In the course of the past 40 years of economic development, a number of large Chinese technology companies have come to wield global influence, including Baidu, Alibaba, and Tencent, which have expanded beyond their origins as internet companies; telecom giants that have benefitted from close relations with the government, including Huawei and ZTE; and upstart fintech services like Ant Financial. Video security companies Hikvision and Dahua Technology have also become important global players. These internet companies and tech firms are still growing, and their market value has already exceeded that of many small- and medium-sized economies.
Published Date: January 15, 2021