Text: | Print|

    ZTE banks on patents to expand

    2014-04-22 10:43 China Daily Web Editor: qindexing
    1

    ZTE Corp, a leading Chinese telecom equipment and smartphone manufacturer, aims to increase its presence in international markets and establish itself as a multinational firm through boosting the number of its patents.

    "We've made the development of intellectual property rights our company's core strategy, especially when expanding to overseas markets," said Guo Xiaoming, vice-president of the company, which is based in Shenzhen, Guangdong province.

    Guo said that if a company doesn't have a solid foundation in intellectual property rights, it will be very difficult to establish itself in overseas markets, especially in matured markets such as the United States and Europe.

    "We've been putting the development of intellectual property rights on top of our company's agenda. We've also been investing heavily in research and development," he told a media briefing on Monday.

    Guo said ZTE invests about 10 percent of its annual sales on research and development every year. It has injected more than 40 billion yuan ($6.42 billion) on R&D over the past five years.

    According to a report from the World Intellectual Property Organization in March, ZTE filed 2,309 Patent and Cooperation Treaty applications in 2013, becoming the world's second largest patent filer.

    Panasonic Corp of Japan – with 2,881 published applications — was the top applicant last year. ZTE was the top applicant in 2011 and 2012, while Panasonic headed the applicants' list in 2009 and 2010.

    Rather than the quantity of patents, Guo said ZTE eyes their quality.

    "The cost of filing a patent in Western countries is quite high — usually 50,000 to 80,000 yuan for each application. We only file those inventions that have the biggest potential in monetization," he said.

    Comments (0)
    Most popular in 24h
      Archived Content
    Media partners:

    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.

    主站蜘蛛池模板: 松滋市| 呈贡县| 始兴县| 托里县| 万源市| 丰镇市| 汕尾市| 阿鲁科尔沁旗| 武川县| 开江县| 贵州省| 宜兰县| 平乡县| 虎林市| 嘉禾县| 微山县| 小金县| 安化县| 大田县| 六安市| 利川市| 桦南县| 柏乡县| 合山市| 青神县| 桦甸市| 昌黎县| 鹿邑县| 肃南| 砀山县| 淳化县| 平陆县| 布拖县| 贺兰县| 建阳市| 泌阳县| 孝感市| 光山县| 韶山市| 井研县| 昂仁县|