Huawei tops in global patent applications last year

The Chinese government has helped the country shift from being a manufacturer of low-priced cheap goods to one where its tech companies routinely file a large number of patent requests. The government has also strengthened enforcement of IP theft in the country. Huawei has said that the 10% of revenue that it spends on R&D annually is much higher than the percentage budgeted by its rivals in China. Last month, the company revealed that it will end up spending $600 million from 2013 to 2018 on 5G technology. It plans to launch the network in 2020.
source: Reuters