China's IP in Foreign Eyes

  • The evolving nature of China's biotech industry, especially when it comes to the "biologic" drugs has become a hotbed of cancer therapy innovation. About half of the biggest, global biopharma IPOs last year occurred in China. This presents a major shift for China. In the past, China, traditionally, had been much more focused on the generic market. That's changing. They want to go from becoming just a manufacturer to a true innovator. 

    ——How China Is Transforming the Biotech Industry: Brainstorm Health, by Fortune

    Comment:

    Chinese companies must attach importance to patent protection, so as to achieve breakthrough in biotechnology sector, which not only gives a good protection for IPR-reliant products, but also effectively competes with domestic and foreign competitors.

  • All over Africa, in its clogged cities and fast-changing towns and villages, buildings are painted in Tecno blue and billboards offer the allure of the Tecno brand. What is Tecno, you may ask? Tecno is an Africa-specific brand created by Transsion, a Shenzhen-based handset manufacturer. Last year, Transsion sold more than 100m handsets.

    ——China is Cornering Africa's Ecommerce Market, by Financial Times

    Comment:

    In recent years, the number of patent infringement affairs of Chinese companies has shown obviously ascending trend in their push abroad. So they should build up the patent portfolio according to their own business and beef up IP protection.

  • China's massive investment in AI is changing the entire world at an accelerating rate. Just like climate change is accelerating, so is AI. China is already ahead in super apps, facial recognition, app ecosystems, E-commerce, payments and online to offline retail (o2o). China is, for all intents and purposes, playing a much longer game with the future of artificial intelligence. 

    ——China's Artificial Intelligence is Fueling Innovation, by Forbes

    Comment:

    Amid of the rapid development and wide use of AI technology, many countries have been beefing up IP protection on this regard. Chinese business should take a patent portfolio-based approach for venturing out.

  • An impactful report by the Council on Foreign Relations underscores that the U.S. risks losing its worldwide innovation leadership to China. A narrowing gap between the U.S. and China in technology innovation leadership is a trend. National R&D spending is just one significant element of China's rise that I document in my book, which demonstrates how China's tech sector is challenging the world by innovating faster, working harder and going global. 

    ——A Sputnik Moment For The U.S. As China Forges Ahead In Tech Innovation, by Reuters

    Comment:

    S&T is the invisible battlefield between great powers. In recent years, China is becoming a leader in innovation, reflecting by the facts that the Chinese government attaching importance on the protection of IPRs and promoting S&T innovation.

  • The Daxing is built for the future, boasting four runways and a terminal the size of 97 soccer pitches upon opening of the first phase. The ambitious master plan calls for the building of a total of seven runways, and moving at least 100 million passengers and 4 million tons of cargo a year through the airport. Five concourses connected to a main hall, Daxing aims to reduce walking for passengers, long a complaint about many new mega-hubs. The distance of between security checkpoints and the remotest gates is no more than 600 meters -- about eight minutes of walking. 

    ——Beijing Daxing International Airport: China's new mega-airport ready to open, CNN

    Comment:

    Beijing Daxing International Airport has attracted worldwide attention, which can not only improve people's life, but also show great strength in innovation.

  • One early investment by the Silk Road Fund, a government established fund to promote development along the Belt and Road, is the renewable energy arm of Saudi Arabia's ACWA Power. China's portfolio of clean energy projects in the region continues to expand. As an increasing source of carbon emissions and a region traditionally reluctant to move away from fossil fuels, China's activities could have an important and significant impact on economic growth and lower pollution rates in the region.

    ——China's Growing "Green" Engagement in MENA, The Diplomat

    Comment:

    The Belt and Road initiative has provided favorable climate for Chinese enterprises venturing out. As Chinese business is becoming powerful in the field of clean energy, the company should file patent application in targeted field; so as to safeguard their rights in overseas markets.

  • Didi Chuxing ("DiDi"), the leading multi-modal transportation platform, today launched DiDi Engine, a Digital Innovators Initiative aiming to train young technology talents, build R&D capacities and develop "AI for Social Good” projects in DiDi's expanding international markets. Didi Engine is rolling out from Latin America and will feature joint labs and research programs with research institutions, technology fellowships and internship programs for young innovators, and app & software development projects. In phase one, the initiative also includes a joint lab in Santiago between DiDi and the University of Chile on AI and engineering research. 

    ——DiDi Chuxing Launches Global Digital Innovators Initiative, YAHOO

    Comment:

    DiDi has built up strong technical power through independent innovation in the ultra-competitive market. The launch of DiDi Engine will enable the company to develop global market through innovative advantages. 

  • Alibaba, along with Yunfeng Financial, an investment group backed by Alibaba founder Jack Ma, have entered into an agreement to invest approximately $700 million in NetEase Cloud Music as part of its latest funding round. Founded in 2013, NetEase Cloud Music boasts over 800 million registered users. The streaming service partnered with Alibaba's own service , Xiami, last year in an effort to share their content libraries. "Alibaba also looks forward to becoming a partner in the future development of NetEase Cloud Music and exploring innovative collaboration in the digital entertainment space," added Daniel Zhang, CEO of Alibaba Group. 

    ——Alibaba to Acquire Minority stake in NetEase Cloud Music Streaming Service, Billboard

    Comment:

    In recent years, music streaming services have been gaining more users through copyrights. Alibaba's collaboration with Net Ease Cloud Music this time will create more benefits by sharing copyrights. 

  • Nasdaq-listed Luckin Coffee is giving its teas their own branded stores, with a focus on smaller Chinese cities, as the rapidly expanding chain seeks new avenues of growth. The company, which introduced its Luckin Tea drinks in April, will initially open independently branded stores under that name in such leisure settings as shopping malls in second-through fourth-tier cities. "We will continue to maintain the high growth of the coffee business, while taking the tea drinks as another important driver to further explore the breadth and depth of the market,"Luckin Coffee Chief Operating Officer Liu Jian said in a statement Tuesday. 

    ——Luckin Coffee hatches Luckin Tea, for China's smaller cities, NIKKEI

    Comment:

    Luckin has been building its brand by promoting new products or rolling out new services in ahyper-competitive market. Its move into freshly brewed tea reveals the company's branding strategy with an innovative spirit.

  • Chinese ride-hailing giant Didi Chuxing plans to start using self-driving vehicles to pick up passengers in a district of Shanghai city in a pilot scheme, the firm's Chief Technology Officer Zhang Bo, a senoir executive said, taking a further step toward commercializing self-driving technology. The cars will still be staffed with a human driver, he said, adding that over 30 different types of car models will be offered in the pilot service, all eqipped with so-called Level-4 autonomous driving capabilities. The trip distance can exceed 10 kilometers. 

    ——China's Didi Chuxing to launch self-driving pickup service in Shanghai, Reuters

    Comment:

    Didi has been attacking autonomous driving with innovative spirit. The pilot scheme of self-driving vehicles will enable it to navigate its own path in this cutting-edge field. 

  • "Security robots can be used in high-end neighborhoods, commercial and office buildings, industrial parks, and shopping malls. They can replace human guards to do the patrolling," in an AFP- English NEWSLOOK radio news, a Chinese researcher from smart robot company said on the Beijing's Robot conference. During the conference, robot technology fanatics flock to the activity. 

    ——Robots rule at Beijing expo, USA Today

    Comment:

    With the continuous advancement of China's intelligent manufacturing technology, Chinese companies have gradually gained more attention to the development and innovation of applied intelligent robots, and thus expanded the larger market.

  • Didi, which first started as a competitor to Uber (UBER) in 2012, has increasingly diversified its business in recent years, partnering with automakers to develop connected car technology and even creating a spin-off app solely for auto services. The Chinese auto services sector is "a large market that hasn't been deeply digitally transformed," said Yu Xue, an internet research manager at IDC China. Didi's latest move is "a key step" to explore the space and branch out from its flagship operations, he added.

    ——Didi wants to help millions of drivers power their electric cars,CNN

    Comment:

    With perfect platform services and strong brand influence, Didi has gained a foothold in the shared economy market and is therefore able to enter the automotive service industry successfully.

  • Popular Chinese messaging app WeChat, with a user base exceeding 1.1 billion, has unveiled a new version of the app specifically for automobiles. The in-car app will allow drivers to keep updated with messages even when they are driving. Tencent's in-car WeChat platform is aimed at improving road safety by minimising the chance for drivers to stare at their phone screens while they are on the road, the company said. The new car-friendly app, which can be operated through voice control, will allow car drivers to operate the app through voice commands or the use of steering wheel buttons to check unread messages, send new messages, as well as make WeChat calls, technology giant Tencent said in a joint announcement with Chinese carmaker China Chang'an Automobile Group this week.

    ——Tencent's messaging app WeChat now available for cars, ZDNet

    Comment:

    Tencent has been fine-tuning WeChat since its release years back. The launch of the in-car app represents Tencent's ambition to expand  market through innovative power.

  • Chinese budget smartphone maker Transsion is already dominating Africa with its Tecno brand. Now it's ready to raise its profile even more by joining China's splashy new market for tech stocks. The Shenzhen-based company said this week that it got the preliminary green light to list shares on the Star Market, China's answer to the Nasdaq. An IPO could push Transsion's valuation above $4 billion.

    ——Africa's favorite smartphone maker wants in on China's hot new tech market, CNN

    Comment:

    China's favorable climate for technology and innovation enable Chinese tech companies to fit comfortably in the target market and attract more local investors. 

  • A laundry service in Wuhan, central China, will implant microchips into bed sheets, towels and quilts, which can be read by guests' cell phones to reveal the date of their last clean. Chips will be placed in the corner of the products by Wuhan Kunteng Laundry, which will provide cleaning services for many of the city's hotels and hostels, Chinese state-run media outlet Xinhua reported.

    ——Chinese city introduces hotel sheets that tell you when they were last washed, CNN

    Comment:

    The innovation is the latest in a wave of technological advancements sweeping through Chinese hotels. Based on the technology specializing in internet search services and artificial intelligence, Chinese hotels are becoming more popular with tourists. 

  • 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.

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