Editor’s note: This article is produced in cooperation with Merck Holding (China). We believe in transparency in our publishing and monetization model. Read more here.

International business groups, for the most part, reflect their development histories, strength in capital accumulation, and ability to take a global perspective of the industrial landscape. They are the best in their field, and often the symbol of their industries. However, not all international business groups can retain leadership, especially in the face of new developments.

From new retail sales to mobile payments, across big data and artificial intelligence, China has become a competitive market for international business groups and companies alike as an emerging location for innovation. Learning how to adapt to the new environment in China, to achieve greater success, has become a challenge that traditional leaders are required to re-examine. In response to this problem, the Merck Group shared its approach at TechCrunch Shenzhen 2018.

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Wang Boyuan

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