The information technology sector is coming of age in China, growing leaps and bounds as the nation's low costs and huge markets help make the Middle Kingdom an important hub for IT services.

One standout in the industry is AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a top provider of telecommunications software solutions and IT security products and services in mainland China. AsiaInfo was founded in the United States in 1993, and moved most of its operations to China in 1995. The company operates in two divisions: AsiaInfo Technologies and Lenovo-AsiaInfo.

AsiaInfo Technologies provides software and IT solutions to all of China's national telecommunications carriers — including China Telecom Corporation Limited (NYSE:CHA), China Unicom Limited (NYSE:CHU), China Netcom Group Corp. (NYSE:CN) and China Mobile Ltd. (NYSE:CHL), the world's largest mobile operator. The company designs and provides infrastructure applications that enable telecom operators and service providers to offer services like mobile email, entertainment, and e-commerce technology and short message service. Lenovo-AsiaInfo focuses on providing information technology security products and services primarily to small and medium-sized businesses. The Lenovo segment's offerings focus mainly on firewall, remotely operated virtual private network technologies and denial of service protection.

In the last quarter of 2007, AsiaInfo inked several major agreements with China's telecom giants. The firm signed contracts to develop a customer relations management (CRM) system for Xinjiang Telecom, a provincial subsidiary of China Telecom; develop a mobile e-commerce platform for CMPak, a subsidiary of China Mobile in Pakistan; upgrade the business intelligence (BI) systems for China . . .

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