Chinnovation featured on CNBC

On July 2, 2011, in Books, Chinnovation, by Tan Yinglan

It is widely-believed that China’s entrepreneur has grown and their businesses are succeeding primarily due to their knowledge of the domestic market, quick adaptation to market changes, and their resourcefulness. But innovation? Forget about it.

Well, not quite.

Drawing on a wealth of on-the-ground stories and thorough research, Chinnovation: How Chinese Innovators Are Changing the World shows how Chinese companies of every stripe have dispelled this myth and overcome the barriers to successful, profitable innovation.

How did Neil Shen, co-founder of CTRIP Capital China, see the opportunity for a Chinese travel site? How did Ray Zhang, CEO of Ehi, scale up one of the most innovative hybrid car-rental companies in China? How did Zhang Tao, CEO of Dianping, start a ZAGAT-inspired user-review site for restaurants and establish a continuous process of innovation? Yinglan Tan has spent more than five years learning the secrets of Chinese innovators, a fast-growing subculture playing key roles in China’s transformative transition from “Made in China” to “Innovated in China.” Learn: What is the path that an innovative Chinese private-owned enterprise take? How blue-chip innovators remix business models successfully in China? What are the capabilities that these innovative companies acquire? How they harness the necessary resources and navigate around legal restrictions? How do they attract, train and retain talent? How do these companies experiment with innovative approaches and also manage the risk of innovation? What are the lessons learnt and how would these entrepreneurial innovators advise others who are embarking on the same journey? China’s rapid economic growth has made it a crucial market but multinational corporations are now competing with China’s own homegrown businesses.

Chinnovation: How Chinese Innovators Are Changing The World uncovers the common threads amongst Chinese entrepreneurs as they reach into a wider world.

Key Topics Covered: Chapter 1 Welcome to the World of Chinnovation.

Chapter 2 The Star Innovators’ Call to Adventure: Starting Up: How Star Entrepreneurial Innovators Smell Blood and Meet Market.

Chapter 3 Star Innovators Recognize Scope Innovation.

Chapter 4 Star Innovators Choose the Right People for the Right Jobs.

Chapter 5 Star Innovators Learn from Mistakes and Make Calculated Bets on Cross-Disciplinary Innovation.

Chapter 6 Star Innovators Spread Their Wings: Innovations in Scaling.

Chapter 7 Star Innovators Become Industrial Evolutionists: Maximizing the Returns of Innovation.

Chapter 8 Conclusion.

Author: Yinglan Tan is a Kauffman Fellow and serves on the boards of several innovative growth ventures and venture capital funds in Asia. He was the first director of 3i Venturelab China, a joint-venture between private equity firm 3i (LSE:III) and INSEAD, one of the world’s leading business schools.

Educated at Harvard, Stanford, and Carnegie Mellon, Yinglan is now an Adjunct Assistant Professor at the Nanyang Business School where he teaches in the Masters program in Technopreneurship and Innovation (Chinese). He also works with the Singapore Government to enhance the innovation and enterprise landscape in Singapore.

Yinglan was named one of 100 Leaders of Tomorrow by the St Gallen Symposium in 2010. He is also the praised author of The Way of the VC: Having Top Venture Capitalists on Your Board (Wiley, 2010).

Change at the global factory – Chinnovation Reviewed on Business Today

On June 15, 2011, in Books, Chinnovation, by Tan Yinglan

Innovations in China? Really? To those who know it as the global factory with entrepreneurs skilled at making low-cost copycat products, the combination may sound like an oxymoron. But it would be wise to put presumptions aside while considering a country that is clocking almost 10 per cent GDP growth and that whizzed past Japan last year to establish itself as the world’s second largest economy.

Chinnovation was featured in Business Today: You can see original article here

Chinnovation: How Chinese Innovators are Changing the World
By Yinglan Tan
Publisher: John Wiley & Sons (Asia)
Pages: 290
Price: Rs 1,402

Innovations in China? Really? To those who know it as the global factory with entrepreneurs skilled at making low-cost copycat products, the combination may sound like an oxymoron. But it would be wise to put presumptions aside while considering a country that is clocking almost 10 per cent GDP growth and that whizzed past Japan last year to establish itself as the world’s second largest economy.

Today, multinational business heads are heard worrying if they can ever really capture the Chinese market, the way they have managed to push frontiers in other regions. Local players, seasoned under the tough conditions of the past and the country’s state-directed capitalism, are really the ones who rule. Transnational Chinese firms such as Lenovo, Huawei and Alibaba, among others, are assiduously building global clout, while local players control the domestic terrain.

Coca-Cola ran into rough weather in its attempt to acquire Chinese juice player Huiyuan, though it was willing to cough up as much as $2.3 billion. So, what is it that the Chinese do, that continues to fox outsiders? Two advantages local companies have – especially media and technology companies – are state enforced curbs on the entry of foreign firms in these sectors – as well as their own familiarity with the Chinese language. This is a country where Facebook has only around 300 million active users, while QQ, mainland China’s most popular free instant messaging computer programme, has over 500 million. Facebook has only recently become profitable, while QQ has over $1 billion in profit.

The signs of innovation are everywhere. Chinese companies have been aggressively filing patents. An official document of the State Intellectual Property Office of China, released last year, called National Patent Development Strategy (2011-20), reveals impressive patent filing targets: as many as two million patents by 2015. There are fears that it will soon be filing more patents than the United States.

Given the context, it is clear that Yinglan Tan has been sharp in timing the release of his book, Chinnovation – How Chinese Innovators are Changing the World. He has impressive credentials: a Kauffman Fellow, he serves on the boards of several innovative growth ventures in Asia. He was the first director of 3i Venturelab China, a joint venture between private equity firm 3i and INSEAD. He has studied the enterprise space in China in detail, and spliced through various models of Chinese business successes.

But innovation means different things to different people. It could simply be getting firstto-the-market, it could be process-related, it could involve re-engineering or branding. The author has considered both players who have ‘done the same thing in a new way (process)’ and those who have ‘done new things by creating a product or service’. He has also accounted for the success of the large-scale ‘ripping’ (or copycat) models.

The book also provides interesting business facets relating to China, which, says Tan, can even assist companies in their recruitment efforts in that country. Last word: if you are seeking information about radical shakeups in China from this book, you will be disappointed. But for those who want to know anything and everything about China, this book is useful.

Unveiling Chinnovation – Rush to claim $1,000,000 in prizes

On December 18, 2010, in Books, Chinnovation, by Tan Yinglan

My new book is finally here. Chinnovation: How Chinese Innovators are Changing the World

I could not be happier with the end product. Truly, I am ecstatic.

Chinnovation - How Chinese Innovators Are Changing The World

I have set myself a goal to challenge the New York Times bestseller list and to reward my loyal supporters for their endearing love: so, here are the deals.

In a nutshell,

  • Basics: Buy 1 book (cost $19) and receive $120 in bonuses
  • Incremental Chinnovator: Buy 3 books (cost $57) and receive $250 in bonuses
  • Disruptive Chinnovator: Buy 10 books (cost $190) and receive $1025 in bonuses
  • Uber Chinnovator: Buy 5000 books or best promoter of Chinnovation wins a chance of a lifetime 5-day exclusive trip to China.

Continue reading: It gets better and better.

Basics: Buy 1 book (Cost $19, Bonuses $120)

Spots: Unlimited spots available

– Digital Copy of Chinnovating Your Life ($29.95)

Total value: $120 (for a $16 book)

INSTRUCTIONS:

  1. Buy one copy at either Barnes & Nobles or Amazon.
  2. Fill out this form

Incremental Chinnovator: Buy 3 book (Cost $57, Bonuses $250)

Spots: 5000 spots available

-New Venture Creation Course by Tan Yinglan, Nanyang Business School Professor and Praised Author ($100)
– Complimentary Invites to by-invitation-only Founderspace events (Priceless). Founders Space brings together founders, angels, VCs, advisors & innovators to help startups rock the world.
Valuator (On Ipad and Iphone) – The only app on ITunes which calculate the value of your company ($1.99)
Total value: $250 (for a $57 in books)

INSTRUCTIONS:

  1. Buy one copy at either Barnes & Nobles or Amazon.
  2. Fill out this form

Disruptive Chinnovator: Buy 10 book (Cost $190, Bonuses $1025)

Spots: 1000 spots available

– One-year Video-Call (without roam and call charges) from top-secret stealth startup (>$300)
– Doing Business in China Course + New Venture Creation Course by Tan Yinglan, Nanyang Business School Professor and Praised Author ($250)
Diamond TV ATI-Theatre USB TV Tuner. Most popular Chinnovation product. TV-on-the-GO Watch TV where you want ($100)
– Complimentary Package of Venture-Funded Business Plans. Unravel the secret of dazzling VCs ($125)- 1 hour Q&A with Tan Yinglan (Priceless)
– Featuring you / your company on Mcgraw-Hill Textbook New Venture Creation (Priceless and Timeless)
– Complimentary Invites to by-invitation-only Founderspace events (Priceless). Founders Space brings together founders, angels, VCs, advisors & innovators to help startups rock the world.
Valuator (On Ipad and Iphone) – The only app on ITunes which calculate the value of your company ($1.99)
How to Creatively Finance Your Startup System ($49.95)
– Digital Copy of Way Of The VC – Top Venture Capitalists On Your Board ($21.84)

– Digital Copy of Chinnovating Your Life ($29.95)
Total value: $1025 (for a $190 in books)

INSTRUCTIONS:

  1. Buy one copy at either Barnes & Nobles or Amazon.
  2. Fill out this form

Spots: 2 spots available

5-day once-in-a-lifetime adventure in China

EDUCATION

Hear from the world’s leading faculties from Peking University, Fudan University, Tsinghua University, as well as senior Chinese government and business leaders on winning business strategies in China. Learn concepts and topics such as:

  • Building a heightened awareness of the political, cultural, social, and economic issues facing Chinese companies in global markets.
  • Acquire the frameworks to develop and implement strategies that help you reinvent yourselves and stay ahead of the competition.
  • Formulating and administering a successful China strategy in the face of economic uncertainty and fierce competition. This will also be an invaluable opportunity to establish a privileged network of peers from leading companies!

BUSINESS MATCHING

  • Engage in exclusive meetings with government leaders and senior executives of China state-owned and private enterprises. From high profile, young executives taking companies public to mainland entrepreneurs who are redefining the business landscape, have you ever wonder: (i) How did Richard Chang, CEO of SMIC, managed risk and diversified its product its product line to catch up with its competitors? (ii) How did Zhang Tao, CEO of Dianping, start a ZAGAT-inspired user-review site for restaurants and establish a continuous process of innovation?
  • Here is your chance to explore “Chinovation” and get your answers straight from the lion’s (or the dragon’s) mouth.

VIP TRAVEL

  • Experience China like never before. Tour highlights include imperial palaces, ancient temples, colonial-era architecture, water gardens, rustic villages, local markets and stunning landscapes to help you gain a holistic appreciation of this 5000-year old civilization of 1.3 billion people, both culturally and historically.
Also includes roundtrip economy airfare from and back to the U.S. (or comparable destination)
I’m almost 100% that I’ll be there to show you around.

If you want to go for the gold, get amped and promote Chinnovation best by 1 Feb 2011 and tell me what you did in the comments. Measure your impact (clicks, sales, etc.) whenever possible.

If you are the best promoter, judged by me and a panel of friends, you get to go to China for one trip of a lifetime… for free. I will almost definitely be in attendance.

Date: March 2011 or based on your availability
Also includes:

– One-year Video-Call (without roam and call charges) from top-secret stealth startup (>$300)
– Doing Business in China Course + New Venture Creation Course by Tan Yinglan, Nanyang Business School Professor and Praised Author ($250)
Diamond TV ATI-Theatre USB TV Tuner. Most popular Chinnovation product. TV-on-the-GO Watch TV where you want ($100)
– Premium membership for Angel Connex, a startup in stealth mode which has a proprietary technology to raise funds for high potential startups ($150)
– Complimentary Package of Venture-Funded Business Plans. Unravel the secret of dazzling VCs ($125)
– 1 hour Q&A with Tan Yinglan (Priceless)
– Featuring you / your company on Mcgraw-Hill Textbook New Venture Creation (Priceless and Timeless)
– Complimentary Invites to by-invitation-only Founderspace events (Priceless). Founders Space brings together founders, angels, VCs, advisors & innovators to help startups rock the world.
Valuator (On Ipad and Iphone) – The only app on ITunes which calculate the value of your company ($1.99)
How to Creatively Finance Your Startup System ($49.95)
– Digital Copy of Way Of The VC – Top Venture Capitalists On Your Board ($21.84)

– Digital Copy of Chinnovating Your Life ($29.95)
Total value: Priceless (for 5000 books or best promoter of Chinnovation)

INSTRUCTIONS:

  1. Buy 5000 copies at either Barnes & Nobles or Amazon.
  2. Fill out this form. Done.

Weboy