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Globalization * Innovation * Entrepreneurship * Responsibility
The impact of innovation in / to / from China on fast changing,
R&D intensive industries
Dr. Mark Greeven Zhejiang University
School of Management
Global Manufacturing Conference 2013 Cambridge University – Zhejiang University
Globalization * Innovation * Entrepreneurship * Responsibility
Innovation by Chinese firms in China
Globalization * Innovation * Entrepreneurship * Responsibility
Globalization * Innovation * Entrepreneurship * Responsibility
Xiaomi (2010)
799 RMB
1999-2499 RMB
2999 RMB
Globalization * Innovation * Entrepreneurship * Responsibility
Alibaba (1999)
Globalization * Innovation * Entrepreneurship * Responsibility
Hikvision (2001)
Globalization * Innovation * Entrepreneurship * Responsibility
Xiaomi (2010)
Internet business model brought offline (partner Tencent); no retail or distributors
Market share larger than Apple (since Q2, 2013: 4.4 million phones)
Technologically competitive or superior to any existing smartphone at lowest price
Alibaba (1999)
Building largest ecommerce ecosystem: 1 trillion US$ GMV, 500 million users
Outcompeted eBay
Business model innovation (e.g. Alipay money market)
Hikvision (2001)
No 1 video surveillance camera provider worldwide; 830 million US$ revenues
Continuous innovation (2800 R&D staff)
Globalization * Innovation * Entrepreneurship * Responsibility
Innovation by Chinese firms in foreign
markets
Globalization * Innovation * Entrepreneurship * Responsibility
The nearby future
Source: 2012 China Innovation Survey by Booz, BenCham, CEIBS and Wenzhou Chamber of Commerce
Globalization * Innovation * Entrepreneurship * Responsibility
Chinese R&D in EU27 56 Chinese companies invest significantly in R&D (> 34.9 million EUR) China belongs to the group with quickest increase (28.1%) China as percentage as total R&D investment by top 1500 companies in
EU is only 2.7% (cf. Taiwan 1.4%; South Korea 2.9%, Japan 21.9%, USA 34.9%)
Huawei belongs to the group with largest increase in R&D investment (48.4%)
Huawei is the only Chinese company in top 50 investing companies (41) RSM-ZJU study - Case The Netherlands:
– 256 Chinese companies, 10 investing R&D – CIMC, Mapscape, Ginaf Trucks, Inalfa Roof Systems – Mixed motives: Technology and market seeking by acquisition
Source: 2012 EU Industrial R&D Investment Scoreboard, European Commission
Globalization * Innovation * Entrepreneurship * Responsibility
Chinese R&D in diverse EU industries
Automobiles & part
18% Technology hardware & equipment
9%
Chemicals 2%
Construction & materials
15%
Electronic & electrical equipment
5%
Fixed line telecommunications
5%
General Industries 3%
Industrial Engineering 20%
Industrial Metals & Mining
10%
Industrial transportation 2%
Oil & gas producers 3%
Technology hardware & equipment
5% Travel & Leisure
3%
Globalization * Innovation * Entrepreneurship * Responsibility
Why is this interesting?
Young private companies disrupting industries – Catching up models of innovation
– Role of business model innovation versus technological innovation
Motivations, conditions and consequences of Chinese global R&D – Bridging institutional distance: developing => developed and
developing
Globalization * Innovation * Entrepreneurship * Responsibility
The impact of innovation in / to / from China on fast changing,
R&D intensive industries
Dr. Mark Greeven Zhejiang University
School of Management
Global Manufacturing Conference 2013 Cambridge University – Zhejiang University
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