Racing with the Chinese Dragons

Peter J. Williamson and Eden Yin

Chapter 3 in China Rules, 2009, pp 69-100 from Palgrave Macmillan

Abstract: Abstract Chinese companies have begun to “go global.” High profile examples include Lenovo’s US $1.75 billion takeover of IBM personal computer business in 2004; Huawei, which has implemented its telecommunications network equipment solutions in over 100 countries, maintains a network of 12 R&D centers around the world; and appliance maker Haier, whose brand ranked 86th in the top 500 most influential global brands (World Brand Laboratory, 2006). Less widely recognized, however, is the fact that scores of other, little-known Chinese companies have begun to carve out significant (and sometimes even dominant) global market shares in numerous industries as diverse as port machinery, medical equipment, and pianos (Zeng & Williamson, 2007, p. 19). This evidence suggests Chinese companies have the potential to powerfully reshape global competition.

Keywords: Global Market; Chinese Company; Intangible Asset; Dynamic Capability; Cost Innovation (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1057/9780230274181_4

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