Technology Magazine November 2017 | Page 29

08 SAMSUNG

Based in Suwon , South Korea , Samsung Electronics Co Ltd principally engages in the manufacture and distribution of electronic products . The company operates through three segments including Consumer Electronics ( televisions , monitors , printers , air conditioners and more ), IT and Mobile Communication ( computers , handheld phones , network systems and cameras ) and Device Solutions ( semiconductor and display parts ). The company was incorporated in 1969 and has stood the test of time , turning a profit of $ 19.3bn last year . Its assets come to $ 217.1bn and the company has a market value of $ 254.3bn . It is also constantly neck-and-neck with Apple for various smartphone market shares around the world , with this fluctuating in Asia especially with other brands such as Huawei proving popular competitors .

07 ALIBABA

Alibaba Group Holding Limited is a holding company with subsidiaries involved in online and mobile commerce , offering products and services enabling merchants , brands and businesses to market , sell and operate across China as well as internationally . The company was incorporated in 1999 , has $ 26.5bn revenue at present and employs around 50,100 people . It is involved in ecommerce , cloud computing , mobile media and entertainment and other initiatives . Alibaba ’ s current market value stands at $ 264.9bn and it possesses $ 70.7bn in assets . Last year ’ s sales came to $ 21.5bn with a profit of $ 5.7bn . Recently , Alibaba entered a partnership with the Mexican government to boost the country ’ s trade ties with China following restrictions in trade between Mexico and the US .
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