More Chinese tech companies to expand globally: GeekPark CEO

AUSTIN - More and more Chinese tech companies are capable of developing their own core technologies and have the ability to expand globally, founder of one of China's largest internet and technology innovation communities, has said.

For the second consecutive year, GeekPark brings Chinese tech companies to Austin, the US state of Texas, for the South by Southwest (SXSW), an annual conglomerate of film, interactive media, and music festivals and conferences.

This is GeekPark's second time to participate in the SXSW and has become an official organizing partner of the activity, Founder and CEO of China's GeekPark, Zhang Peng, told Xinhua in an exclusive interview.

Zhang pointed out that the Chinese tech companies which participated last year were mainly in the mobile app, businesses and consumer products industries. The companies attending this year include some of the biggest names and industry leaders in artificial intelligence.

"If last year was to let Chinese tech companies debut at SXSW, this year marks the integration and collaboration of Chinese tech companies in the global technology and innovation community," he said.

The biggest advantage for the Chinese tech companies is the tremendous Chinese market behind them, he said.

Not only the size of the market, but also the inclusive and rapid developing society, combined with the friendly economic policies and generous capital investments provided solid ground for the Chinese tech companies, he added.

"They can be easily expanded globally once the Chinese market has proven their values," Zhang said.

"A successful tech company should be capable of expanding globally with its core competencies, just like a concentric circle," he said, adding "I believe that more and more Chinese tech companies can draw concentric circles with their core technologies, innovations and success in the Chinese market."

Zhang believed the ultimate goal of the tech companies should be bringing happiness and value to the society and mankind.

"The biggest success for the Chinese companies is when people no longer question whether the technological innovation was made possible by a Chinese company," he said.

Founded in 2010, GeekPark is one of China's largest internet and technology innovation communities, as well as the first one who introduces the concept "geek" into China.

The SXSW, founded in 1987 in Austin, is best known for its conference and festivals that celebrate the convergence of interactive, film and music industries.