GSN_Nov-Dec_FINAL_Yumpu

Mr. Hu, Founder and CEO of Hangzhou
Hikvision Digital Technology Co Ltd, shares
his thoughts with U.S. journalists
By Adrian Courtenay,
Government Security News
On October 21, a group of five
American journalists embarked on
a nine day journey to China, courtesy
of Hikvision USA and parent
company Hangzhou Hikvision Digital
Technology Co Ltd. The trip was
designed to include
visits to Shanghai,
the financial capital
of China; Hangzhou,
where the headquarters
of Hikvision are
located; and Beijing,
the capital of the People’s
Republic of China
and the nation’s political, cultural
and educational center.
The Beijing visit in particular was
of special interest to Government
Security News because Beijing is a
major hub for the country’s very sophisticated
transportation systems
of national highways, expressways,
railways and high-speed rail networks.
The Beijing Capital Airport
is not only the second busiest in the
world in passenger traffic, but also
an architectural masterpiece. And as
we learned when visiting the Hikvision
headquarters, transportation is
a core market for Hikvision, which
also deals with Safe Cities, Education,
Healthcare, Energy and Power
Grids, Cybersecurity, Law Enforcement
and Public Safety, Sports, and
“I’m a big fan of Adam Smith. I’ve read
his books and respect his theories a lot. I
think more about users than competitors.
Hikvision respects competitors.”
of course Video Surveillance.
Founded in 2001 with 49% foreign
capital, Hikvision had a market
capitalization of more than $20
billion USD by September 16, 2016,
more than 18,000 employees and
40 wholly-owned subsidiaries and
shareholding companies worldwide.
According to yearly independent
data from the IHS Market, Hikvision
accounted for 19.5% of market
30
share in the global video surveillance
industry in 2015, up from
4.6% in 2010, and has been ranked
the number one market share leaders
for video surveillance equipment
for five consecutive years. In 2015,
Hikvision was ranked first in the
Emen market with 12.2% market
share, and was ranked second in the
Americas market with
7.3% market share.
In addition to their
meetings with Hikvision,
the American
journalists were also
treated to visits to
some of the great accomplishments
of
ancient China, including the Great
Wall of China, the Forbidden City,
and Ancient gardens dating back
to the 1500’s, along with visits to
the country’s awesome present day
building accomplishments, such as
the gorgeous towers in Shanghai
that dwarf the Empire State Building
and the magnificent Intercontinental
Hotel and Conference Center,
where U.S. President Barack