• China has become an emerging name in technology due to the innovation after innovation and success of internet companies like Tencent, Alibaba and Baidu

 

China's shedding its copycat image with innovation after innovation

  • Mainland firms dominate areas of tech including payments, drone manufacturing and artificial intelligence
  • In order to make money in China’s tech and  space, investors need to bet on the right company

China’s shift from a country that copies ideas from the West to a tech and innovation powerhouse is no longer an aspiration — it’s a fact.

That was the repeated conclusion last week at one of Asia’s largest tech conferences.

“China is changing from the so-called copycat nation to innovation nation,” Jing Ulrich, managing director and vice chairman of APAC at JPMorgan Chase, told audiences at the RISE conference in Hong Kong last week.

China’s rise in technology has been spurred by the emergence of large companies such as Tencent, Alibaba and Baidu that paved the way for other local firms to follow.

Both consumer appetite and government support led to the creation of new industries and the domestic dominance of Chinese firms in existing areas of technology

READ MORE :