Chinese Companies Gain Ground in Patent Stakes

Chinese Companies Gain Ground in Patent Stakes


China has become the only country witnessing an increase in the number of patents granted by the United States in 2018, according to a recent report from leading global patent database IFI Claims Patent Services. The decline in utility grants affected all other regions of the world, while China maintained growth last year, the report noted. While Chinese companies' granted patents surged by 12% year-on-year to 12,589 in 2018, the total number still represents a small share. In 2018, China only held 4% of US grants. The US took the top spot in the 2018 rankings, holding a 46% share of 2018 grants, followed by Japan and South Korea with 16% and 6.5% of US grants, respectively. Notably, Shenzhen, Guangdong province-based technology giant Huawei had 16th place in the 2018 rankings, gaining 1,680 granted patents. Beijing-based BOE Technology ranked 17th in the list with 1,634 US patents. A recent report released by PwC's strategy consulting business Strategy& said that Chinese companies R&D spending increased by 34.4% in 2018 to total $60.08 billion, marking the largest growth globally. The report is based on an annual analysis of the 1,000 biggest global public companies by R&D spend.

Source: China Daily

People watch

It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.