As hot topics like trade war and so-called capital winter dominate headlines, corporations continue to engage Chinese startups. Some are in fact increasing their “open innovation” efforts, or the practice of looking outside their organizations for new ideas. Many people do not realize that working with startups is rapidly becoming common for all sorts of corporations and can be observed in many industries across China.
Why do massive corporations work with tiny startups in the first place? How exactly are they doing so? And which corporations are currently active in this space?
The infographic below addresses these foundational questions, providing an overview of the state of play between corporations and startups in China today.