From: http://www.fastcompany.com/most-innovative-companies/2014/industry/china
THERE’S A STUBBORN MEME THAT CLAIMS CHINA HAS NO CULTURE OF INNOVATION. IN ACTUALITY, IT’S SHAPING GLOBAL BUSINESS TRENDS, MOST NOTABLY IN SOCIAL MEDIA. MAMMOTH NETWORKS SUCH AS TENCENT‘S WECHAT, FOR EXAMPLE, ARE NOT SIMPLY FACEBOOK COPYCATS–THEY’VE SPARKED THE MESSAGING WARS OCCURRING ON AMERICAN SOIL AMONG APPS LIKE SNAPCHAT AND KIK, AND CONTRIBUTE BILLIONS TO THE WORLD’S RICHEST COUNTRY.
1. XIAOMI
For launching low-cost, high-quality smart TVs and -phones to steal market share from industry stalwarts.
For making DNA sequencing mass-market.
3. CHINA’S LUXURY BRANDS
For greeting its booming middle and upper classes with distinctly native offerings.
4. HAIER
For letting its 80,000 employees self-organize and oust ineffective leaders—a bold approach to innovating the fridge and microwave business.
5. TENCENT
For pummeling the Chinese social-networking competition and sending chills through Silicon Valley with a 10-terabyte storage offer.
6. GEAK
For making wearable tech closer to vogue with a ring that syncs to phones and shares contacts via fist bump.
7. PHANTOM
For clearing the air in Beijing homes with the app-controlled EcoTower. .
8. BAIDU
For moving from search to smart cameras, giving users their own Internet-enabled monitoring devices.
9. YY
For letting anyone become a star in the world’s most-crowded country.
10. COOTEK
For tapping into user demand for faster typing.
CHINDIA ALERT: You'll be living in their world, very soon 