Hangzhou Hikvision Digital Technology Co., Ltd. is a supplier[2] of video surveillance products and solutions based in Hangzhou, China whose controlling shareholder is the Chinese Government.[3] Hikvision was founded in 2001 by HIK Information Technology (Chinese: 浙江海康信息技术股份有限公司) with the company having a 51% stake and Gong Hongjia (Chinese: 龚虹嘉) a 49% stake. Hikvision made products for the video surveillance market.[4] It devotes 8% of its annual revenue to research and development,[citation needed] with 18,000 employees and 7,181 engineers working for the R&D team by the end of 2015.[5]