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    Economy

    Chinese firms add high-tech wings to shared development on Belt & Road

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    2017-05-10 10:34Xinhua Editor: Gu Liping ECNS App Download

    The minute when Drozdov Evgeny tried MIUI, an android firmware modified by the Chinese smartphone maker of Xiaomi, the 28-year-old Russian young man simply fell for it offhandedly.[Special coverage]

    Evgeny now works for a Russian software company. In 2011, fascinated by Xiaomi's produce, he launched his own online forum to share the latest versions of MIUI ROMs with other fans all across Russia. The Chinese company has now designated his cyber community, which at present has 11,000 registered members, as its official fans' forum in the country.

    In fact, Xiaomi, as well as many other Chinese high-tech companies, have been supported by the Belt and Road Initiative in recent years as they tap into foreign markets and see their competitiveness snowballed worldwide, especially in the developing countries in Southeast Asia, Africa and Latin America.

    Together, they have not only offered customers worldwide both quality and more affordable alternatives to end-products by global smartphone giants like Apple and Samsung, but have also been promoting other modern-day information technologies that can change the way of life for local people for the better.

    NOT JUST SMARTPHONES

    Apart from Russia, Xiaomi has over the past few years achieved notable market success and become increasingly popular in other countries. The company ranks the third in smartphone sales in both Indonesia and Ukraine, according to Lei Jun, chairman and CEO of Xiaomi.

    In India, another market Xiaomi has invested very heavily, the company released late last month a new model of smartphone called Redmi note 4A. So far, its monthly sales have surpassed 1.5 million. In a recent interview with Xinhua, Lei said the most important advantage the products of his company boast is their higher level of cost efficiency to the international big name competitors.

    "In the past, only those with medium or high incomes were able to enjoy the high-tech products, a scenario we hope to change, and we are working to enable more people to have access to the latest technologies," Xiaomi's Senior Vice President Wang Xiang told Xinhua.

    According to Lei, Xiaomi stresses very much on research and development of technologies and innovation. He noted that the company filed for over 7,000 patents globally last year alone on technologies developed on its own.

    He also said Xiaomi is working hard on two fronts now. One is to attempt breakthroughs on core technologies like chips, while the other is to strike cross-licensing deals with the world's telecommunication giants like Microsoft and Qualcomm so as to avoid patent disputes in its ever expanding foreign adventures.

    Besides smartphones, Xiaomi has also been promoting its wearable fitness-tracking devices like smart wristbands. According to International Data Corporation (IDC), Xiaomi has been the world's second largest wearable device vendors for two consecutive years since 2015.

    The IDC also reported that Mi band 2, Xiaomi's latest smart bracelet, is the highest selling heart rate sensing fitness tracker in India in the fourth quarter of 2016.

    "The essence of the Belt and Road initiative lies in the fact that it has promoted cooperation and collective development of the countries on its routes," said Wang.

    It has improved the environment for the growth of the economies and enterprises, he said, adding that Xiaomi has benefited from the initiative and forged harmonized and stable partnership for win-win result with the firms covered by the initiative.

    KNITTING INFORMATION NETWORKS

    Meanwhile, Chinese companies, especially those that are hosted and supported by Zhongguancun, a high-tech hub in the Chinese capital city, are also trying to share with other countries their expertise in telecommunication and information technologies.

    In 2015, China's DaTang Telecom signed a cooperation agreement with Ecuador's Yachay City of Knowledge to build a 4G TD-LTE laboratory.

    The 4G TD-LTE is China's homegrown fourth generation telecommunications technology. The latest GSMA Intelligence data show that in Latin America, 4G connections more than doubled in 2016, up from 51 million a year earlier, suggesting a fast growing market demand.

    According to the pact, Datang is going to prepare the Ecuadorian side in its efforts to apply the 4G telecommunication networks in the country and train for it a team of professionals.

      

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