China's IP in Foreign Eyes

  • Provided with a setup box, a webcam paired with a TV set and voice assistant, customers gain access to telemedicine and an SOS system as well as for-pay services that include housekeeping and meal deliveries. Launched just four months ago, Lanchuang's smart care system has already signed up 220,000 elderly clients in 16 cities. The company has sold several hundred sets of sensors in Beijing so far this year under three-year contracts with community organizations. 

    ——Smart home tech makes inroads into China's emerging elderly care market, by Reuters

    Comment

    As a bleeding edge technology, intelligent technology has been integrated into all aspects of our life, changing people's lives. Chinese enterprises should seize this opportunity and use IP to protect innovative achievements in time.

  • China is an emerging source of product, portfolio, and business model innovation. Many companies are embarking on that journey. Beyond pipeline management and acceleration, companies are also tapping into China's innovation ecosystem. In the last three years we have seen AstraZeneca open a Commercial Innovation Center in Wuxi, Sanofi open a global research institute in Suzhou. 

    ——China has become a CEO-level priority for multinational pharmaceutical companies, by Endpoints News

    Comment

    China's business enviornment is constantly improving, which can be reflected by the facts that more and more multinational pharmaceutical companies have set up their R&D centers there. In recent years, China has continuously enhanced IPR protection and the increasingly optimized business environment has attracted foreign enterprises to invest in China.

  • Chinese internet giant Tencent is set to buy a 10% stake in the Universal Music Group (UMG), which is owned by French media conglomerate Vivendi. Vivendi said Tencent can help it to improve the promotion of UMG's artists in China, adding that it wants to "identify and promote new talents in new markets." Vivendi said the deal would value UMG at $34 billion , meaning Tencent's chunk of Universal would be worth $3.3 billion.

    ——Tencent In Talks To Buy 10% Of Universal From Vivendi For $3.3 Billion,Forbes

    Comment:

    Tencent's commercial strategic cooperation with UMG, while seizing the digital new market and new opportunities, must strengthen the protection of intellectual property rights in movies to create more art products and capitalize on its value.

  • Nowadays,Didi Chuxing announced that it would form a joint venture with the British oil major aimed at providing charging services to both Didi and non-Didi car owners and to scale up the charging network "significantly" in China after the joint venture with BP is established. BP has already linked its first charging site in the Chinese port city of Guangzhou with Didi's open automobile solutions platform. 

    ——China's Didi partners up with BP to build an electric vehicle-charging network, CNBC

    Comment:

    Internet and big data computing can make electric vehicle charging network services more accurate and efficient. Through this cooperation, the two sides can help electric vehicle users to obtain a better service experience and promote consumption upgrade and industrial upgrading by tapping the Internet and big data information technology.

  • Enlight Media's Nezha has become the highest-grossing Chinese animated feature of all time, sailing past the RMB 1bn ($145m) benchmark and beating previous record-holder Monkey King: Hero Is Back, which grossed $138m in 2015. The film appears to be tapping into the young adult audience. According to online ticketing platform Maoyan, more than 50% of the film's audience is aged 20-29 years. It currently has a 9.7 rating on Maoyan and an 8.7 rating on influential film review site Douban. 

    ——'Nezha' becomes highest-grossing Chinese animation in history, Screen Daily

    Comment:

    The popularity of the Chinese animation Nezha is much in relation to the quality content meeting the objective audience. The success of the movie will provide experience for making of more outstanding animated films.

  • The coffee company trying to topple Starbucks in China is planning to storm other big markets. Luckin and Americana signed a memorandum of understanding in Beijing on Monday and will run the new coffee business as a joint venture, the Chinese firm said. Luckin is fighting Starbucks in China by opening thousands of stores in the past two years and relying on technology for orders, deliveries and payments to give it an edge. It currently has around 3,000 stores across China. 

    ——China's Luckin Coffee is taking on Starbucks in more big markets, CNN

    Comment:

    Luckin Coffee is developing its brand by expanding domestic and foreign markets in just one year. The innovative technology and business mode help it gain the advantage in market competition.

  • Today, the company beams Chinese TV shows into the homes of 10 million subscribers in 30 African countries. The Chinese government, under its "Going Out" strategy, was encouraging entrepreneurs to head abroad and forge stronger ties with African nations.Chinese entrepreneurs looking to make early inroads in nascent markets started moving to Africa.

    ——How China is slowly expanding its power in Africa, one TV set at a time,CNN

    Comment:

    As a "going out" Chinese company, StarTimes combines its own brand products with the market demand of African countries, and brings Chinese culture and programs to the African market to provide local people with  quality products and services.

  • Recently, U.S. cloud-based service provider Salesforce.com said on  it will partner with Chinese e-commerce company Alibaba Group Holdings, as Salesforce looks to make inroads into the Chinese software market with its cloud-based products.Alibaba will become the exclusive provider of Salesforce to customers in mainland China, Hong Kong, Macau, and Salesforce will become the exclusive enterprise CRM product suite sold by Alibaba. 

    ——Salesforce expands footprint into China with Alibaba partnership,CNBC

    Comment:

    Salesforce and Alibaba's innovative exploration in the field of cloud computing need to establish standardized service processes, intellectual property management and protection mechanisms for related information and technologies. In this way, mature products and services can provide customers with efficient and reliable service.

  • In recent decades, China's space program has accelerated. Beijing has fired space labs and satellites into orbit and even become the first country to send an unmanned rover to the far side of the moon. The Yutu 2 rover's primary purpose was exploring an area previously untouched by humanity and answering questions such as whether the moon's poles have water or other resources.

    ——50 years after US moon landing, China is catching up in the space race,CNN

    Comment:

    Based on the self -reliant intellectual property rights, the Yutu 2 rover has set many records in China's space history. Taking intellectual property as the starting point, China will continue to promote the development of space program and improve the core competitiveness of satellite navigation and other related industries.

  • Recently,UBTech, a maker of humanoid robots backed by Chinese technology group Tencent, is preparing an initial public offering in China's markets.The seven-year-old robotics company was valued at $5bn when it raised $820m in May last year. It turned profitable last year, according to chief brand officer Michael Tam, and two months ago changed its corporate structure. "We are preparing for the public markets. we are much more likely to raise money in the mainland market," he said.

    ——Robot maker UBTech eyes rare China tech IPO,Financial Times

    Comment:

    IPO means that a company is mature enough to cope with stricter disclosure standards. In the fierce market competition, China's unicorn companies need to base themselves on the domestic market and prepare well in the IP layout to better go outside.

  • China's top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan's Toyota Motor Corp to cooperate on areas related to artificial intelligence (AI) amid a push for self-driving cars. Baidu will work with the automaker to explore more uses of autonomous driving technologies, said Li Zhenyu, vice president of Baidu who is in charge of its intelligent driving unit. With Geely, Baidu will cooperate in AI applications such as intelligent connectivity and smart mobility, Baidu CEO Robin Li and Geely Chairman Li Shufa said at Baidu Create 2019, a yearly gathering where the company shows its advances in AI. 

    ——China tech giant Baidu partners with Geely, Toyota, Reuters

    Comment:

    Baidu, a tech giant in China, has been launching new products with innovative technologies based on the market demand. Baidu's cooperation with Geely and Toyota will be a way to facilitate the application and development of its technologies.

  • Alibaba's B2C marketplace Tmall recently unveiled its Flagship Store 2.0, an elevated shopping experience that is setting the bar for what e-commerce can look like. This peek into the future of Tmall Flagship Stores also underlines Alibaba's strategic goals in the near term. The update offers brands the ability to provide a customizable experience, leverage new technologies, and fully tell their own story. Updates will be active in time for this year's 11.11 Global Shopping Festival and is open to all brands that have Flagship stores on Tmall. 

    ——Tmall 2.0 Goes Big on Customization, Forbes

    Comment:

    Alibaba has been innovatively building a shopping platform which meets the needs of consumers for many years. The Flagship Store 2.0 project will not only be conducive to promoting brands, but also bringing pleasant consumer experiences.

  • Meituan, China's leading e-commerce platform for services, has been selected as one of the 50 Smartest Companies (TR50) in China by MIT Technology Review. Meituan has been recognized for the innovative technologies that underpin its advanced delivery network. The TR50 highlighted Meituan's "Super Brain", the real-time intelligent dispatch system powered by Big Data, AI technology and optimization algorithms. The system can perform about 2.9 billion route planning algorithm operations per hour and calculate the optimized delivery routs in an average of 0.55 milliseconds, to ensure an average delivery time of 30 minutes. 

    ——Meituan Named One of 50 Smartest Companies by MIT Technology Review, PR Newswire

    Comment:

    Already leading the take-out delivery business, Meituan has always been developing new technologies. Its innovative operation not only helps the company bring quality services for customers but also win global recognition.

  • Beijing-based Baidu last week quietly released the latest version of Apollo, its open source full-stack software solution for driverless vehicles. Apollo 5.0-which follows on the heels of Apollo Lite, the company's vision-based framework that enables nearly fully autonomous driving under select conditions-introduces a number of new features, including an upgrated perception model for "complex" road scenarios and a bespoke sensor calibration service. Apollo 5.0 ushers in a brand-new data pipelie service with per-vehicle calibration options, along with spruced-up prediction evaluators and map data verification tools. 

    ——Baidu releases Apollo 5.0 with upgrades for ‘complex' road scenarios, VentureBeat

    Comment:

    In recent years, Baidu has been making its name heard in automated driving through independent innovation. The launch of Apollo 5.0 is a manifest of the company's innovative power.

  • The new Mi CC smartphones are "designed to be a flagship for photography and selfies with both front and back cameras," Xiaomi said in a statement. The phones will use a photo algorithm developed in partnership with viral selfie app Meitu. The phone was designed by "one of the youngest product teams in Xiaomi, among which half are art majors and are dedicated to creating a trendy design for young consumers," it said.

    ——Xiaomi asked art majors to help design its latest smartphones, CNN

    Comment:

    In a bid to meet the needs of young consumers, what Xiaomi have been done is to design a fashionable and popular smartphone to win the market in recent years.

  • Apple is reportedly shifting production for its new Mac Pro computer from the United States to China. The company's latest Mac Pro computer will not undergo final assembly in Austin, Texas, as its previous version did, according to a Wall Street Journal report.Apple (AAPL) will now partner with Quanta Computer in China — closer to Apple's other factories. The effort could help reduce costs related to shipping components to the United States for the last production step, the report said.

    ——Apple shifts Mac Pro production away from US to China, CNN

    Comment :

    With the continuous output of China's innovation-driven development, China's constantly upgrading communication equipment manufacturing technology and huge consumer market are attracting more and more investment from multinational companies and top technology companies.

  • Alibaba, which runs the world's largest money market fund, has transformed asset management in China. Its affiliate Ant Financial has its sights on repeating this success through a joint venture with US-based Vanguard Group. The Shanghai subsidiary of the world's largest mutual fund group will hold a 49 percent stake in the partnership, with Ant taking the rest. Through Alibaba's mobile payment service Alipay, Ant has access to 700m active users in China that keep $168bn in Ant's funds. Vanguard will have arrived at the right time. 

    ——Alibaba/Vanguard: Ant seen nuthin' yet, Financial Times

    Comment:

    Ant Financial has been launching branded products such as Alipay to meet users' needs with innovative spirits as an Internet financial services company. The building of the brand not just helps it lure numerous customers, but opening up new opportunities for its development.

  • Xiaomi, best known for its smartphones, is making serious inroads into Russia as it launched a collection of products in the country where some 145 million people live. That includes its smart TVs featuring 700,000 hours of content, smart wristbands, wireless earbuds, and flagship phone Mi 9T, which is identical to its recently announced Redmi K20 for China under a different identifier. 

    ——Xiaomi's latest products for Russia include its smart TVs and flagship Mi 9T, TechCrunch

    Comment:

    In a bid to expand the market, Xiaomi persists in self-generate essential technologies since its establishment in 2000. Xiaomi's launch of new products in Russia not only represents its ambition to explore the global market, but also its capacity of innovation. 

  • All except three of the top 20 in the BrandZ ranking are from the US, and the continent's brand hegemony over Europe is not threatened. But China's transition into the world's biggest market for online retailing and service is shaking it. Alibaba and Tencent are top 10 brands, and others such as Xiaomi and Meituan have entered the top 100. Chinese companies have shown they can create new services, rather than just adapting US innovation, and they are starting to become global brands, with 15 Chinese brands in the top 100.

    ——China and new tech generation shake old notions of good branding, Financial Times

    Comment:

    Rapid innovation in consumer technology and the internet has shaken up the brand rankings over the past two decades and created such powerful entities of Chinese brands.

     

  • It was all about autos at one of China's top tech conferences this week. More than 80 companies showed off vehicle technology at the Consumer Electronics Show in Shanghai, filling two of the six conference halls and forming the largest product category at the annual gathering. China is the world's biggest auto market. In recent years, fierce competition, progressive startups and popular mobile "super-apps" such as Tencent's (TCEHY) WeChat have made Chinese consumers more discerning about what they want in their cars, executives say.

    ——Virtual assistants, VR headsets and app stores. How tech is changing cars. CNN

    Comment:

    In China's huge car market, vehicles compatible with smartphones and smart apps are popular among consumers, and this would lead to the reform of technology and innovation.

  • With its widespread use of facial recognition, China has installed health-checking robots at more than 2,000 preschools across China.Kids between the ages of 2 and 6 must report to this Walklake robot every morning. The robot uses cameras and an infrared thermometer to look for signs of possible disease, ranging from red eyes or a sore throat to blisters and fevers. It can reportedly carry out these smart health checks in just 3 seconds.

    ——Robots are used to carry out daily health inspections at schools across China, Digital Trends

    Comment

    Nowadays, the robots are widely used in all walks of life. Enterprises should do well in intellectual property work and develop robots with self-reliant IPRs in the course of research and development, which will be a sharpen tool for them to win the competition.

  • Western technology firms increasingly fancy Chinese tech. For the first time last year, in an annual poll by the eu Chamber of Commerce in China, a majority of foreign companies (61%) said that domestic firms were as innovative as European ones, or more so. This year four-fifths of them saw opportunities in Chinese sparkiness.

    ——Western firms increasingly admire—and want—Chinese technology, The Economist

    Comment

    Innovation is the driving force of an enterprise's development. More and more Chinese businesses are aware of the importance of innovation, and put innovation and intellectual property rights in a pivotal position, and even to the height of enterprise strategy.

  • China's Tencent Holdings Ltd is working with its U.S. unit Riot Games to develop a mobile version of 'League of Legends', three sources with knowledge of the matter told Reuters. 'League of Legends' is not doing as well as it used to and so Riot badly needs a new way to monetise the game,' according to Gu Tianyi, an Amsterdum-based analyst with gametracker Newzoo. Gu added, however, it might be hard for 'League of Legends' to achieve the same level of success in China as 'Honour of Kings' without innovation.

    ——Tencent and Riot Games developing mobile version of League of Legends, Reuters

    Comment:

    Tencent has been developing new game products with innovative spirits as a domestic game giant. Only by persistent innovating can Tencent provide users with more new game experiences and make continuous progress.

  • Supreme Italia, which is owned by International Brand Firm Limited, previously held two registered trademarks for "ITSupremeNow" in China, according to records from the China Trade Mark Office (CTMO) database.However, as of last week, these will be revoked following opposition, with the CTMO stripping Supreme Italia of its legal trademark ownership.The move follows legal action by Supreme New York which has accused Supreme Italia of defrauding Chinese consumers and misleading law enforcement, reporters, and even global companies like Samsung by setting up a copycat retail store.

    ——Counterfeit brand Supreme Italia loses registered trademarks in China,The Drum

    Comment:

    In recent years, China attaches increasing importance to protecting IPRs of both domestic and foreign business. The revoking of "ITSupremeNow" trademarks reveals China's determination in this regard. 

  • Robust computer sales helped Lenovo more than triple its quarterly profits, providing a silver lining for China's under-fire technology sector. The Beijing-based company said Thursday that profits attributable to equity holders surged to $118m in the three months to March, compared to just $33m in the year ago period. Fourth quarter profits were also ahead of the $106m figure forecast by analysts polled by Bloomberg. Quarterly revenues of $11.7bn were 10 percent higher year-on-year and a touch above analyst estimates of 11.6 bn.

    ——Lenovo Q4 profit jumps on strong PC sales, Financial Times

    Comment:

    Faced with fierce market competition, Lenovo has been developing innovative products with self-reliant IPRs. Development of new products plays a key role in Lenovo's stellar performance.

  • Huawei put uncertainty over the future of its devices business to one side on Tuesday with the launch of new Honor smartphones, in a confident display of the Chinese firm's technology. George Zhao, president of Huawei's youth -focused brand honor, told hundreds of reporters, bloggers and analysts that he was "really happy to see so many friends". "We will talk and communicate with the world using our products, technology and innovation," he added, as he showed off the Honor 20 Pro, which features four rear cameras, including wide-angle and telephoto, and a 48-megapixel main camera.

    ——Huawei puts Honor above android at new smartphone launch, Reuters

    Comment:

    Innovation is an important basis for enhancing core competitiveness in an enterprise's development. Huawei’s innovative ideas are of significance for the company to participate in market competition.

  • "You no longer need to worry about making the pandas angry by calling them by the wrong name," the Chengdu Research Base of Giant Panda Breeding wrote on Weibo, the Chinese version of Twitter, as it announced its new "giant panda facial recognition" app. Visitors to the panda base in the Sichuan capital of Chengdu, one of China's top tourist attractions, will be able to scan the panda's face with the mobile app to get information about each individual bear.

    ——China Has A New Facial Recognition App — This Time for Pandas, The Washington Post

    Comment:

    With emerging need of market in China, big data and AI have been applied in vast industrial fields to help gather more precise and well-rounded data,and this would promote further application and upgrading for the technology in turn.

  • Shares closed Friday afternoon up at $20.38 per share, giving the stock a market value of $5.6 billion.Luckin is trying to overtake Starbucks as the biggest coffee chain in China. Since it was founded less than two years ago, it has opened 2,370 stores and plans to add 2,500 this year alone. Roughly 90% of its stores are smaller format shops designed for easy pickup and proximity to its customers, in contrast to Starbucks' larger and more homey cafes. 

    ——Luckin Coffee surges as much as 50% in its market debut,CNBC

    Comment:

    Luckin has tried its best to attract new customers as well as investors for simple shop design, location and accurate branding especially in the face of new opportunity of the Chinese market.

  • Alibaba, the Chinese ecommerce group, is overhauling the business model of a fast-growing subsidiary in a bid to offer a full international service able to challenge Amazon, the world's largest online retailer. Trudy Dai, president of Alibaba's wholesale marketplaces division, told the Financial Times that AliExpress- an ecommerce business that sells goods from Chinese retailers to customers in more than 150 countries- is making changes to enable retailers from other countries to also sell products on its platform around the world.

    ——Alibaba steps up competition with Amazon in global ecommerce market, Financial Times

    Comment:

    In a bid to share the global market, Alibaba, one of China's E-commerce giants, has been launching new products and new service to meet customers' need. Its innovative spirit is of importance to develop the international market.

  • China's Huawei Technologies launched on Monday what it said was the world's first 5G communications hardware for the automotive industry, in a sign of its growing ambitions to become a key supplier to the sector for self-driving technology. Huawei said in a statement that the so-called MH5000 module is based on the Balong 5000 5G chip which it launched in January. "Based on this chip, Huawei has developed the world's first 5G car module with high speed and high quality," it said. It launched the module at the Shanghai Autoshow, which began last week and runs until Thursday.

    ——Huawei says launches 'world's first' 5G communications hardware for autos, Reuters

    Comment:

    Huawei has been devoted to developing new technologies with self-owned IPRs in the fierce market competition. Huawei's innovative ideas and awareness of IP protection make it a leading explorer in the field of 5G communications.

  • Even without selling phones in the U.S., Chinese tech titan Huawei is well on its way to becoming the world's largest smartphone maker. Huawei has now cemented itself as the world's second-largest smartphone maker, bumping Apple to third place, according to IDC's latest smartphone shipment report. Huawei's next challenge is to topple Samsung. Huawei reportedly shipped 59.91 million smartphones in the first quarter of the year, an increase of 50.3 percent year-over-year.

    ——There's no stopping Huawei's smartphone growth, MashableAsia

    comment:

    As a Chinese smartphone maker, Huawei has its own ways to show power in design and new innovation. Additionally, Huawei's high-end phones have helped create more brand allegiance for its other many devices.

  • Marriott is counting on innovation in China to help beat off competitors. Last summer, two of its hotels debuted facial recognition technology, allowing guests to check-in within 60 seconds using software from a joint venture with China's intemet company. The technology is still in the pilot stage, but Marriott hopes eventually to roll it out globally.

    ——Marriott's big bet on Asia: 300 new hotels, butlers on WeChat and 60-second check-in,CNN

    Comment:

    China, Marriott's top international market and the world's biggest source of outbound tourists, will get more than half of its new hotels in the region. To win more Chinese customers, the company has been adding new services that appeal to them directly, and guests can enjoy the convenience from the new technology and innovation.

  • Dancing in the public is now a daily routine for hundreds of millions of female retirees in China, a phenomenon that's fueling an emerging market, and Tangdou is one of the players who got in early. Founded four years ago, Tangdou began by offering video tutorials that teach grannies and aunties how to dance but has over time morphed into a one-stop app fulfilling news reading, networking and other needs for its senior users.

    ——Tencent's latest investment is an app that teaches grannies in China to dance, by TechCrunch

    Comment:

    The area of App in square dancing is new blue sea. Before launching a new App, the company needs to protect the intellectual property of names, contents and technology in time in order to avoid the disputes.

  • Liu Zixing craned his neck forward for help with fastening the goggles for his first ever taste of virtual reality. He took a break from the mining ore business to travel to a VR theme park in Nanchang. "It feels like reality," Liu said after shooting down robots in a virtual fighter jet, strapped to a spinning gyroscope lit in purple. "It's just like you're riding in a plane." Since the main commercial market for VR is entertainment, many of China's VR content makers are game developers in Shenzhen or Beijing.

    ——Far from glitzy tech hubs, Chinese city bets big on VR, by The Associated Press

    Comment:

    While vigorously promoting VR technology, VR content manufacturers should not ignore the important role of IPRs, protect their own innovative achievements through IPRs, while respecting others' innovative achievements.

  • Chinese coffee start-up Luckin has raised $150m from investors including US asset manager BlackRock in a funding round which values the company at $2.9bn, as it pushes to overtake Starbucks by number of outlets in China. A private equity fund managed by BlackRock led the funding with $125 million, Luckin said. The company said last year it plans to open 200 to 300 outlets a month, putting it on track to overtake Starbucks, which has over 3,300 locations in China, by the end of this year.

    ——China's Luckin Coffee Raises $150m in Push to Ovetake Starbucks, Financial Times

    Comment:

    In order to build a distinctive brand in coffee market, Luckin has been committed to creating new marketing patterns and experiences. The innovative business ideas of Luckin are of significance to reshape coffee culture in China and attract many young customers as well.

  • Nintendo Co. Shares Jumped after China's Tencent Holdings Ltd. Won approval to distribute one of the company's games for its Switch console, a sign the Japanese company may benefit from growth in the world's largest games market. Tencent recieved approval for the test version of New Super Mario Bros. U Deluxe for the handheld device, according to a notice on the website of China's Guangdong provincial culture and tourism department.

    ——Nintendo Soars as Tencent Wins Switch Game Approval in China, Bloomberg

    Comment:

    In a bid to meet more users' game demand, Tencent has been devoted to developing new technologies as a gaming giant in China. Tencent's innovative ideas and its emphasis on game copyrights protection are important for the company to participate in international market.

  • Baidu, China's version of Google, has invested heavily in autonomous driving technology as the internet giant looks to generate revenue in new ventures outside of its core Internet search business. It plans to unveil the new service within months in Changsha, a city with a population of more than 7m people in Hunan province in southern China, according to local reports which cited Baidu chief executive Robin Li.

    ——Baidu Aims for Commercial Launch of Robotaxis by End of the Year, The Telegraph

    Comment:

    In a bid to seek better opportunities, Baidu has been committed to developing some advanced technologies including core search engine. Due to the technical innovation and the strong awareness of intellectual property protection, Baidu plays a leading role in the same industry.

  • Billionaire Jack Ma's Ant Financial has done more than perhaps any company to disrupt China's gargantuan banking and asset-management industries. Ant's Xiang Hu Bao, which means mutual protection, has attracted 50 million people since its October inception, or more than five times the population of New York City. Ant said Thursday it hopes to sign up 300 million Xiang Hu Bao users within two years, which would represent more than 20 percent of China's population. Ant, best known for the Paypal-like Alipay service that underpins Alibaba Group Holding Ltd.'s online shopping platform, is redesigning financial products from money market funds to consumer credit that have long been dominated by state-owned Chinese behemonths. 

    ——Millions Rush to Join a Wild New Health Plan From Jack Ma's Ant, Bloomberg

    Comment:

    Ant Financial has been devoted to designing and developing financial products with self-reliant IPRs as an internet financial services company. Its innovative business ideas have brought new product services and positive user experience for the customers.

  • One of China's most valuable startups, which uses pop music for its flagship video app, could soon be in a tight spot as its licensing deals with music companies start expiring later this month, according to people with knowledge of the talks. Bytedance Ltd.'s TikTok and Douyin apps allow users to add snippets of music to their own videos—a process that depends on licenses from the three major music companies that collectively control about 80% of music globally.

    ——Music Deals for Bytedance's TikTok and Douyin Are Close to Expiring, the Wall Street Journal

    Comment:

    Many startups in China did not recognize the importance of copyright and other IPRs, which would affect the development of those companies directly. Chinese startups should pay more attention to IP to avoid risk in development.

  • Although inventors in the United States filed more applications than in any other country, China looks set to take the top place this year or next, after a meteoric rise over the past quarter century. China had introduced an equivalent of the U.S. Bayh-Dole Act, ensuring that patents taken out on government-sponsored research were being used, which may have had an influence on Chinese universities' attitude towards commercialising their research.

    ——Huawei leads Asian domination of U.N. patent applications in 2018,Reuters

    Comment:

    Chinese universities are benefited from the extremely strong emphasis on patents utilization and commercialisation driven by the government, playing a critical role in pushing China from the world's second largest country of patent applications to a real IP powerful house.

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