Chasing the 'silver hairs'

Updated 2017-07-05 09:27:27 Shanghai Daily

Shanghai is set to lead information and technology development for the increasingly lucrative "silver hairs," local officials and IT companies told a forum of the Shanghai Digital Information Festival yesterday.

The IT developments and smartphone apps will offer over-60s services covering healthcare, transport, tourism and entertainment .

By 2016, Shanghai had more than 436 million registered residents aged over 60 — one-third of all registered residents.

The figure will hit 5 million next year and 5.4 million by 2020, said the Shanghai Municipal Commission of Economy and Information Technology.

"Shanghai has a huge base of aged people and also an advanced IT infrastructure," said commission vice chairman Fu Xinhua. "The city will lead the development of the silver hair economy nationwide."

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