China’s high tech industry is increasingly recognized as a very dynamic industry. More and more Chinese high tech companies are gaining ground on the international stage. “China has changed its strategy and is now ready to offer high value technological products. Today, Chinese do not only copy foreign high tech brands’ features. They innovate and assert their innovation.” explains Fil Control, a French industrial group, leader in the textile machinery industry and owner of a subsidiary in China.
What are the most innovative Chinese high tech companies in 2014? Here are 5 leading Chinese companies which show considerable dynamism in terms of innovation this year.
1 – TENCENT
Founded by Zhang Zhidong in November 1998, Tencent has established itself as one of the leaders in China’s high tech industry, especially thanks to its flagship innovative software services such as QQ, an instant messaging system offering a social and communication platform but also online social games, music, shopping, micro blogging, group and voice chat. In January 2013, Tencent QQ had over 200 million monthly active users and a total of 623.3 registered users. Among Tencent’s flagship innovative services, we can also quote WeChat, the mobile text and voice messaging communication service, which has become a huge hit since its launch, with more than 355 million active users. Tencent is also one of the leading companies on China’s online game market. The group has been recognized as the most innovative Chinese company for more than one year, especially due to its experience and ability to invest in many projects. Tencent has perfectly understood its country’s digital potential and the new craze for social media and instant messaging platform, and has been able to take advantage of China’s digital revolution.
2 – LENOVO
Lenovo, a Chinese brand founded in 1984 by Liu Chuanzhi, is also as one of the leaders in China’s high tech industry and the world’s leader in terms of personal computers sales. The company is specialized in design, development and manufacturing of personal and tablet computers, smartphones, workstations, servers, electronic storage devices, IT management software and smart televisions. The brand became known worldwide in 2005 by acquiring the IBM personal computer division. Lenovo is particularly well-known for its diversification strategy and constant innovation, enabling the company to stay a step ahead in the high tech industry and keep enjoying its technological lead and edge. Lenovo is therefore, as well as Tencent, one of the most innovative Chinese companies.
3 – SUNTECH POWER
Suntech Power is a Chinese company founded in 2001 by Shi Zhengrong, specialized in solar panel manufacturing. The company has become one of the most dynamic solar energy companies in the world and the world’s largest producer of solar panels and photovoltaic cells. Suntech Power has been listed on the New York Stock Exchange since 2005. Suntech Power is well-known for its ability to innovate. Thus, the company was ranked 5th in the top 10 of the most innovative companies in China published last year by the website Fast Company, specialized in innovation, technology, ethical economics, leadership and design.
4 – BYD AUTO
Founded in 1995 by Wang Chuanfu in Shenzhen, China, BYD Auto was initially a battery manufacturer: BYD has 65% of the global market for nickel-cadmium batteries and is the world leader in lithium-ion batteries with a 30% market share. Then, BYD Auto has diversified into automobile, and more precisely hybrid or all-electric vehicles design, development, manufacturing and selling. It is now the 4th Chinese car brand and aims to become the world’s largest automobile manufacturer by 2025. Thanks to its innovation and creativity, the brand has been ranked within the most innovative Chinese brands in recent years.
The program electronic pass includes foreign exchange settlement and international sailing characteristics.
Alipay, a subsidiary of Alibaba Group Holding Ltd., the dominant e-commerce operator in China, has launched a service to make it easier for Chinese Internet consumers to buy products from the United States and European online retailers.
Launched as part of the payment service PayPal online as Alipay, "ePass" combines border settlement currency Alipay deliveries offered by the Intelligent Logistics Network China, which in China goes by the nickname Cainiao. (Alibaba owns 48% of the logistics company.) EPass The service also allows Western e-tailers to conduct digital marketing through the Chinese network of online advertising Alimama.
"With ePass, United States and European merchants are able to offer Chinese consumers who are comfortable with online shopping in English in order to buy goods directly from existing e-commerce websites independent retailers in their home markets, "said Li Jingming, president and chief architect of the United States Alipay, in a statement released by Alipay.
Chinese online shoppers' habbits
Chinese online shoppers using ePass pay their orders in yuan and then have orders shipped to their home by Cainiao network of delivery companies. Consumers can use the currency Alipay mobile shopping app for shopping. Merchants "can easily use our infrastructure to tap into the Chinese market," Li said. "They do not have to worry about international shipping. They can just ship to a freight forwarder in their country of origin, which makes it easier to sell to China because it is for sale on their core market. "
The ePass program marks the latest step Alibaba took to make it easier for online shoppers in China to buy e-commerce sites Westerners. Earlier this year, for example, the Chinese e-commerce operator has an agreement with the delivery service e-commerce in the United States ShopRunner Inc. to reduce shipping costs to China for purchases Web sites of American retailers.
Alibaba launched last month its initial public offering in the United States The total value of Alibaba shares sold under the IPO reached 25 billion after underwriters exercised their options, making it the most large IPO in American history.