8 Chinese industries taking on global players

Updated: 2014-12-03 08:06


No 5 Inexpensive smartphones

Although Apple and Samsung are still popular around the world, China's domestic smartphone brands are making major inroads.

While having more or less same features as high-end phones, Chinese smartphone brands, such as Xiaomi, Huawei, ZTE and Lenovo, have the price advantage. One of the major success stories is the smartphone brand Xiaomi. It is now a big player in the Indian market, and also has offices in Brazil and Southeast Asian countries.

8 Chinese industries taking on global players

Lei Jun, founder and chief executive officer of China's mobile company Xiaomi, demonstrates the features of the new Xiaomi Phone 4 at its launch ceremony in Beijing, July 22, 2014.[Photo/CFP]