CHINICT
CHINICT is an annual conference taking place in China pioneering the - "chinization" of global tech entrepreneurship & innovation - and, offering fast-growing & leading tech corporations a platform to promote, network, and inspire.
CHINICT is supported by major players in the tech entrepreneurship sector, including Microsoft, Nasdaq, Intel Capital, Sequoia Capital, SoftBank, Matrix Partners, Sun Microsystems, SINA Corporation, Netease, Tencent, Baidu, Kong Zhong, Alibaba, Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers, Steamboat Ventures, London Stock Exchange, Shanghai Stock Exchange, NYSE Euronext, the US IT Organization, the US Department of Commerce, the European Commission, Torch-Innofund and the Beijing Municipality.
== "Chinization" of global tech entrepreneurship & innovation ==
China is fast becoming a key location for tech entrepreneurship and innovation - in a similar fashion Silicon Valley has been so far. This societal and business phenomenon is called "chinization" of global tech entrepreneurship and innovation.
In recent years, the "chinization" of global tech entrepreneurship and innovation has been gaining momentum in terms of:
• Company valuation and access to capital - as valuation of Chinese tech companies and access to capital on private and public markets are coming close to their Silicon Valley counterparts; Chinese online gaming company Changyou successful IPO on Nasdaq, in the midst of the 2008 economic downturn, is an example of this trend;
• Growth - sustained by a booming domestic market; one example is Chinese social networking company Kaixin001 - whose record expansion is unprecedented in online business;
• Technological innovation; the Chinese government has been supporting tech innovation of global significance - by emphasizing the development of indigenous tech standards of global reach; as examples of Chinese tech innovation, companies such as Tencent, pioneer the trade of virtual goods, while corporations such as Huawei and Lenovo have already emerged on the global scene as tech leaders.
CHINICT is supported by major players in the tech entrepreneurship sector, including Microsoft, Nasdaq, Intel Capital, Sequoia Capital, SoftBank, Matrix Partners, Sun Microsystems, SINA Corporation, Netease, Tencent, Baidu, Kong Zhong, Alibaba, Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers, Steamboat Ventures, London Stock Exchange, Shanghai Stock Exchange, NYSE Euronext, the US IT Organization, the US Department of Commerce, the European Commission, Torch-Innofund and the Beijing Municipality.
== "Chinization" of global tech entrepreneurship & innovation ==
China is fast becoming a key location for tech entrepreneurship and innovation - in a similar fashion Silicon Valley has been so far. This societal and business phenomenon is called "chinization" of global tech entrepreneurship and innovation.
In recent years, the "chinization" of global tech entrepreneurship and innovation has been gaining momentum in terms of:
• Company valuation and access to capital - as valuation of Chinese tech companies and access to capital on private and public markets are coming close to their Silicon Valley counterparts; Chinese online gaming company Changyou successful IPO on Nasdaq, in the midst of the 2008 economic downturn, is an example of this trend;
• Growth - sustained by a booming domestic market; one example is Chinese social networking company Kaixin001 - whose record expansion is unprecedented in online business;
• Technological innovation; the Chinese government has been supporting tech innovation of global significance - by emphasizing the development of indigenous tech standards of global reach; as examples of Chinese tech innovation, companies such as Tencent, pioneer the trade of virtual goods, while corporations such as Huawei and Lenovo have already emerged on the global scene as tech leaders.
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