国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

The world is young domestic firms' oyster

Infrastructure, technology, talent catapult local enterprises into global league

By MA SI | CHINA DAILY | Updated: 2024-04-22 07:43
Share
Share - WeChat
Overseas consumers look at Roborock's products at the IFA consumer tech fair in Berlin, Germany, on Jan 12. CHINA DAILY

Agreed Wang Wei, general manager of AppsFlyer Greater China, an Israeli mobile marketing analytics company. "Chinese companies' footprints are all over the world. There is no place where Chinese firms do not venture."

The outcome of such spirited forays into global markets is that Chinese brands are becoming well-known, the preferred choices for many consumers worldwide. BrandZ China Top 50 Global Brands report, co-released by Kantar, a market research firm, and Google in 2023, underscored this trend by analyzing perceptions and evaluations of Chinese brands across 11 countries.

The report surveyed consumers' opinions on Chinese brands. It disclosed that at least 70 percent of interviewees were willing to consider more than 90 percent of the total 234 Chinese brands involved in the research.

Notably, the most significant indicator for domestic brands — being considered "top-of-the-mind" among consumers — grew 7 percent year-on-year. Chinese brands now significantly influence buying choices abroad.

At the peak of Kantar's list is Bytedance's TikTok, followed by Xiaomi, Lenovo, Shein, Aliexpress, Huawei, Oppo, Haier, Hisense and Vivo. Chinese drone brand DJI ranked 16th and BYD, which makes electric cars, ranked 22nd.

Technology and innovation have served as growth engines, powering Chinese brands going global, said Doreen Wang, CEO of Kantar Greater China and global chair of Kantar BrandZ, adding that Chinese brands have made technology and innovation central to brand-building, improved brand competitiveness and enhanced consumer experience.

Focusing solely on price will weaken a brand's competitiveness and waste the opportunity to attract new consumers. Chinese brands expanding overseas should transition from a "cheap substitute" to a brand that enhances consumers' quality of life, Wang said.

Many Chinese companies are already doing that. They have been expanding their presence in the high-end market, which used to be seen as the top challenge for their overseas expansion, but is now well within their grasp. This is particularly true of Chinese labels operating in certain niches, thanks to growing R&D prowess, company executives and experts said.

For instance, in the robotic vacuum cleaner segment, Roborock has notched up a solid sales performance in the United States, Europe and the Asia-Pacific region. According to data from International Data Corp, a market research firm, Roborock leads the market in sales volume in Northern Europe and holds the top market share in Germany where consumers prefer high-quality products. Meanwhile, the company's products have outcompeted those of US-based iRobot, which invented robotic vacuum cleaners in the early 2000s.

"Technological innovation is the cornerstone of Roborock. From the very beginning, we have hired outstanding talent from around the world, and we have made breakthroughs in sectors such as radar laser technology and indoor navigation technology," Quan said.

Roborock, he said, has invested over 1.9 billion yuan in R&D and established three major research facilities dedicated to AI, electromechanical engineering and optoelectronics.

Even in product categories that boast bigger market size, like smartphones and electric vehicles, Chinese companies are doubling down on R&D.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
巴青县| 永胜县| 张家口市| 定日县| 灵武市| 连南| 收藏| 两当县| 伊宁县| 兴海县| 保定市| 大名县| 临城县| 凉城县| 房山区| 精河县| 达日县| 瓮安县| 潮州市| 恩施市| 长兴县| 永和县| 微博| 浪卡子县| 东莞市| 武川县| 桂林市| 满洲里市| 葵青区| 项城市| 滦南县| 大新县| 汾西县| 井研县| 全椒县| 迁西县| 文昌市| 广灵县| 临高县| 垣曲县| 贵阳市|