One thing no Chinese tech co suffers from is the innovator’s dilemma. They’re obsessed with disrupting themselves bc disruption has been the norm in China, esp tech, in the last 4 decades. As McKinsey head of greater China said on a panel I hosted last month ...
Nowhere else in the world do they get so many of their clients asking a single question: what’s next? It’s obsessively forward looking That goes for all industries. Ask my cohost @_YingLu, that’s what her clients are asking for too.
And I don’t mean like companies looking at adjacent sectors I mean companies looking at “what EVER is next.” Ex: I helped a well known clothing manufacturer find biotech GPs to invest into 5 yrs ago. By then, they’d already decided to invest heavily in fintech (3 yrs by then!).
This shows up in the consumer behavior as well (as per @zakdychtwald article below) but it most *definitely* shows up in the entrepreneur mindset.
https://twitter.com/ruima/status/1382759937248399363
And sure yeah I’ve complained this can mean lack of focus & “too much opportunistic behavior” but this is all a matter of moderating to the right degree. Find the team that is balancing this to your liking and place your bets there.
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