4 Chinese tech giants among world’s 50 smartest companies

By Ella Wong, June 25, 2015

0 0

So much for China not being able to innovate. Not only were four Chinese companies named among the world’s 50 smartest companies by MIT Technology Review, but three actually made the top ten!

Xiaomi took second place behind Tesla Motors and well ahead of Apple, which placed 16th. Alibaba was at no. 4, beating Amazon at no. 13. WeChat’s Tencent came in at no. 7, besting Facebook (no. 29), Japanese chat app Line (no. 37) and Snapchat (no. 47). Sadly, Baidu let the team down a bit, coming in behind twelfth-placed Google at no. 21.

Here’s what the tech publication had to say about the Chinese champs:

2. Xiaomi

Fast-growing smartphone vendor is maturing beyond its original “cut-price Apple” model with ideas like flash sales over its mobile messaging platform.

$45 billion Most recent valuation for the private company


4. Alibaba

The world’s largest online retailer, it conducts more than half its daily transactions through its Alipay digital wallet/banking service.

$25 billion Amount raised in its record-setting IPO


7. Tencent

China’s most-used Internet service portal is expanding by investing in companies inside and outside its home market.

549 million Active monthly users on WeChat and its related Weixin service


21. Baidu

The Chinese Internet company’s new deep-learning research lab has produced notable results in facial and speech recognition.

70 percent Increase in 2014 research spending, to $1.125 billion


We can image imagine proud Papa Xi reading this report card from the “Tsinghua of America” and beaming.

more news

Wang Jianlin is richest Chinese person in the world

New Hurun ranking reflects growing wealth of Mainland entrepreneurs.

Caixin takes on industry giants to fight back against endemic plagiarism in Chinese media

Caixin Media Group sues Sina, Sohu, iFeng and Hexun over stolen content.

Chinese airports experience more delays than anywhere else in the world

Only 37% of flights out of Shanghai leave on time.

Chinese universities climb World Reputation Rankings while Hong Kong suffers

Tsinghua and Beida steam ahead while HKU, HKUST and CUHK fall behind.

Here are the five Chinese winners of the 2015 World Press Photo Awards

Stunning pictures from Chinese photographs win international award.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at thatsonline for events, guides, giveaways and much more!

7 Days in China With thatsmags.com

Weekly updates to your email inbox every Wednesday

Download previous issues

Never miss an issue of That's Magazines!

Visit the archives