2018 Spring Meetings of the IMF and the World Bank Group are underway in Washington, D.C. With the fast-pace economic development in China, many Chinese technology companies have been coming up in the recent years.
CGTN America’s Yufei Ge introduces six popular Chinese technology companies.
Alibaba was established in 1999 by 18 people and led by Executive Chairman Jack Ma. Its business covers mobile payment services, cloud computing, digital media.
Today, Alibaba is one of the world’s largest E-commerce retailer websites.
Huawei is global information and communication technology provider founded in 1987. It is the world’s second largest smartphone maker.
Its products and services are used in more than 170 countries and regions, reaching a third of the world’s population. Annual revenue last year reached 603 billion RMB (about $76 million).
Tencent is the leading provider of internet platforms in China, including QQ Weixin/WeChat, QQ Games, Qzone, and Tenpay.
Combined MAU (Multistation Access Unit) of Weixin and WeChat was 938 million, and the monthly active user accounts of QQ were 861 million.
Xiaomi is an electronics and software company founded in 2010. It released its first smartphone in August 2011 and and became China’s largest smartphone company in 2014.
As of 2017, Xiaomi is now the biggest smartphone maker in the world.
Baidu was founded in 2000. It is a major web search website as well, a knowledge-sharing platform and a Chinese-language user-generated online encyclopedia.
In 2017, Baidu’s total revenue was 85 billion RMB. ($13.5 billion).
Computer maker Lenovo Group was originally founded in a dusty, two-room Beijing guardhouse in 1984.
It’s the largest PC Maker in the world, selling in 160 countries.
Lenovo designs, develops, manufactures, and sells personal computers, tablet computers, smartphones, workstations, servers, electronic storage device, IT management software, and smart televisions.