How Tech Adoption Fuels China’s Innovation Boom

Zak Dychtwald, founder of the advisory firm Young China Group, believes that the perception of China as a copycat and not an innovator is outdated. Instead, he argues the willingness of Chinese consumers to try new things is powering the country’s new innovation economy. Technology adoption rates in areas such as mobile payment are extremely high. He says non-Chinese companies can learn important lessons from this rapidly changing market and potentially use it to jump-start their own innovation engines. Dychtwald is the author of the HBR article "China’s New Innovation Advantage."

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[HBR IdeaCast podcast series]

HBR IdeaCast
Episode 791

How Tech Adoption Fuels China’s Innovation Boom

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A conversation with Young China Group’s Zak Dychtwald on the secret behind China’s explosive business growth.

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May 04, 2021

Zak Dychtwald, founder of the advisory firm Young China Group, believes that the perception of China as a copycat and not an innovator is outdated. Instead, he argues the willingness of Chinese consumers to try new things is powering the country’s new innovation economy. Technology adoption rates in areas such as mobile payment are extremely high. He says non-Chinese companies can learn important lessons from this rapidly changing market and potentially use it to jump-start their own innovation engines. Dychtwald is the author of the HBR article “China’s New Innovation Advantage.”

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This article is about INNOVATION

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Related Topics:

• Technology and analytics

• Globalization

• Asia

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