Chinese technology giants' global strategy discussed at GMIC

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San Francisco, Oct. 25 (People's Daily Online) -- The 2013 Global Mobile Internet Conference (GMIC) closed this week in San Francisco. Among more than 10,000 attendees, speakers from the Chinese mobile giants gained great attention there.

With their roles as technology giants rather consolidated in the Chinese domestic market, those Chinese technology companies are ramping up its push to the overseas market.

Yu Yongfu, CEO of the popular Chinese mobile browser UC Web said one week ago at the Stanford University that China among other eastern countries is becoming a new internet technology innovation center. People can read the confidence even from the Chinese speakers at the conference.

Tencent----Invested over 2 billion U.S. dollars in overseas markets

"We have spent close to $2 billion of investment outside China," said Martin Lau, president of Tencent, China's technology conglomerate with a market value of more than $100 billion.

Tencent is an internet platform aiming to improve people's life quality with advanced internet technology. Tencent has developed many products and services for the Chinese people during the past years. Now Tencent is going to bring those products and services to the international market, said Laud.

He took the popular social media app "Wechat" as "n example. He said that the products in China and in the overseas market are operated on different servers. Tencent hire many local employees in different countries to promote these products, which will make it more localized. He said that the overseas users of "Wechat" has exceeded 100 million.

Lau introduced that the other priority of Tencent' s global strategy is investing into overseas startups. He said that Tencent not only provides funding to those startup companies and experiences, but also help them enter the Chinese market, thus making them grow faster.

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