[May 16 2006 Shenzhen] The Intellectual Property Advantages Promotion Project of Shenzhen was implemented in May. Together with Huawei BYD Auto ZTE and Skyworth Tencent Technology (Shenzhen) Company Limited was evaluated as an "Enterprise with Intellectual Property Advantages in Shenzhen" and thereby acquired a sustentation fund in the amount of RMB 300000.
Tencent Co-CTO Jeff Xiong receives the Certificate of "Enterprise with Intellectual Property Advantages in Shenzhen"
According to sources over 20000 patents are applied for each year in Shenzhen. By now Shenzhen has received over 70000 patent applications and 56000 trademarks have been registered in the city. Over 50% patent applications and approvals has come from and gone to merely 10 leading enterprises including Tencent that have been doing well in respect of intellectual property in previous years.
According to the "Strategic Outline of Intellectual Properties in Shenzhen (2005-2010)" recently released by Shenzhen government the city by implementing the Intellectual Property Advantages Promotion Project of Shenzhen will help at least 100 enterprises develop into enterprises with intellectual property advantages and become the innovative mainstay in Shenzhen in respect of proprietary intellectual property rights.
In recent years Tencent has been actively executing its overall intellectual property strategy which includes the patent trademark and copyright. Besides the company has also participated in activities organized by various industrial associations. Because of its achievements Tencent hosts the post of the vice chairman of the Shenzhen Patent Association and the executive of the Patent Protection Association of China; and Charles Chen CAO of Tencent was appointed as director of the Copyright Protection Association of Guangdong Province. Furthermore Tencent was awarded as one of the Intellectual Property Advanced Enterprises of Shenzhen for Commitment in Intellectual Property Rights in 2005 and one of the 100 Private Enterprises with Intellectual Property Advantages of Guangdong Province. According to sources the 100 Private Enterprises with Intellectual Property Advantages of Guangdong Province will be awarded with a medal and a prize of RMB 30000.