[Global Network Comprehensive Report] Tencent’s market value exceeded US$500 billion for the first time on the 20th, ranking first in Asia and sixth in the world. This is worried about damaging the media in neighboring South Korea. An article in South Korea’s Chosun Ilbo on the 22nd said, “Not only South Korea, this is a market value that even Japanese companies cannot match. And Tencent is just one of the recent rises in Chinese technology. case."
The article stated that Chinese companies such as Tencent, Alibaba, and Baidu have accumulated competitiveness in the domestic demand market and have developed to the level of "threatening" Silicon Valley in the United States. Tencent has ranked first and second in the world of games and mobile chat tools since 2012. Chinese e-commerce company Alibaba’s Singles’ Day discount event on November 11 generated sales of 168.2 billion yuan in just one day, surpassing its U.S. competitors. Amazon.
China has also begun to surpass South Korea in cutting-edge manufacturing. Among the smartphones sold around the world in the third quarter of this year, 5 out of 10 (47.1%) were manufactured by Chinese companies such as Huawei, OPPO, Xiaomi, and VIVO. It is equivalent to twice the price of Korean-made smartphones such as Samsung Electronics, which ranked first, and LG Electronics, which ranked eighth.
In South Korea's leading semiconductor field, China has also begun a strong pursuit. Statistics from the International Semiconductor Equipment and Materials Association (SEMI) show that in the three years from this year to 2019, China plans to build a total of 15 semiconductor factories, which is more than South Korea (3) and Japan (4) combined during the same period. need more. "The Wall Street Journal" speculated: "The funds established by China to support the semiconductor industry alone amount to more than 100 billion U.S. dollars." The article also stated that Chinese semiconductor companies will officially produce memory led by Samsung Electronics and SK Hynix starting next year. Chips are expected to shake up the world's chip industry.
In this regard, Kim Chang-gyeong, a professor at the Department of Science and Technology Policy at Hanyang University in South Korea, said: "China's semiconductors can at least control the huge domestic market in the short term." "The Korean semiconductor industry cannot revel in its unprecedented best performance. It should have the potential to be overtaken by China." A sense of crisis that takes away the dominance of cutting-edge manufacturing.”
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