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China's Disruptors
How Chinese Entrepreneurs–like Baidu,
Alibaba, & Tencent–are Changing China
(and Rest of the world)
China's Disruptors
How Chinese Entrepreneurs–like Baidu, Alibaba,
& Tencent–are Changing China
(and Rest of the world)
• former Senior Partner & Chairman Greater China, Booz & Co.
80 5,000
70 4,500
4,000
60
3,500
50 3,000
40 2,500
30 2,000
1,500
20
1,000
10 500
0 0
1998 ‘00 ‘02 ‘04 ‘06 ‘08 ‘10 ‘12 1998 ‘00 ‘02 ‘04 ‘06 ‘08 ‘10 ‘12
‘99 ‘01 ‘03 ‘05 ‘07 ‘09 ‘11 2013 ‘99 ‘01 ‘03 ‘05 ‘07 ‘09 ‘11 2013
First generation Responses to Deng Emergence of the BATs Inflection point Post 80’s, Post 90’s
Chinese entrepreneurs Xiaoping’s § “Grassroot” entrepreneurs § Entrepreneur-ship began to § More “Why not me?”
§ Little experience encouragement § Some overseas returnees take off § “Why not?”
§ Little training and education § Many ex-Govt officials § Began to embrace the § “Why not me?” § “What failure?”
§ Little legal framework § “Jumping” into the sea internet § Acceleration
§ High risks of failure
Liu Chuanzhi Liu Yonghao Chen Guo Jack Ma Pony Ma Lei Jun Richard Liu Mao Wenchao Wang Tao
Lenovo New Hope Dongsheng Guangchang Alibaba Tencent Xiaomi JD.com Xiaohongshu DJI
Taikang Life Fosun
Ren Zhengfei Xu Lianjie Tian Yuan Wang Shi Robin Li Charles Zhang Zhou Hongyi Wang Jingbo Cheng Wei Li Xiang
Huawei Heng An CFA Vanke Baidu Sohu Qihoo 360 Noah Wealth Didi Autohome
Management
Pre-1990’s Early 1990’s – Late 1990’s Late 1990’s – Early 2000’s Early 2000’s – Late 2000’s Late 2000’s –Present
Note: *Combined MAU of Weixin and WeChat; Numbers are latest published figures
Source: Gao Feng Analysis Source: CNNIC; Literature Research; Gao Feng analysis
Jump
Competencies or not?
Capability
Self-defined, Gaps
confined
boundaries
Current
Competencies
Random business clusters
Dec 2015
Dec 2015
Jan 2016
Jack Ma Pony Ma Robin Li Lei Jun Richard Liu Diane Wang Wang Tao Wang Jian Chen Haibin - Wu Gang
- Alibaba - Tencent - Baidu - Xiaomi - JD.com - DHGate - DJI - BGI DIAN - Goldwind
Diagnostics
Zong Qinghou Liu Chuanzhi Zhang Ruimin Wei Jianjun Li Shufu Jean Liu Zhou Hang Wang Jingbo Ma Mingzhe Peng Lei
- Wahaha - Lenovo - Haier - Great Wall - Geely - Didi - Yidao - Noah Wealth - Pingan - Ant Financial
Management
2009 2010 2011 2012 2013 2014 2015 2016 WhatsApp WeChat
Competency
Gaps
Current
Competencies
Source: Gao Feng Analysis
“
“ Five of the best new books on innovation
– China’s Disruptors’ public recognition
by Fortune.com, April 2015
THANK
management issues
§ Our behavior is led by our values
− We put our clients’ interest first and foremost
− We are objective and we view our client engagements as long-term
YOU
relationships rather than one-off projects
− We view our people as strategic assets and not merely “units of
capacity”
− We believe that every member of our team can contribute to problem
solving for our clients, from the most senior to the most junior
§ Our seniors are former senior consultants at leading management
consulting firms and/or senior executives at large corporations