China’s street vendor economy: A band-aid or permanent solution for post-COVID-19 unemployment?

China's street vendor economy

China’s street vendor economy transfers earnings from the store owners to lower-income people. In contrast to the blue-ocean strategy,  which creates significant economic value with innovative or disruptive solutions, street vendors use existing business models while cutting operation costs. It will not make people rich, but it is effective at turning unemployed people into self-employed […]

Open Innovation: Transforming your Business in China | Daxue Consulting

Smart Shopping in China

Open innovation (OI) is the process of integrating external expertise into the innovation processes of a company or organization. The overall purpose of implementing an open innovation strategy is for companies to take advantage of external ideas, resources, and market channels in order to advance their own technology and products. It essentially enhances a firm’s […]