Enterprise query shows that Iflytek was founded in 1999, and it is one of the earliest enterprises engaged in the research of core technologies such as pronunciation and language in China. Entering the market prematurely has enabled Iflytek to accumulate more experience and gain a more solid foundation. Iflytek has a deeper understanding of the market, and can more accurately grasp the direction of research and development, and get twice the result with half the effort.
Iflytek's development philosophy is that only by keeping the core technology ahead of the world can the company remain invincible in the fierce market competition. Iflytek's R&D investment has always been in the leading position in the industry, accounting for about 20% for many years. Most domestic technology companies spend 5% to 10% of their total revenue on R&D, and a few companies will spend about 15% on R&D, just like Huawei.