Biz / Tech

Chinese firms among world's smartest

Zhu Shenshen
Nation's high-tech companies gain global influence as they are included in a list of industry leaders responsible for the latest technology trends.
Zhu Shenshen
Chinese firms among world's smartest
ti gong / Ti Gong

Tang Xiao’ou (left) shakes hands with Malaysian Prime Minister Tun Dr Mahathir Mohamad in Putrajaya, Malaysia. Tang, founder of AI firm SenseTime is the first foreigner to be appointed as a board member of the country's wealth fund.

A number of Chinese firms, including Alibaba, Huawei and SenseTime, feature among the "World's 50 Smartest Companies Firms" in a list by MIT Technology Review.

The list, also known as TR50 list, represents the latest technology trends covering AI or artificial intelligence, bio-medicine, chips and cloud computing. Since 2010, the firms have been chosen for the list in two indexes of high-tech innovation and business model.

The Chinese firms' appearance in the list showcases the country's booming high-tech development, especially in the AI sector. They are having global influence, according to industry insiders.

The Chinese firms on the list also include giants BOE which produces flat panel display products, ByteDance and voice recognition firm iFlytek. AI unicorns, referring to private firms valued more than US$1 billion, are also included, such as SenseTime, Ubtech and Yitu.

Overseas firms in the list include Bosch, Intel, Merck and Tesla.

Huawei is focusing on an Innovation 2.0 strategy to contribute its technologies to various industries and the world, the company said on Monday.

Besides being listed in TR50, startup SenseTime also announced that its founder, Professor Tang Xiao’ou, has been appointed a new board member of Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund.

Tang is also the first foreigner appointed as board member of the fund. He was appointed by Malaysian Prime Minister Tun Dr Mahathir Mohamad.

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