SHENZHEN, China, April 26, 2021 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has been included among major participants and setters of the global 5G standards for leading the world in 5G technology, patents, standards, industries, and terminals, according to the latest report “Challenges and Prospects for China’s Telecommunications Industry and Intellectual Property Market ” by established investment management company Jones Lang LaSalle (JLL).
According to the report, ZTE has also been ranked in the first tier of global patent layout in recognition of its contribution to the research and standard settings of the global 5G technology. To date, ZTE’s patented technology value has exceeded RMB 45 billion.
Committed to creating value for customers through the accumulation of high-quality patents and aimed to be a “digital economy road builder”
With the advent of the digital economy era, a new generation of mobile information technology like 5G, has developed into a key driving force for the digital transformation and upgrading of the entire society. Enhancing independent technological innovation and strengthening the cultivation and layout of high-quality patents are playing an important role in the development of China’s enterprises. As a major contributor to the global 5G standards, ZTE insists on building its stronger core competence and continues to research and develop in key technologies and basic sciences. The company has invested more than RMB 10 billion on a yearly basis in the R&D over the past years. In 2020, its R&D spending reached RMB 14.8 billion, accounting for 14.6% of its operating revenue.
As 5G technology becomes mature and gains increasing popularity, major global manufacturers are building their core competitiveness in the iterative patent layout. ZTE has launched a high-quality patent layout in many 5G-related fields. The company constantly strengthens its innovative R&D capabilities to maintain its competitive advantages in the domestic and international markets. Furthermore, by virtue of its global strategic layout,the company continues to bring its customers the innovative products and high-quality services, and is committed to creating value for its customers as a “digital economy road builder”.