Recently, an innovation development report on China's Internet industry (2014)was jointly released by Internet Law Center, Peking University Law School and China Law Association on Science and Technology.

The report selected 7 Internet areas including real-time communications, online payment, online game, social network, search engine, network security and cloud computing as analysis objects. In real-time communication areas, as of November 20, 2014, the report retrieved 4,140 Chinese patents. Tencent Company ranked the top with 501 patents, followed by Microsoft, Huawei, Shanghai Liangming Technology and IMB. Among the 3,721 patents in online payment area, 189 and 129 of which were obtained by Huawei and ZTE. In terms of online game area, Tencent, Huawei and KONAMI ranked the first three places in patent holding.

 "The number of patent obtained by Chinese Internet companies in real-time communications, online payment and other areas has on a par with or exceed such foreign companies in Chinese market. Chinese Internet company will play a more and more important role in global innovation map in the future." said Zhang Ping, Executive Vice President of Peking University Intellectual Property Law School.

In fact, the report also reveals the difficulties and challenges faced by such companies. According to the report, Chinese Internet companies still need to improve their innovation capability. "Some advanced Internet companies should consider investments in cutting-edge technology, and accumulate competition capital through innovation. This facilitates the construction of market order in China's Internet industry."  Zhang Ping adds. 

(China IP News)