Hikvision was established in November 2001, founded with 49% foreign capital. As of September 16, 2016, Hikvision has a market capitalization of more than $20 billion USD, more than 18,000 employees and 40 wholly-owned subsidiaries or shareholding companies worldwide.
Hikvision provides video surveillance products and vertical market solutions in the global market, through more than 2,400 partners in 155 countries and regions. In mainland China, Hikvision now partners with more than 40,000 distributors, system integrators and installers. The Company’s products and solutions have been widely deployed in a number of vertical markets and in notable facilities around the world including the Beijing Olympic Stadium, Shanghai Expo, Philadelphia Safe Communities in the U.S., South Korea Seoul Safe City, Brazil World Cup Stadium, the Italy Linate Airport, and many others.
By the end of 2015, Hikvision had an R&D team of 7,181 engineers, the largest of any video surveillance provider. Hikvision’s significant R&D investment has led to notable advances in video image processing, video and audio codec, video content analysis, streaming media network transmission and control, video and audio data storage, cloud computing, big data, deep learning, video structuralization and others innovations. Hikvision has achieved a competitive advantage in both technology and cost by establishing a systematic technology and product platform that enhances the product development efficiency. Meanwhile, Hikvision has established partnerships with world technology leaders including Intel, Texas Instruments, Ambarella, Sony, Hisilicon, Western Digital and Seagate.