Chinese tech firms, once mostly known for their manufacturing prowess, are now challenging market leaders and setting trends in telecoms, mobile devices and online services. As Juro Osawa and Paul Mozur report:
Keeping better-known global competitors at bay in their massive home market, Chinese tech companies are hiring Silicon Valley executives and expanding overseas with aggressive marketing campaigns featuring international sports stars and celebrities.
They still face a perception problem among consumers in many parts of the world that their products aren’t as high-quality or reliable as others. Some foreign competitors have alleged that Beijing gives unfair advantages through subsidies, cheap financing and control over the currency market.
But, many executives at Chinese and Western companies contend, China’s technology sector is reaching a critical mass of expertise, talent and financial firepower that could realign the power structure of the global technology industry in the years ahead.
via China’s Tech Firms Now Challenging the Likes of Samsung, Apple – China Real Time Report – WSJ.
