A-share market quite strict, Chinese firms are increasingly looking overseas hoping to replicate the success of Chinese Internet stars SINA, SOHU and NTES.