Market Share of China ICT Industry
Competition from Chinese firms is strong, as the quality of domestic hardware, software, and services has continued to improve. As a result, the market is highly fragmented, with both large and small enterprises with International and local players. Some of the leading market players in the country are Tencent Holdings Ltd, Huawei Technologies Co. Ltd, Xiaomi Corporation, ByteDance Ltd, and Alibaba Group Holding Limited.
- April 2022 - The China Academy of Information and Communication Technology (CAICT) and the World Economic Forum collaborated to hasten the creation and uptake of urban digital twin applications. According to recent research by the World Economic Forum and China Academy of Information and Communication Technology, digital twin technologies hold the key to enhancing urban living and enabling more resilient communities (CAICT). The collaboration would also help address unforeseen problems with data security and quality that are connected to the digital representation of the real world.
China ICT Market Leaders
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Xiaomi Corporation
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Alibaba Group Holding Limited
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Tencent Holdings Ltd
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Huawei Technologies Co. Ltd
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ByteDance Ltd
*Disclaimer: Major Players sorted in no particular order
