The Chinese Market Is Really Like &#34 Abroad; Is &#34 Copied? Is It Famous?

In the Chinese market, Xiaomi sells hot markets both at home and abroad, but it is also facing great challenges. According to the fortune magazine online edition, Chinese factories are well known in the global business community. They are famous for helping foreign companies produce good quality and inexpensive products. Chinese companies are also famous, but they are famous in this way: they produce products that are cheap and almost copied from foreign successful brands.

The cheap and stylish millet smartphone has been successful in the early days, helping the company become one of the most valuable private start-up companies in the world with a valuation of up to $45 billion.

But just like "

In an article this week, the magazine said that Millet's lack of innovative products hampered its efforts to become a global force.

Although millet now has 9% of its sales from overseas markets, channel problems and intellectual property barriers may make it difficult for the company to expand internationally.

China's big Brand Company, millet does not know whether it can draw the true essence.

First, Lenovo.

2015 Revenue: $66 billion 700 million.

Overseas revenue accounted for 73%.

Lenovo's global influence has benefited from the two acquisition, and

The targets are American businesses.

Lenovo acquired IBM's personal computer business in 2005, and acquired Motorola's mobile phone department from Google in 2014.

But Lenovo's smartphone business is struggling now, and the company is still maintaining the title of the world's largest PC maker, though there are some doubts.

Two, HUAWEI.

2015 Revenue: $62 billion 900 million.

Overseas revenue accounted for 55%.

Thanks to its smart phone, wireless network and sponsorship of the Premier League Arsenal, HUAWEI is almost household name in Europe and Latin America.

However, due to national security reasons, HUAWEI is still unable to expand in the United States.

Three, China Electric Power

2015 Revenue: $43 billion.

Overseas revenue share: 25%.

Chinese power company has projects in countries such as Pakistan and Laos. Besides building hydropower stations and power plants, China's power portfolio also includes nuclear power.

The company's service has become a way for China to expand its soft power in developing countries.

Four, the United States.

2015 Revenue: $22 billion 200 million.

Overseas revenue accounted for 36%.

Act as

The largest consumer electronics manufacturer, the United States also sells air conditioners and refrigerators in the United States and Mexico.

The company is considered to be a high quality manufacturer of white goods in China.

Haier, the US rival, recently acquired GE's appliance business.

Five, Wanzhou International Co., Ltd.

2015 Revenue: $21 billion 200 million.

Overseas revenue accounted for 71%.

After buying Smith Smithfield Foods in 2013, China's state-owned Shuanghui company was renamed Wanzhou International and listed in Hongkong.

At present, the company is the world's largest producer of pork products, and its revenue is far higher than that of us meat producers such as Hormel Foods Corp (Hormel) and Dean.

What can millet learn from the few global company in China? The above five companies listed in 2015 Fortune Global 500 (at least 20 billion US dollars) provide some clues. Among them, it is important to sell products that users really need in foreign markets. If you do not have outstanding products, you need to buy from other companies to promote growth.