China in Photos | Chinese private enterprises
Defining New Standards
Chinese companies are breaking down barriers with "cutting-edge innovation" and rewriting international rules with cost-effectiveness and exceeding expectations. The global narrative of China's private economy, from workshops to the cloud, from laboratories to consumers, is not only about the growth of trade numbers, but also a comprehensive upgrade of technical standards, brand values, and cultural identity.
BYD's overseas monthly sales have surpassed 70,000 units, outperforming Tesla in the UK and Spanish markets, and securing the top spot in new energy vehicle sales in Brazil and Mexico. Every 2.5 minutes, a BYD vehicle drives abroad.
With the ability to accelerate from 0 to 100 km/h in 1.98 seconds, Xiaomi SU7 Ultra has become the fastest four-door car at the Nürburgring Nordschleife. It has not only topped the global performance chart with a torque of 1770 N·m, but also redefined the "China Speed" with a price tag that is only 55% of the Porsche Taycan's.
Chinese private enterprises, such as Longi Green Energy and Jinko Solar, have dominated the global photovoltaic sector and driven an 80% reduction of the global photovoltaics levelized cost of electricity (LCOE) over the past decade. Their products cover over 200 countries and regions worldwide, contributing to more than 60% of the global market.
AI-DeepSeek, developed by Hangzhou-based company High-Flyer, has become the second largest AI application in the world (second only to ChatGPT), thanks to its topping the download charts in app stores of 140 countries and regions, over 22.15 million daily active users within 20 days of launch, and the second place on the list of global daily active users of AI products. DeepSeeker R1, its inference model with the advantage of low-cost and high cost-effectiveness, has been able to catch up with the performance of OpenAI's o1 model, showcasing the global competitiveness of China's AI technology.
The game Black Myth: Wukong, developed by Chinese company Game Science, sold over 10 million copies globally in its first week of release. It achieved a peak of over 2.26 million concurrent players on Steam, ranking second in the platform's history, and received a 94% approval rating. The game topped the best-seller charts in 93 countries and attracted over 1.8 million viewers on Twitch on the launch day. As the first Chinese original IP to enter the core of the global 3A gaming industry, it has broken the long-standing dominance of gaming markets by Western and Japanese games.
Unitree Robotics has broken through technological barriers with its independent research and development, and captured 69.7% of the global market share. Its quadruped robot, with a rock-bottom price of 20,000 yuan, outperforms similar products from Boston Dynamics and revolutionizes the industry. In 2024, its overseas orders surged severalfold, and the humanoid robot H1, priced at just one-third of Boston Dynamics' competing products, has sent shockwaves through the industry.
Editor/ Tan Yujie
Translator/ Zhang Ying
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