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WEF Session 2019: Peggy Choi on “China in Depth: Innovating Outward”

For the second consecutive year, our Co-Founder and CEO, Peggy Choi, represented Lynk Global, Knowledge-as-a-Service platform pioneer at the World Economic Forum Annual Meeting of the New Champions 2019 in Dalian, China. She was invited to speak in a panel discussion on the Promise of Platform Work, as well as hosting a hub session on “China in Depth: Innovating Outward,” as shared in this reflection piece from Peggy.

At the Center for the Fourth Industrial Revolution dinner prior to the Conference, she conversed with global game changers from China and realised that most of the founders in the room had already expanded globally or have plans to. 

In the past, Chinese companies would focus on domestic market first before venturing outward. Recent trends have shown that a growing number of Chinese companies are in international markets in much earlier stages. The fierce competition and domination by major tech companies drive up costs for startups to compete domestically. Increasingly, companies see relatively higher ROI by going abroad. 

In 2018, 40% of China’s digital companies generated revenue overseas. Larger companies may globalise via JVs or investments. Companies with asset-light business model such as ByteDance, which owns the viral app, TikTok, have been most aggressive in organic expansion by launching their products directly in new markets. Another way of going global is by targeting existing Chinese customers who travel abroad and require global services, such as Ucloud and Ctrip.

Copyright by World Economic Forum / Ciaran McCrickard

Peggy observes from the activities at Lynk with a growing roster of venture capital firms, companies and startups that there has also been an evolution in the new markets that these companies focus on. It was primarily Southeast Asia and India a year ago, and recently more interest Middle East, Africa, and Latin America. This reflects also the increasing competition in Southeast Asia and India from large Chinese and US tech firms and domestic players, driving interest in new markets where there is potentially more room to grow.

Having an international work background, Peggy highlights key enablers that are vital for innovating outwards in China:

  • Founders who are unafraid of going global 
  • Confidence having seen successes of local players scaling abroad 
  • Know-how in terms of networks, local customs and preferences
  • Leaders with a global mindset and local experiences
  • Global partners (such as venture capitalists) are critical to the entire infrastructure
  • Global Knowledge Network, such as Lynk 

Because demand lies abroad or eventually will be, it is not unusual for Chinese companies to have a global mindset from its very inception. Here at Lynk, we have a global mission to democratize the access to knowledge, and as Peggy states, “If a company has a global vision, it is pivotal to start with global DNA from day one.”

Reference

Boston Consulting Group (BCG)

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Lynk Global参与世界经济论坛

香港—(BUSINESS WIRE)—作为一家初创企业，Lynk Global在短短四年间便成为 “知识即服务”（Knowledge-as-a-Service，KaaS）行业的领先企业，年营收也自上年翻了三倍。在世界经济论坛上，Lynk联合创始人兼CEO Peggy Choi（蔡碧琪）将发表演讲，通过成功经验，探讨 “第四次工业革命” 带来的经济动力、近期在中国涌现的外向型创新，和新一代中国企业家如何、为何走出了和上一代截然不同的营商道路。

作为 “知识即服务” 行业的领先企业，Lynk将积极参与世界经济论坛的 “第四次工业革命中心”，以推动革命过程中的技术进步和成果收益。“第四次工业革命中心” 将政府、领先企业、公民社会和来自世界各地的专业人才连结起来，共同设计创新的政策，并共同引导以创新的方式规管新兴技术。Lynk的共同创办人和CEO蔡碧琪指出：“我们的专业人才网络包罗了来自不同角度的，可信的专业意见，有助于建立发展框架和议程——这对促进技术指数级的增长来说，是不可或缺的。”

于大连举办的新领军者年会（7月1日至3日）上，蔡碧琪将连续第二年担任演讲嘉宾。今年，面对中国科技革命的急速进程，她将发表有关中国近期外向型创新活动的洞见，并回应一个迫切的问题：“新一代中国企业如何把外向型创新和全球化嵌入自己的DNA当中？”

“如果一家公司有扩张至全球的野心，那么它从第一天起，就应该具备国际视野。”
— Peggy Choi（蔡碧琪）

蔡碧琪的演讲让人初步认识，科技的应用和创新如何令发展中的经济体系通过第四次工业革命进一步演化，并与此同时继续将规模扩大至全球。蔡碧琪强调Lynk至关重要的基因：“如果一家公司有扩张至全球的野心，那么它从第一天起，就应该具备国际视野。”

蔡碧琪亦将讨论新一代中国企业是如何借助国际网络实现全球外向型创新的雄心。这些企业从创立之初就有向外拓展的动力，相比之下，上一代中国企业只会在本地取得成功后，才会选择扩张至海外。作为科技领域的创新者，她将分享自己的经验，譬如带领Lynk扩张至海外，并招揽了世界领先的集团、投资公司、咨询公司、创业公司、政府和机构成为客户。

自2018年至今，Lynk的总营收已经翻了三倍，成为发展专业人才网络的领先科技公司。Lynk期望能在第四次工业革命中有所贡献。不妨留意蔡碧琪在下星期二（7月2日）的讨论会，她将指出令组织得以向外创新的基础因素。要了解更多，请到访：www.lynk.global。

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Lynk Global joins the World Economic Forum

HONG KONG–(BUSINESS WIRE)–Lynk, pioneer of the Knowledge-as-a-Service (KaaS) industry, is actively engaged with the World Economic Forum’s Center for the Fourth Industrial Revolution to foster the revolution’s technological advancements and benefits.

The Centre brings together governments, leading companies, civil society and experts from around the world to co-design and pilot innovative approaches to the policy and governance of new technologies. Lynk’s Co-Founder and CEO, Peggy Choi, asserts, “Our network of experts represents diverse and credible perspectives, contributing to frameworks and agendas necessary to facilitate the exponential advancements in technology.”

Peggy will be speaking for her second consecutive year at the upcoming Annual Meeting of the New Champions 2019 (1-3 July) in Dalian, China. This year she will share insights on China’s recent outward innovation, given the rapid developments in China’s very own technological revolutions. She will explore the pressing question of “How is a new generation of Chinese companies embedding outward-facing innovation and globalization in their DNA?”

“If a company has a global vision, it is pivotal to start with global DNA from day one.” Start your access to @LYNKglobal’s #kaas platform now. #wearelynk #lynkcurated www.lynk.global

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Peggy’s topic serves as a vital dialogue starter for understanding how the adoption and innovation of technology can enable emerging economies to evolve through the Fourth Industrial Revolution equitably while continuing to scale globally. Peggy stresses the most critical gene at Lynk: “If a company has a global vision, it is pivotal to start with global DNA from day one.”

Peggy will also discuss how the new generation of Chinese companies is born with a global ambition of innovating outwards by leveraging a global network, in comparison to earlier generations of Chinese business that only expanded abroad after achieving domestic success. She shares her experiences as an innovator in the technology space, having the dynamic experience of leading Lynk onto the global map, with clients such as the world’s leading corporates, investment houses, consultancies, startups, governments, and institutions.

Having tripled revenue since 2018, Lynk is a leading technology company developing a human intelligence network and is excited to make its impact upon the Fourth Industrial Revolution. Tune in for Peggy’s Hub Session and Panel Discussion next Tuesday (2 July) at the upcoming Forum, where she will highlight the fundamental and competitive components that enable organizations to innovate outwards. To learn more, visit www.lynk.global.

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The Power of Balance: How Gender Equality leads to Economic Growth

With Quinnie Lin – CEO & Founder of QB Strategies LLC 

In honor of International Women’s Day and Women’s History Month, Quinnie examined the question of whether gender equality leads to better business outcomes from the perspective of an international lawyer turned social entrepreneur. In this webinar, she presented data on the gender leadership and wage gaps across the globe and in the United States. She also offered some tools and case studies for addressing gender inequities in your workplace, and how that can translate to economic growth.

About the Speaker

Quinnie is an attorney and social entrepreneur who founded the DC-based public affairs firm, QB Strategies, LLC, to help companies, candidates, and organizations level up their impact through innovative data-driven and people-centered approaches. She immigrated to the United States from China at age 8 and grew up in Boston.

A graduate of Harvard College, Harvard Kennedy School of Government, and Georgetown Law, Quinnie has worked as an international anti-corruption investigative lawyer for a DC law firm, on voter engagement and protection for various political campaigns, and as the senior organizer at the DC affiliate of the US-based reproductive health organization, Planned Parenthood. Her international experience includes projects that touch on gender in Kenya, Ghana, and Nigeria. As a first time social entrepreneur, Quinnie’s firm offers courses on leadership skills such as negotiations, networking, public speaking for diverse audiences, including courses specifically designed for women. 

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Assessing Fintech in China – Still Disrupting?

With Zennon Kapron – Founder and Director, KapronAsia

Fintech promises to disrupt the financial industry as we know it today, changing the way that billions of people bank and handle their financial lives. Nowhere is the impact of fintech more evident than in China where by any measure, whether valuations, assets under management, or payment value, fintech is disrupting one of the largest banking industries in the world. It has also created some of the world’s biggest unicorns including Lufax and Ant Financial.

Yet over the past year, delayed IPOs, increased regulations, and general discomfort with data usage have sent waves through the market and left observers wondering what’s next for the industry.

In this engaging one hour webinar, we will take stake of where the market is now and where it is going. We will examine how regulations will impact the future growth of the market, what the latest industry changes mean for the incumbent banks, as well as the implications for the giants of the industry including Tencent, Ant Financial and Lufax.

About the Speaker

Zennon Kapron is the Founder and Director of Kapronasia, one of Asia’s leading providers of research and consulting services focusing on the financial industry and financial technology. Zennon has been involved in the financial technology industry for over 20 years and covers all topics financial technology and digital currency. Before Kapronasia, Zennon was the Global Banking Industry Manager for Intel based out of Shanghai and, prior to Intel, was the CIO for Citigroup Portugal. Zennon has testified in front of the U.S. Congress on issues of China fintech and is the author of ‘Chomping at the Bitcoin: The History and Future of Bitcoin in China’ published by Penguin. He holds a Bachelor’s of Science in Computer Science from Syracuse University and an MBA from INSEAD.

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Semiconductors – Market Forecast of a $400 Billion Industry

With Jim Handy – Founder and General Director, Objective Analysis

The semiconductor industry has undergone tremendous growth over the past two years to well over $400 billion in revenues. Can this level of growth last? Will there never be another market cycle? In this webinar noted Industry Analyst Jim Handy of Objective Analysis will provide a very clear and well-founded outlook for the market over the next three years, based on capital spending, commodity cycle dynamics, and historical patterns derived drawing from over 40 years of historical semiconductor industry statistics. Participants will learn how the market reached its current status and how market revenues will be impacted by technology shifts, demand trends, capital spending, and China’s upcoming role as a significant producer of semiconductors. All of these factors will be combined to project the most likely scenario for the years to come.

About the Speaker

Jim Handy is the Founder and General Director at Objective Analysis – a third-party independent market research and data provider for investors in the semiconductor industry. A widely recognized semiconductor analyst, with over 30 years experience in electronics, including 14 years as an industry analyst of Dataquest (now Gartner) and Semico Research – he has had a front seat view of the evolution of the industry with DRAM, NAND, and SSD since 1991. He is also an avid blogger (The Memory Guy and The SSD Guy, among various other blogs, articles, and publications he is known for) and a frequent presenter at trade shows.

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AI and Deep Learning – the Chips Changing the World

With Dr. Norman Rubin – Principal Research Scientist (retired), NVIDIA

This talk provides an introduction to Machine Learning, an overview of the hardware companies trying to innovate in the area, and a deep dive into the mainstream chips used in AI, ML and Deep Learning. Machine learning and, in particular, deep learning have recently revolutionized many domains including vision, speech, and many others. The computation within deep learning is mostly low precision linear algebra. Because ML addresses many important problems while using limited kinds of computation, it benefits from domain specific architectures such as GPUs or custom chips. The discussion with Norm will also include a description of how computer architecture is changing to accommodate neural nets, and solving problems of increased complexity. He will also discuss the difference between “”training”” and “”inference”” chips – the major players in both verticals (large companies and startups) – concluding with an industry investment analysis.

About the Speaker

Dr. Norm Rubin is an expert in compilers, system software, GPUs, and other devices. He culminated a 35 year career in programming and microprocessors by spending the last 6 years as a Principal Research scientist at NVIDIA working on the design of specialized tools for deep learning. Before that he was a fellow at AMD for 11 years, where he was the architect and lead implementer for the widely used GPU compilers at AMD/ATI, including both compute and graphics. Dr. Rubin holds multiple patents in computer architecture and compilers, one of which is currently shipped on millions of machines including cell phones, consoles, and PCs. He has authored many peer-reviewed articles and has spoken at numerous conferences. Norm holds a PhD from the Courant Inst of NYU. He is also known for his work on binary translators and dynamic optimizers.

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Cloud Computing – Cloudy with a Chance of Growth

With Javaid Iqbal – Co Founder and CEO, TransformX

Cloud is now uniquely positioned as the driver of innovative business models as well as the key foundational element in the enablement of AI/Cognitive, IoT, Big Data, Social Platforms, Mobility, Trusted Computing (Blockchain) and other futuristic trends. As the worldwide cloud services market grows from $175.8 in 2018 to $206.2 in 2019 (Gartner), tech titans continue to battle for supremacy in their own unique ways and the pace to accelerate infrastructure investments (to keep pace with the growing demand) and the inclusion of hyper-scale data factories are at an all time high. What remains to be seen is that who will emerge as an eventual victor/leader in a play of private/public/hybrid clouds competing, converging and cohabiting for ultimate success.

About the Speaker

Javaid is an innovative and multilingual strategist/advisor/educator who has been helping transform businesses and governments across North America, Europe, and Asia for the past two decades. He is the co-founder & CEO of TransformX, a global advisory in the digital customer transformation, disruption and innovation space with a focus on AI, Mobile, IoT, and Data Science. He advises multiple tech startups, teaches innovation focused executive and board level courses globally, is an adjunct professor at DePaul University and is actively researching the effects of The Fourth Industrial Revolution in the developing world.

Previously, Javaid served as a Customer Engagement and Success Leader at Salesforce and held leadership positions at multiple consultancies including EY and PwC. Javaid attended Purdue University for his undergraduate studies in Computer Information Systems and holds a Master’s degree in Communication Systems Strategy and Management from Northwestern University where the focus of his academic research was bridging the business, technology and communication gap towards finding growth opportunities across global enterprises.

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Sustainability and Sourcing in Pigment Production

with Dr. Helmut Henneberger – Global Procurement Manager – Clariant International AG (retired)

An in-depth analysis of the factors that determine the sustainability, maximize the efficiency, and drive the success of pigment production. Helmut will focus on the factors that go into the responsible sourcing of raw materials, the market forces at play, and the supply chain governing availability, growth, and production of pigments internationally. He will also highlight the sustainability initiatives that are encouraging the use of renewable raw materials instead of chemically synthesized products.

About the Speaker


Dr. Helmut Henneberger, former Global Procurement Manager for Clariant International AG has over 25 years experience in Fine Chemicals International Procurement and Product Management. He led the sourcing of polymer additives and organic pigments that drove the development and implementation of the Global Category Sourcing Strategy for Clariant. His other areas of expertise include Supply Chain optimization, Sustainability in Procurement, Low Cost Country Sourcing, and managing the life cycle of new products from ideation to scaling processes and production.

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