Top Innovative Companies in China

Top Innovative Companies in China 

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.

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