The impact of innovation in / to / from China on fast ... · Globalization * Innovation *...

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

Innovation by Chinese firms in China

http://www.google.nl/url?sa=i&rct=j&q=lei+jun&source=images&cd=&cad=rja&docid=-TEVgMhWlxiy_M&tbnid=wMuSXnqPW5RyjM:&ved=&url=%68%74%74%70%3a%2f%2f%77%77%77%2e%77%61%6e%74%63%68%69%6e%61%74%69%6d%65%73%2e%63%6f%6d%2f%6e%65%77%73%2d%73%75%62%63%6c%61%73%73%2d%63%6e%74%2e%61%73%70%78%3f%69%64%3d%32%30%31%32%30%32%30%38%30%30%30%30%30%34%26%63%69%64%3d%31%32%30%36&ei=NoMqUu6zBsTliAe-oIAw&bvm=bv.51773540,d.aGc&psig=AFQjCNEq6xeSSd6CZdcFH6a-zQR2LbcBXw&ust=1378604214670670

Xiaomi (2010)

799 RMB

1999-2499 RMB

2999 RMB

http://www.google.nl/url?sa=i&rct=j&q=xiaomi+red+rice&source=images&cd=&cad=rja&docid=RK_MT8kXCPBIBM&tbnid=fZxU_Cd_fYNynM:&ved=0CAUQjRw&url=%68%74%74%70%3a%2f%2f%77%77%77%2e%74%65%63%68%69%6e%61%73%69%61%2e%63%6f%6d%2f%78%69%61%6f%6d%69%2d%74%65%6e%63%65%6e%74%2d%70%61%72%74%6e%65%72%73%68%69%70%2d%61%6e%64%2d%72%65%64%2d%72%69%63%65%2d%70%68%6f%6e%65%2d%6c%61%75%6e%63%68%2f&ei=AeIpUvlhx56IB7CpgbgF&bvm=bv.51773540,d.aGc&psig=AFQjCNFtn_z3synir8aLU3wDhhd10CZ7YQ&ust=1378562931820909

Alibaba (1999)

Hikvision (2001)

http://www.google.nl/url?sa=i&rct=j&q=hikvision&source=images&cd=&cad=rja&docid=scrYis0bDS6odM&tbnid=BpeRfjYpIOSAJM:&ved=0CAUQjRw&url=%68%74%74%70%3a%2f%2f%6c%61%68%6f%72%65%2e%6f%6c%78%2e%63%6f%6d%2e%70%6b%2f%68%69%6b%76%69%73%69%6f%6e%2d%63%63%74%76%2d%63%61%6d%65%72%61%2d%64%73%2d%32%63%63%31%30%32%2d%31%31%32%2d%31%39%32%70%2d%6e%2d%69%72%74%2d%69%69%64%2d%31%38%38%39%32%38%35%38%36&ei=KOMpUojXHsbNiAfssoHgAw&bvm=bv.51773540,d.aGc&psig=AFQjCNF5QQZlRR9dSRLka5z6Wx9VOSN1Cw&ust=1378563231467581

http://www.hikvision.com/En/index.asp

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)

Innovation by Chinese firms in foreign

markets

The nearby future

Source: 2012 China Innovation Survey by Booz, BenCham, CEIBS and Wenzhou Chamber of Commerce

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

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%

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

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

The impact of innovation in / to / from China on fast ... · Globalization * Innovation *...

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