The Wall Street Journal - Jan 2, 2015
On several fronts, 2014 was a particularly eventful year for China’s
technology sector. While a handful of domestic players grabbed headlines
with blockbuster share offerings, major acquisitions or soaring
valuations, some multinational firms encountered major obstacles in
their efforts to expand in the vast but increasingly challenging market.
Chief among 2014’s Chinese tech highlights was e-commerce giant Alibaba’s record initial public offering
in New York that raised $25 billion and catapulted it onto the
international stage. Also raising eyebrows was Lenovo, the No. 1
personal computer maker, with its sizable acquisitions: first a server business from IBM for $2.3 billion, then Motorola Mobility from Google for $2.91 billion. It was also a year that saw Xiaomi, a four-year-old smartphone company, soar to prominence as the world’s most valuable tech startup,
surpassing Uber at $46 billion. Still, it was a year of uncertainty and
challenges for others in China such as software giant Microsoft and
chipmaker Qualcomm, which have been the subjects of antitrust
investigations.
Here are five things to keep an eye on in the coming year:
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