What are the highlights of China's high-tech industry in the 2015?

2014 is a particularly extraordinary year for China's high-tech industry. Last year, a number of domestic companies were listed overseas or major acquisitions, with market capitalisation soaring. Some foreign companies have suffered setbacks in the increasingly grim Chinese market.

2014, China's high-tech industry's biggest bright spot is Alibaba in New York listing, raised 25 billion U.S. dollars, and jumped onto the international stage. Lenovo, with two major acquisitions, has taken the spotlight: acquiring IBM's low-end server business at $2.3 billion trillion, and buying Motorola Mobile from Google (Weibo) at $2.91 billion. In addition, the establishment of only four years of smart phone company Millet singing all the way, to 46 billion U.S. dollars in market capitalisation to become the world's most valuable technology start-up companies. But for foreign companies, with 2014 years of uncertainty and challenges, software giant Microsoft and chip maker Qualcomm have all suffered from the Chinese government's antitrust investigation.

Here are four highlights of China's high-tech industry for 2015 years.

1. Merger and acquisition boom continues

China's E-commerce giant Alibaba and social media and gaming company Tencent, search service provider Baidu continued to aggressively acquire and build alliances in 2014, expanding the competition arena. Alibaba has expanded its investment portfolio, including television and film production, video-calling applications and online maps. Tencent's takeover target includes China's second-largest e-commerce company, a mobile gaming company in Beijing-east and South Korea. Baidu's investment targets include U.S. car rental applications Uber, an Israeli camera start-up company and a map company in Finland. Under the heat, the market capitalisation of technology start-ups reached record highs last year and may continue to rise this year. The question now is whether the rise in the company's market capitalisation will make mergers and acquisitions less attractive and whether they will focus on business.

2 will Chinese smartphone makers dominate the world?

Now, Millet is the world's most valuable technology start-up company. Investors hope the company's success in handset sales could extend to overseas markets and other equipment sales. But the global expansion of millet has encountered obstacles, mainly patent issues, which is also a challenge for Chinese handset makers. In the domestic market, they are also increasingly challenged by vicious competition, and observers expect growth in China's smartphone market to slow. In the case of millet, other companies recognize that Millet's sales model is mainly based on online sales and the use of social media, and replicate this pattern. The Chinese government's antitrust investigation into Qualcomm may hurt millet, but it could help Huawei and ZTE narrow the gap.

3 How far China will go on the road of information technology nationalism

In 2014, the Chinese government said it would focus on cybersecurity issues and set up a national Security Council. Chinese state media say the iphone and WINDOWS8 have a security threat after Beijing has banned government agencies from purchasing computers to install WINDOWS8. The US Department of Justice recently sued 5 Chinese military officials for allegedly stealing American companies ' trade secrets through the Internet, a move that was countered by China. The incident could continue to hurt American technology companies in China. China has long been more open to the introduction of foreign technology, but the government may now want to eliminate reliance on foreign technology through information technology nationalism. Last November, the United States and China reached an agreement to cut tariffs on many technology products, which could boost U.S. High-tech companies ' operations in China.

5 Where will China's innovation go

Some observers say China is in the midst of a new wave of innovation that is based on a free market, unlike the government-led Top-down innovation model of the past. Some Chinese technology companies have challenged market leaders in some sectors and started to lead the trend in areas such as telecoms, mobile devices and online services. They have learned to dominate the local market by changing existing technologies and business models. The typical example is Tencent's micro-letter, and Alibaba's Alipay. However, such examples still have local limitations. But last year, a Chinese drone manufacturer made a success abroad. 2015, China's innovation may usher in a new level.