ZTE ranks 2nd among Chinese public listed companies in recognition of its $1.8 billion R&D expenditure according to The 2017 Global Innovation 1000 by Strategy&, the strategy consulting team at PriceWaterhouseCoopers.
The study lists the world’s 1,000 largest publicly listed corporate R&D spenders during the last fiscal year (by June 30, 2017)of these 125 are Chinese companies.
ZTE’s accumulated R&D expenditure over the years has been up to 100 billion RMB. In recent years, ZTE keeps improving the competitiveness of next generation products through investment on 5G, IoT, network cloudization and other new technical deployments, spending more than RMB 10 billion on R&D in one year.
According to the latest results report, ZTE has invested RMB 9.197 billion on R&D in the first 9 months of 2017. With constant investment on R&D and continued innovation over the years, ZTE has been playing a leading role in the global telecom industry.
The company was ranked No. 1 in the World Intellectual Property Organization (WIPO)’s latest annual list for patent applications, reflecting the company’s increased focus on research and development of next-generation technologies.
ZTE’s number of chip patents ranked 1st in China, IoT patents ranked 3rd in the world, and wireless charging ranked Top 50 globally.
In the next generation 5G field, ZTE keeps boosting its technological leadership and accelerates its innovative cooperation with major operators in Europe.
In the next three years, by virtue of its leading position as a 5G pioneer, ZTE will focus on carrier markets and core businesses, unswervingly intensifying its R&D expenditure to maintain its technological leadership.