CGTN | 27-May-2020 | Tencent WeChat
Tencent, one of the world’s largest digital tech companies, created WeChat, which boasts 1.1 billion monthly active users. The added value of a new generation of the information technology industry in Shenzhen was 477 billion yuan in 2018, accounting for 20 percent of the city’s GDP.
In the same year, the number of patent applications under the PCT from Shenzhen reached 18,000, ranking first nationwide. Fourteen thousand high-tech enterprises reside in Shenzhen, second only to Beijing.
Speaking of Beijing, the Chinese capital hosts more key universities than any other city in the country. This makes it a natural breeding ground for innovation. The city has seen the rise of companies like Xiaomi, Didi, and Meituan.
More Readings: Chinese cities turn to innovation as engine for development – Guangzhou still lag