Chinese companies have moved on from their tag of being the copycats with scale. In recent years, some of the Chinese companies such as Alibaba, Baidu, Tencent and Haier have led the way when it comes to business innovations. But newer companies are posing a further threat to the existing domination by western multinationals. Royole and Jiangsu Dongcheng ME Tools are two such names. These companies’ business research and development capabilities dwarf those of the traditional giants. The innovators of tomorrow can be categorized under three distinct categories. These are the change makers, hidden champions and the tech underdogs. New business models and products are thus surfacing new.

Source:https://sloanreview.mit.edu/article/understanding-chinas-next-wave-of-innovation/

Uploaded Date:20 February 2019