The Chinese technology industry is on the cusp of a growth spurt, thanks to its unique position in the nation's economy and years of taking notes on the US.
The mobile and internet communications market in particular is on the rise, as the Chinese state's one child policy has meant a great deal of under 35s are only children, and are flocking to online social media services to interact with friends, according to Mirae Asset Global Investments Group.
Cong Li, manager of the firm said: “For some time Chinese technology companies have been quietly monitoring US companies and learning from the side lines and now their knowledge is being transformed into serious profit and growth potential."
The group also argues unlike many traditional Chinese firms, which are Government run or privately owned family businesses, tech companies are often run by those with more international experience, giving them a knowledge of foreign markets.
Regional iPhone distributor China Unicom, search engine Baidu, internet hosting operation Tencent, and Twitter equivalent Weibo are all tipped as particular hot properties.
Advertisement
Related Stories
- Obama's Google+ overrun as the Great Firewall of China crumbles Feb 27th 2012 at 5:06PM
- Apple's Chinese factories raise wages Feb 20th 2012 at 6:55AM
- Apple sued for use of the word iPad Feb 8th 2012 at 11:14AM
- The US and China are responsible for 40 per cent of global hacks Feb 2nd 2012 at 6:37AM
- Apple increases factory inspections Jan 16th 2012 at 5:20PM
- China launches satellite nativation system Beidou Dec 28th 2011 at 6:15AM
- Student builds $125 tablet for his girlfriend Nov 27th 2011 at 10:41PM
- China becomes smartphone world number one Nov 24th 2011 at 6:59AM
- Chinese military may be reading your Twitter feed Nov 10th 2011 at 12:07PM
- Apple's China sales surpass home brand Lenovo Aug 22nd 2011 at 12:05AM
