Do you know why the US sanctions #Hikvision?
Hikvision is too powerful. Within a few years, the Chinese company topped its US competitor Honeywell to become the world's No.1. When the US can't compete, they invent genocide bullshit and drives its rival out of the market.
Hikvision is too powerful. Within a few years, the Chinese company topped its US competitor Honeywell to become the world's No.1. When the US can't compete, they invent genocide bullshit and drives its rival out of the market.
https://twitter.com/Dimi/status/1521811914656993280
Before 2000, the global market of the video surveillance security were dominated by the US companies Honeywell, Tyco, German company Bosch. In 2001, China established a company called Hikvision specializing in surveillance equipment. Six years later in 2007,
the Chinese company entered the A&S selection of the top 50 global security companies. By 2015, Hikvision progressed to the global No. 1.
According to the 2015 global surveillance equipment market report released by HIS in July 2016, in the field of CCTV and video surveillance,
According to the 2015 global surveillance equipment market report released by HIS in July 2016, in the field of CCTV and video surveillance,
Hikvision's global market share grew to 19.5% in 2015.
From the chart we can see that not only Hikvision took the 1st place in the world, another Chinese company Dahua Technology occupied the 4th place. More importantly, for the top ten in growth rate of revenue
From the chart we can see that not only Hikvision took the 1st place in the world, another Chinese company Dahua Technology occupied the 4th place. More importantly, for the top ten in growth rate of revenue
and market share worldwide, Hikvision ranked first with 48.8% and Dahua ranked second with 37.5%, far more than European and American companies, to the latter's hysteria.
In the first half of 2016, Hikvision achieved a business income of 3.594 billion yuan in overseas markets,
In the first half of 2016, Hikvision achieved a business income of 3.594 billion yuan in overseas markets,
an increase of 40.02% over the same period. At this growth rate, American and European companies would be completely squeezed out of the market.
What's more maddening for western companies, Chinese companies realized higher profit margins.
What's more maddening for western companies, Chinese companies realized higher profit margins.
The net profit margin was as high as 23%, far ahead in the industry, bearing in mind that Apple, the world's No. 1 tech company achieved net profit margin of 21.2%.in 2016.
The current global share of Chinese brands in the field of security systems accounts for more than 40%.
The current global share of Chinese brands in the field of security systems accounts for more than 40%.
It is also worth mentioning that the core technology of the image processing algorithm and system integration is entirely owned and patented by Hikvision. The security chips are provided by Huawei's Hisilicon, one of the three main security chip suppliers in the global
market (the other two are US companies),
Facing intense competition from China, US abandoned the sacrosanct principle of free market which no longer serves the US interests. To eliminate competition, as is the American way, the US invents a crime as an excuse to drive its
Facing intense competition from China, US abandoned the sacrosanct principle of free market which no longer serves the US interests. To eliminate competition, as is the American way, the US invents a crime as an excuse to drive its
powerful Chinese competitor out of the market. Whoever dares to do business with the "criminalized" company will be punished.
It's time to do away with the western "rule based international order" which is nothing but western dictatorship and terrorism.
It's time to do away with the western "rule based international order" which is nothing but western dictatorship and terrorism.
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