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How China’s innovation strategy is redefining global business

Daryl Guppy
Daryl Guppy • 5 min read
How China’s innovation strategy is redefining global business
The Chinese approach offers a new model for business development. Photo: Bloomberg
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Chinese companies are setting a new global business model, exemplified by the role-playing game Black Myth: Wukong. Inspired by the classic Chinese novel Journey to the West, this game highlights China’s rich heritage and engages a worldwide audience, reflecting an innovative approach supporting domestic and international business growth.

Often, we think of innovation as synonymous with invention, which rests on research and development. Certainly, innovation can come from new inventions, but most innovation comes from applying new inventions.

The handphone is not just a smaller telephone. The innovation of adding smartphone features has completely changed the social and commercial environment. WeChat did not invent the smartphone but innovated on this platform to expand the possibilities.

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