Summary of China’s Disruptors

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Rating

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9 Importance

8 Innovation

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Recommendation

China earned a reputation as a low-wage, low-skill economy. That stereotype might endure, but is no longer accurate, argues strategy consultant Edward Tse. In this revealing look at China’s fast-changing business climate, he describes an entrepreneurial ecosystem that moved beyond copying American rivals to accomplishing bona fide innovation. Chief among the success stories is Alibaba, which boasts hundreds of millions of customers, sent eBay packing and successfully diversified into financial services, big data and cloud computing. Tse delves into the strategies of such companies as mobile messaging provider Tencent, online grocer Yihaodian, and smartphone maker Xiaomi. His well-reasoned conclusion: Rules that apply elsewhere don’t necessarily work in China. getAbstract recommends this analysis of innovative Chinese corporations to investors and managers seeking a fresh look at this dynamic economy.

In this summary, you will learn

  • How China’s economy is evolving,
  • How China invests in innovation and
  • What three hallmarks distinguish the Chinese way of doing business.
 

About the Author

Founder and chief executive of Gao Feng Advisory Co., Edward Tse is a consultant who helps companies develop and apply their strategies.

 

Summary

Innovative Entrepreneurs
As China’s economy expanded rapidly, US economists and politicians criticized it sharply for violating a variety of free-market orthodoxies. Among the gripes: China manipulates its currency to keep the yuan low. The state subsidizes manufacturers. China steals ...

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