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Innovation Models in China
[ The 5C™ of Innovation ]
Benjamin Joffe, CEO | Plus Eight Star | Beijing, 2009.06
Benjamin Joffe
4 years
1 year
4 years
Innovation Arbitrage
China | Japan | Korea
+8* and Me
– Worked in mobile SNS in Japan in 2003
• With avatars, virtual goods and GPS!
– Advise leading companies worldwide
• MIH (China/S.Africa | Largest shareholder of Tencent)
• DeNA (Japan | Mobile Game Town)
• IMVU (US | 3D chat / virtual world)
– First commercial report on Tencent “Inside QQ”
– Work with China-based 3D social gaming
startup
– Co-Founded Mobile Monday in Beijing
Here is the plan
1 Exogenous innovation
2 .What is innovation?
3 .The 5C™ of Innovation
4 .Some things we think are
cool
5 .What if all this was
irrelevant?
1
Exogenous Innovation
When was it invented?
Europe
Gutemberg | ~1450
Korea
Metal | ~1230
China
Wooden | ~1040
Who came first?
Where do you get inspiration
from?
Innovations are bound to
happen
2
What is innovation?
Technology?
e.g. LAMP stack
(Linux / Apache / MySQL / PHP)
+ HTML / Flash / AJAX…
Largely commoditized…
Makes money?
Tons of users?
Most start with zero
(is innovation a popular vote?)
Speak English?
Some things
Some things
going on
going on
here
here
A
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