Incorporated in May 1989, China Electronics Corporation is one of the largest IT companies in China. It has 26 secondary enterprises and controls 15 listed companies, with 130,000 employees. At the end of 2015, the total amount of its assets reached RMB 245.2 billion, the operating revenues of the year were RMB 196.58 billion. It is among the Fortune 500 and among the top 3 major Chinese electronic and information companies.