Chinese tech companies are poised to make a huge splash this year as they push beyond their borders and invest heavily in international expansion.
The big trend to watch is Chinese companies looking to become big players in the U.S., Europe and around the world. Alibaba started a wave, which we are going to see pick up major momentum this year," said Yuval Reisman, the general manager of Chinese operations for the software firm ironSource.
Xiaomi - The Chinese handset maker is valued at a whopping $45 billion, making it the most valuable private tech company in the world. But the company's ambitions reach beyond China. The company has already pushed its way into markets in Southeast Asia and it could soon elbow its way into the already crowded U.S. smartphone market.
Huawei - Huawei Technologies, which is the world's second-largest equipment telecommunications supplier, is another Chinese company forging ahead in foreign markets. While the company doesn't have access to the U.S. market because of spying concerns, its smartphone expansion in emerging markets in Latin America and Africa has helped catapult the company's revenue growth. In 2014, Huawei's sales increased 20 percent to 287 billion yuan ($46 billion).
Tencent - Besides hardware companies, Chinese software companies, especially those that are mobile-focused, are expanding outside their domestic market this year. Tencent has a stronghold in Chinese social networking platforms. The company owns the popular Chinese messaging app WeChat, which boasts over 450 million monthly active users. But the company will also likely increase its push for a piece of the U.S. mobile messaging market by making investments to promote its own WeChat app.
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