Ten years ago, if I typed “Chinese startups” into a search engine, one phrase would come up more than any other to reflect a belief that many people shared: “Copy to China.” Five years later, despite how the outside world looked at China, the Chinese internet industry began to realize just how innovative Chinese technology really was.
If “Made in China” once represented cheap and inferior quality, then the globalization of China’s “Big Four” domestic brands Huawei, Xiami, OPPO, and VIVO has shifted the term to represent sustainable and inexpensive.
But the emergence of Mobike and ofo in the O2O and shared economy sector, Hema and Alipay in new retail, and a WeChat-centered super-ecosystem has made China’s innovation unique in the global market.
Today’s Chinese companies and capital are not only focused on China, but on the global market.
Shenzhen’s innovation has undergone its first reshaping, from “copycat” to the “Silicon Valley of Hardware.” Now, it’s undergoing a second reshaping: Huawei/OPPO/VIVO are already the backbone of the global mobile phone industry, and the industrial design concept empowers tradition.
Therefore, this year we are once again coming to Shenzhen, the Chinese city that best reflects “reshaping and innovation.”