(XINHUA)

Liu Qingfeng, CEO and President of iFlytek, a speech-recognition technology developer, received the title of Economic Figure of 2013 at a gala hosted by China Central Television (CCTV) on December 12 alongside nine other people. This annual award has been given to the most influential figures in various industries in China since it was launched in 2000.

Liu, 40, started his company in 1999, which became listed on the Shenzhen Stock Exchange in 2008. Their offline speech-recognition software has achieved an accuracy rate of nearly 90 percent for Chinese.