Hikvision CEO Declares 'We Do Not Cut Rates"

By: John Honovich, Published on Dec 02, 2016

Hikvision has led another press trip to China, and this time Hikvision's CEO is sharing insights into their competitive strategy, including Hikvision's price setting strategy and how China is a free market, a fascinating contrast to Hikvision's actual moves.

********* *** *** ************ **** ** *****, *** **** **** Hikvision's *** ** ******* insights **** ***** *********** strategy, ********* *********'* ***** setting ******** *** *** China ** * **** ******, a *********** ******** ** Hikvision's ****** *****.

[***************]

Key ******

** *********** ******** **** ******, *********'* '***' (**************** ** ** ***** ********** report)********:

********* ******** ***********.We ** *** *** ********** ******* **** ***********. It’s a public company. Everything is public. We have a price system, but we ** *** *** *****. We provide more services to customers. When you compete in a market, you learn different sentiments. Some competitors will come and some will go. China ** *** **** **** ****** ** *** *****. [Emphasis Added]

************

*** ** *** ***** comment ** ************ **** Hikvision's *********** ***** *** / ***** ********** **** **** have ***** *** ********. No ************* **** ****** the ***** ***** ******** close ** **** ********* does. ** ** *************** ***********, *********'* ***** **** are *********. **** ***** they ****** ** * '**** ******', **** *** **** a **** ***** *** have * ******* *** up ** **%.

**** ****** *** ******* *****, even ***** ******* '****' prices *** ***** *** more ********** **** *** of ***** ***** **** similar ******* *******, *******, marketing *** ***** **********. Hikvision ****** ***** ******** ** if **** *** * mediocre ****** ********* *****.

Driving ****

** ** ********* *********'* prerogative ** *** ***** and ** ********** **** competitors *** *** ****** has **** *** **** to *** ****** ** companies ****** **** ** scramble ** ***** *********'* moves ** *********** **** the *** ** *** market. ** ***** ** surprising ** *********'* ** was *** ***** ** this.

China '**** ******'

*********'* ** *********** **** "China ** *** **** free ****** ** *** world" ** **** ** justify:

**** ****** ********* ** cut ****** *** ** so ********** ** ******* because ***** ** *** a **** ****** *** Hikvision ** *** ******* government's ************.

Comments (6)

This is fascinating. He should come to the US and become a politician. Say one thing and do another has always been our motto.

He doesn't need to come here, he's taking notes...

In a surprising answer to a question from Mark Tarallo of Security Management Magazine regarding his personal style and philosophy, Mr. Hu responded, “When we started, we were not prepared, but we had passion and learned a lot from the U.S. A lot of thoughts, passion and interpretation in a lot of areas.”

Pickup up right after your quote is another telling statement:

"...China is the most free market in the world. Investors have benefits. They do have privilege.”

In China they set the pricing?

It's incredible how people can completely lie, know they are lying, and possibly know that there is a great percentage of people that know they are lying as well, and still think it's worth lying? It does sound remotely like US political talk but I don't think anybody could be that stupid as this individual.

It does sound remotely like US political talk...

Possibly a particularly bad year to compare lies, though.

Btw, here's some brazen lying:

Starnight Claims Swann Started Hikvision In Australia

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Dahua China Significant Job Cuts on Jan 28, 2019
Dahua China has cut a significant number of jobs in the past few months, according to numerous sources. This is a significant shift from Dahua's...
First US State, Vermont, Bans Dahua and Hikvision on Feb 21, 2019
The first US state, Vermont, has issued a ban on a number of Chinese and Russian manufacturers including the world's 2 largest video surveillance...
Hikvision Admits USA Sales Falling on Apr 22, 2019
Hikvision, in a new Chinese financial filing, has admitted that its USA sales are now falling. Less than a year after the US government passed a...
Hanwha Techwin Dropping Huawei on Jun 06, 2019
Hanwha Techwin is dropping Huawei Hisilicon from all of their products, the company has confirmed to IPVM. Inside this note, we examine Hanwha's...
RaySharp Revealed - Major China OEM For Western Consumer Video Surveillance on Jul 02, 2019
RaySharp is mostly unknown, even among people in the video surveillance industry, though it is a major supplier of OEM surveillance equipment such...
Hikvision USA Giving Free Cameras In Biggest Flash Sale on Jun 26, 2019
Hikvision redefined sales promotions in the US video surveillance market, starting at the end of 2015, with across the board discounts. Now,...
Stanley Makes "Multi-Million Dollar Investment" Into Banned Hikvision Products on Aug 09, 2019
Just days from the US government ban going into effect, US mega-corporation Stanley has dramatically increased its imports of banned Hikvision...
US Government Ban of Dahua, Hikvision, Huawei Takes Effect Now on Aug 13, 2019
The 'prohibition on use or procurement' of Dahua, Hikvision and Huawei products and 'essential components' take effect today, August 13, 2019, one...
Megvii Financials and Growth Examined on Aug 30, 2019
Megvii has already received more than a billion dollars in investment. Now, the company, a top China facial recognition provider, has filed for an...
In China, Foreign AI Companies Banned or Disadvantaged, Says Top China AI Company on Aug 28, 2019
Non-China (PRC) companies are prejudiced and unfairly targeted inside of the PRC's booming AI market, which not only denies them revenue inside of...

Most Recent Industry Reports

IronYun AI Analytics Tested on Feb 17, 2020
Taiwan startup IronYun has raised tens of millions for its "mission to be the leading Artificial Intelligence, big data video software as a service...
Access Control ADA and Disability Laws Tutorial on Feb 17, 2020
Safe access control is paramount, especially for those with disabilities. Most countries have codes to mandate safe building access for those...
ISC West 2020 Removes China Pavilion, No Plans To Cancel Or Postpone on Feb 17, 2020
ISC West plans to go on next month, amidst concerns over coronavirus. However, the Asia / China Pavilion has been removed, show organizers...
Hanwha Wisenet X Plus PTRZ Tested on Feb 14, 2020
Hanwha has released their PTRZ camera, the Wisenet X Plus XNV-6081Z, claiming the "modular design allows for easy installation". We bought and...
IPVM Conference 2020 on Feb 13, 2020
IPVM is excited to announce our 2020 conference. This is the first and only industry event that will be 100% sponsor-free. Like IPVM online, the...
Bosch Dropping Dahua on Feb 13, 2020
Bosch has confirmed to IPVM that it is in the process of dropping Dahua, over the next year, as both IP camera contract manufacturer and recorder...
BluB0X Alleges Lenel, S2, Software House Are Dinosaurs on Feb 13, 2020
BluB0X is running an ad campaign labeling Lenel, S2, Software House, Honeywell, AMAG and more as dinosaurs: In a follow-up email to IPVM,...
London Live Police Face Recognition Visited on Feb 13, 2020
London police have officially begun using live facial recognition in select areas of the UK capital, sparking significant controversy. IPVM...
Converged vs Dedicated Networks For Surveillance Tutorial on Feb 12, 2020
Use the existing network or deploy a new one? This is a critical choice in designing video surveillance systems. Though 'convergence' was a big...