Archive for the ‘innovation’ Category

China’s private firms set sights on rest of world

March 16, 2008
Amid the torrent of clothes, electronics and toys surging out of China comes a little-noticed export: international companies.

For centuries, individual Chinese have sought their fortunes abroad, creating Chinatowns around their restaurants and shops. Now, Chinese firms are going global, pushed by a government embracing capitalism, pulled by untapped markets and armed with bundles of money from a thriving economy back home.

Auto plants are popping up in Latin America. A sprawling commodity bazaar promises a provincial Swedish city new life. A car parts distributor is snapping up ailing companies in the U.S. Rust Belt, a TV factory hums in South Africa and a high-tech firm is landing contracts to revamp the Persian Gulf’s telecommunication networks.

Just as the earlier arrival of Japanese companies changed U.S. manufacturing, over time Chinese companies could affect how their Western rivals approach innovation, competition and business itself.

Read the rest:
http://www.usatoday.com/money/world/2008-03-16-chinarising_N.htm?csp=34

Chinese Tech Boom: Impressive in All But Profits

January 2, 2008

By Ariana Eunjung Cha
Washington Post Foreign Service
Friday, December 28, 2007; Page A01

SHANGHAI — For entrepreneur Gary Wang, the next new thing in China is a place where the country’s growing middle class, or “couch potatoes,” can watch free videos to their hearts’ content. His company’s Web site, Tudou (Chinese for potato), has become insanely popular insanely fast — more than 15 million users as of this month — and Wang dreams of the day when the company will have an IPO.

Flush with $30 million in venture capital, Wang has hired 95 employees, engineered a slick Web site and leased thousands of computer servers across the country.

But there’s one thing the company hasn’t managed to do: make a profit.

Wang’s company is typical of China’s dot-com boom.

Read the rest:
http://www.washingtonpost.com/wp-dyn/content/article/2007/12/27/AR2007122702263.html