Note: This is the first chapter from ‘Innovated in China’ (2017). “Was that building always there?” – Liu Zhilin, Beijing Local I LIKE TO SIT IN CAFES AND WORK. In fact, I’m doing just that right now. I’ve been frequenting this particular place for the past two years—a comfy, trendy space that serves a mean cappuccino. Located in Zhongguancun, Beijing’s very own dubbed “Silicon Valley”, the café menu has remained virtually untouched throughout my many visits here, while the dining experience has become nearly unrecognizable. Gone are the days of waiting for a server to take my order. Now, I browse a magazine-like menu on my phone after using WeChat to scan a QR code on the table. I also no longer need to open or even bring a wallet along to pay for my food. After selecting the items I want, I proceed straight to the payment method selection and…
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Interview China Innovation Entrepreneurship I recently had the fortune to sit down with Mr. Dickie Liang-Hong Ke, a highly accomplished business strategist, investor, and educator, to probe his mind on innovation and entrepreneurship in China. Mr. Liang-Hong Ke studied to become a software engineer, but his real passions lied in business. He built his first startups while still in college and later switched into sales, marketing, and telecommunications. Since then, he has led projects for industry leaders such as Ericsson, Microsoft, and Nokia, before becoming a Sloan Fellow at London Business School. During the interview, we discussed misconceptions about Chinese innovation, hot tech topics like blockchain, and market strategy for Chinese and non-Chinese companies. The following is the transcript of our fire-side chat and Mr. Liang-Hong Ke’s fascinating insights. CH: You dabble in a lot of areas. From your LinkedIn page, it appears you’ve been a manager, entrepreneur, writer, and…
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Is China’s Fine-Dining Market Lagging by Global Culinary Ranking Standards?
by Maya Cypris December 15, 2017China Fine-Dining Market: Note from Myung Jee Jang, Mio Sato & Maya Cypris– In 2016, we received a year-long research grant to investigate where China’s fine-dining stands in the world market. While the topic may sound somewhat novel, we truly believe that this research has great value in divulging information about Chinese culture, perception of innovation, and global expansion plans. The following, though only part of our final report, highlights our research process and covers some of our many findings. China has been living out a Cinderella story of sorts, with an ever-growing collection of rags to riches stories. With a new consumption culture in place and money to spend, many urban Chinese civilians have experienced notable improvement in their quality of life. While the country’s rapid success and development has yielded a plethora of high-scale amenities, goods, and service— including elaborate new shopping malls, spas, luxury hotels, theaters, international university…
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Meet DIVVII!
by Carl Hooks August 24, 2017Chinese Startups Entrepreneur Service Holding Company: What is DIVVII? DIVVII, Inc. (pronounced div-ee, from the phrase “divvy up”) is an entrepreneurial services holding company that makes it easy for anyone, anywhere to access the resources required to achieve entrepreneurial success, using data science. The company currently has three subsidiaries: DIVVII Media (based in Los Angeles, USA) DIVVII Capital (launching soon in the first quarter of 2018) DIVVII China (based in Shanghai) This article focuses on DIVVII China and its unique programs for students and aspiring entrepreneurs. What is DIVVII’s inspiration? Nicholas (Nick) Clark and Tidus Coleman became friends when Nick was a student at Georgetown and Tidus was working on a veteran’s initiative for Michelle Obama’s office. They combined their backgrounds in entrepreneurship and international education to co-found DIVVII, Inc. Nick moved to Shanghai almost three years ago and currently manages DIVVII China. What is DIVVII’s purpose? DIVVII China seeks…
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How Can China Cope with the Inevitable Trend of Ageing?
by Maya Cypris July 28, 2017China Population Aging: As China nears 1.4 billion inhabitants and becomes one of the most powerful economies in the world, the country has had to prepare and adjust to vast changes accordingly. The highly dynamic setting has brought on many unprecedented scenarios, yielding a plethora of new opportunities as well as looming hurdles. Of these ongoing developments, one of the most crucial unfolding issues is the matter of China’s ageing population, and how to handle it. The given of China’s ageing population is no surprising prospect, and has long troubled members of Chinese society ranging from scholars to government officials, economists and age groups of the young and old. A consequence of China’s one child policy, which significantly disproportioned the size of generations, paired with China’s still steadily growing population, China is today heading towards a future where the older generation will significantly outnumber the younger one. To many, having…
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Meet Loop!
by Maya Cypris June 6, 2017Chinese Startups Social Network: What is Loop? Loop is a social network platform intended to connect between people, their interests, and the businesses behind their interests! Described as a behavior-based social media platform, Loop allows users to connect with their favorite brands or activities while meeting like-minded people who share their passions. An intricately designed badge system segments users into numerous categories based on their personal hobbies or background, and allows them to further develop their passions by engaging in activities related to their interests. As the user continues to participate in their favorite pastime, they are able to ascend to higher rankings within their chosen category, and acquire higher-level badges that prove their dedication to the field. Furthermore, with every level ascension, the user enjoys added perks related to their interests- such as discounts, exclusive access to site features, and more. Living up to the infinity symbol in its name, Loop allows its users…
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Why the Chinese Healthcare System Needs Digitalisation
by Julien Legrand June 2, 2017Chinese Digital Healthcare: The Chinese healthcare system is facing huge challenges with, on one hand, a greying population, multiplying chronic diseases and poor health literacy and, on the other hand, too few qualified doctors working in overcrowded top tier hospitals while lower tier ones are deserted. eHealth solutions are today multiplying to address the very obvious needs for higher quality of care and the associated market was recently estimated to reach USD 110 million in 2020 by BCG. After exploring how patients’ experience was improved through digitalisation, and how BATX (Baidu, Alibaba, Tencent and Xiaomi) were entering the market, after analysing Chinese doctors’ main problems and investigating the reasons why China’s eHealth startup WeDoctor had turned into a unicorn, I conclude this 5 articles series with a global overview of the reasons why the Chinese healthcare ecosystem indeed needs to evolve, how digital can help in the process and the…
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The Evolving Nature of Relations Between China & Israel
by Maya Cypris May 24, 2017China Israel Relations Evolution: For portions of their roughly sixty-year history, Sino-Israeli relations were characterized by asymmetry rather than reciprocity, and extended periods of virtually no relationship at all. Israel recognized the People’s Republic of China soon after its establishment, becoming the first country in the Middle East to do so. However, it was not until nearly forty years later, in 1992, that formal diplomatic relations were officially established between the two countries. This gap is telling of the complexity of Sino-Israeli relations and the evolution of China’s strategy in regards to the Middle East. But despite a rocky start and official recognition period that only spans a short 25 years, the bond formed between China and Israel has already evolved into a strong multifaceted relationship consisting of cultural, political, military and economic ties. From a historical perspective, the relationship between China and Israel can be divided into four distinguishable…
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Meet Yiqiao!
by Maya Cypris April 3, 2017Chinese Startups Social Welfare Program: What is Yiqiao? An overview of the company: Yiqiao is a pioneering social innovation institution. It is a type of fellowship program paired with a ‘think tank’ in public service, aimed at tracking down top young talents for the social sector, and pairing them with public service agencies in different fields. Purpose: Yiqiao aims to bridge between young talents and top players in the Chinese public service industry. It is committed to finding innovative solutions to social problems, as well as stimulating society’s understanding of public service. Method: Take great people, give them training, mentorship, funding, a supportive community, and other resources as they are placed in strategic roles within the social sector for a year. Goals: Establish social impact, build mutual support in the industry, and create leaders for the social sector community. Targets: Recent grads or experienced professionals who have several years of…
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Case Study: How WeDoctor Raised Over 800 Million $ in Less than 2 Years
by Julien Legrand March 5, 2017WeDoctor/Weiyi Group Chinese eHealth: The Chinese healthcare system is facing huge challenges with, on one hand, a greying population, multiplying chronic diseases and poor health literacy and, on the other hand, too few qualified doctors working in overcrowded top tier hospitals while lower tier ones are deserted. eHealth solutions are today multiplying to address the very obvious needs for higher quality of care and the associated market was recently estimated to reach USD 110 million in 2020 by BCG. After examining the eHealth strategy of the “BATX”, Baidu, Alibaba, Tencent and Xiaomi, the Chinese equivalent of the American GAFA (Google, Amazon, Facebook, Apple), I wanted to analyse the investment distribution pattern among all eHealth start-ups. The last two years have been rich in investments, with a total of ~ USD 2 billion poured into eHealth solutions in China. Many investments are highly interesting to analyse but one start-up attracts way…