SHENZHEN is spreading its fame around the globe with an array of telecommunication and high-tech brands based in the city, the Daily Sunshine reported on May 31.
Every six out of 10 smartphones on global markets are made in Shenzhen and three of the top five most-sold smartphones on Chinese markets are made by Shenzhen enterprises, namely Huawei, ZTE and Coolpad, according to the report.
The latest report on the global smartphone market was conducted and released by Strategy Analytics and IDC, which are respectively the Boston-based research institution of telecommunication, IT and consumer technology markets and one of premier global market intelligence firms.
The report shows that Huawei exported 28.3 million smartphones to overseas markets in the first quarter of 2016, an increase of 64 percent compared with the first quarter of 2015, representing 8.5 percent of the total market.
Huawei surpasses all smartphone companies in terms of growth as both Apple and Samsung are experiencing downward sales of smartphones in global markets.
“We have been focusing on research and development as we invest at least 10 percent of annual revenue to enhance our technology,” said a staffer from Huawei.
According to the staff member, Huawei is becoming more active in involving other international organizations and industry giants in cooperation. The telecommunication company is taking a leading role in more than 100 international standard organizations and has over 50,000 patents in China, the United States, Europe, Japan and South Korea.
Huawei’s success is a microcosm of Shenzhen brands’ development. Many local enterprises, such as ZTE, Tencent, BGI, China Merchants Group, Ping An, Vanke, Skyworth, Mindray and Konka, are entering global markets.
In particular, products manufactured by Huawei and ZTE are now being sold in over 140 countries and regions. The boarding bridges and containers produced by China International Marine Containers (CIMC) remained first in terms of total output. Mindray ranked third place around the world for production volume of patient monitors.
(Source: Shenzhen Daily)