ZTE ups R&D spending to RMB 9b

ZTEZTE has become the first Chinese company to be ranked inside the Top-10 for patent applications by the European Patent Office. Based on data from the office, ZTE filed applications for 1,184 patents in 2012, lifting from 43rd in 2011 to 10th.

R&D spending increased to about RMB 9 billion last year, 3% more than in 2011. Over the past four years, ZTE ploughed more than RMB 30 billion on R&D.

“ZTE’s efforts on technology innovation will take the company to the next level, and we expect a large number of our patent applications in Europe will be granted in the next two to three years,” said Wang Haibo, Director of Legal Affairs at ZTE.  “Our rapidly growing patent portfolio will help strengthen the company’s position in the European market, and reduce risks of anti-competitive litigations.”