China is doing everything possible to be the leader in technology. The country has gone as far as committing industrial espionage in order to get exclusive information that will not be readily available to the public. In addition, the country has spearheaded the hack of some giant tech companies. However, many of these hacks are not directly traced to the Chinese government.
With a population of over a billion and a people who have recognised the importance of technology, many tech companies are springing. Interesting, these companies are not only competing only China but also internationally. In line with this, here are 5 Chinese companies we believe that will inescapably influence the future of technology. Watch out!
Chinese companies have cemented their place in the world of phone technology. Huawei is a multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong. Its smartphones are one of the most sought after mobile phones in the world as it takes on rivals, Apple and Samsung.
Its products and services have been deployed in more than 140 countries and it currently serves 45 of the world’s 50 largest telecoms operators.
It seems China has created a niche for itself when it comes to technology. Despite the fact that Google is the biggest search engine in the world, it has been unable to penetrate China as Baidu is the most popular search engine in the country.
Incorporated in 2000 and headquartered in Beijing’s Haidian District, the company has delved into e-payment with Baidu wallet and offer food delivery services. Interestingly, Baidu is working on its own self-driving car.
Beware Google!
E-commerce company, Alibaba is flourishing. It has little or no competition in China and it is now targeting the South East Asia market as it recently invested 1 billion dollars in the Malaysian e-commerce company Lazada.
Alibaba is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.
Even Yahoo recognizes that Alibaba is profitable that it poured over 30 billion dollars in Alibaba thereby controlling 15% of the company’s shares.
Didi made headlines recently when it Apple gallantly announced that it was investing 1 billion dollars in Chinese car-hailing company Didi. This action by Apple did not come as a surprise to some industry watchers as Apple has been having long drawn battles with some Chinese companies.
Didi is the Uber of China. The company, which previously raised several billion dollars, dominates the ride-sharing market in China. The company said it completes more than 11 million rides a day, with more than 87 percent of the market for private car-hailing in China.
The question why did Apple invest in Didi when they can invest in Uber? Perhaps Didi is the next big thing!
Founded in November, 1998, Tencent, Inc. has grown into China’s largest and most used Internet service portal.Headquartered in Nanshan district in Shenzhen, its subsidiaries provide media, entertainment, internet and mobile phone value-added services and operate online advertising services in China.
Tencent holdings limited are the developers of WeChat. They own WeChat which is now the second largest Social network with Facebook retaining the number one spot. It has over 700 million users worldwide.
WeChat was launched in 2010.
