Financial Times Chinese Edition: Silicon Valley model and DiDi acquiring Uber

2016-08-05

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In recent years, scientific and technological innovation has received unprecedented attention in China. Both government and entrepreneurs take Silicon Valley as the role model. Similarly, for tech companies in the Silicon Valley, China is an important but ‘mysterious’ market. As an analysis article on the British “Financial Times” said, “lots of US internet companies wanted to conquer the Chinese market ultimately were unable to ‘crack the password there’ and failed to survive in China.” During the last few decades, Silicon Valley has always been the “Holy Land” of scientific and technological innovation. Almost every country or region considering scientific and technological innovation as its future, wants to reproduce the miracle of the Silicon Valley, including China. Then, is it possible to replicate the Silicon Valley model in China? As indigenous companies rose and thrived in China, how can foreign internet companies compete effectively in Chinese market? On August 3rd, 2016, in a conference held by Financial Times Chinese Edition and Robert H. Smith school of business, University of Maryland, Prof. Can Huang was invited to discuss with Prof. Anil K. Gupta from Robert H. Smith school of business, University of Maryland. Prof. Can Huang, Prof. Anil K. Gupta, and Mr. Bingzhong Tan, former partner of Fidelity Fund and founder of Venturous, participated in a roundtable discussion on this topic. This conference is hosted by Mr. Nan Wu, CEO of the English technology news website “All China Tech”. Prof. Can Huang argued that China cannot totally copy Silicon Valley, but what China should do is creating its distinguishing features. If Chinese tech companies are able to go global, they will change the landscape of global technology industries.