In the first half of 2026, Shanghai's economy continued to improve steadily, with traditional industries growing solidly, emerging industries accelerating, rising sci-tech investment and a thriving digital economy. Invoice data show traditional sectors such as food manufacturing grew 9.2% year-on-year, while emerging industries grew rapidly: intelligent vehicle-mounted devices and robotics rose 61.5% and 17.5% respectively. PepsiCo Foods (China), a consumer-sector player, deepened its consumer-centric strategy and converted summer social, sports and entertainment scenarios into growth momentum. Shanghai's digital industry remained strong: core digital-economy industries grew 8.0%, with digital application technology up 12.4%. As the first entrants to China's first and Shanghai's only national digital advertising industrial park, Lio Group Digital Technology has built a full-chain AI agent framework spanning demand insight, creative generation and ad placement, with first-half revenue above RMB 62 million, up 26.3%. The company's deputy director of accounting said it established a business-first tax assessment mechanism and benefited from the tax authority's compliance guidance. Shanghai enterprises' purchases of R&D services rose 26.6%; scientific research and technical services and patent-intensive industries grew 25.9% and 5.8%. Chip maker Xinyaohui, a national 'little giant' enterprise holding 89 invention patents, saw revenue surge 210% with its self-developed high-speed interface IP products holding 85-90% domestic market share. Shanghai tax authorities said they will continue optimizing services to boost market vitality.
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Tax Data Shows Rapid Growth of Shanghai's Emerging Industries and Digital Economy
Invoice data released by the Shanghai Tax Service shows that in the first half of 2026, Shanghai's emerging industries and digital economy grew strongly: sales revenue in intelligent vehicle-mounted device and robotics sectors rose 61.5% and 17.5% year-on-year respectively, while the digital economy's core industries grew 8.0%, with digital application technology up 12.4%. Lio Group Digital Technology, among the first entrants to Shanghai's national digital advertising industrial park, has built a full-chain AI agent framework covering demand insight, creative generation and ad placement, with first-half revenue exceeding RMB 62 million, up 26.3%. Enterprises' purchases of R&D services grew 26.6%, and chip maker Xinyaohui saw revenue surge 210%. Tax authorities pledged continued service optimization to support high-quality growth.
2026-10-07