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China tech

Chinese tech companies topple Japan, chase US in market share

China takes lead in 12 sectors in Nikkei survey, boosted by domestic demand

Five years ago, Samsung and Apple held a combined 39% of the global smartphone market, whereas Huawei Technologies only accounted for about a 5% share. In 2019, Huawei, Xiaomi and Oppo -- all from China -- had a combined 35% share in a sign of the changing lineup of main players.    © Reuters

TOKYO -- Chinese companies are continuing to expand their presence in the race for dominance in global high-technology markets with a boost from robust domestic demand, according to a Nikkei survey. China is now chasing the U.S. after topping Japan in the number of sectors in which it has taken top market share.

In 2019, China posted the largest market share in 12 sectors, including electric components, up two sectors from the previous year to rank in the second position after the U.S.'s 25 sectors. The Asian giant managed to capitalize on its cost competitiveness to narrow the gap with the U.S. despite their trade conflict.

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