Author Shaun Rein of the upcoming book The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia discusses at the Business News Network how China has moved in ten years time from a copycat economy to real innovation. Low-hanging fruit has gone, and margins are squeezed, forcing Chinese entrepreneurs to focus more on that innovation.
Alibaba Shaun Rein considers to be one of the greatest companies, by acting as a clearing house between buyers and sellers, it outsources much of the risk conventional companies still hold. The main revolution he sees in retail, first in fast changing China, but also later at the US and Canada.
Also VC firms, who used to be interested only in funding Chinese companies who looked like American ones, are now much more willing to invest in innovation too, he says.
Are you interested in more experts in innovation at the China Speakers Bureau? Do check our latest list.