Billions on drones – Vedomosti
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A couple of years ago, the share of the Chinese company DJI in the global quadrocopter market was estimated at more than 70%. In 2021, according to the research company DroneAnalyst, it has decreased to 54%, writes SCMP. Competitors are partly to blame, although it is difficult for them to catch up with DJI: this company has actually created the market and is several steps ahead of rivals. But a significant role in reducing the share of DJI was played by US sanctions, which began long before February 24th. While the US market played a key role in the company’s growth, DJI now appears to be the victim of Washington’s policy of technological containment of China.
Dreamer from China’s Silicon Valley
After the assembly of the DJI quadcopter is completed, it is checked. He takes off from the assembly line and writes out different figures for two minutes. At the same time, dozens of quadrocopters are in the air in the workshop. Then they sit on the belt and continue to move on the conveyor. This is how a Bloomberg correspondent described his visit to the DJI factory in 2020. Only 10 years have passed since Wang Tao (Frank Wang) presented his first quadcopter. He became a billionaire already in 2016, when he was 36 years old. Now he is 42, and Forbes estimates his fortune at $4.3 billion.
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