This book presents for the first time a detailed and comprehensive interpretation of Zhongguancun, China’s first national self-dependent innovation demonstration zone. Explored in the book are examples of world-class, leading enterprises in fields, such as the Internet, big data, artificial intelligence, green and low-carbon, modern supply chain and high-end service. According to some data, the rate of contribution to the economic increase of Beijing made by Zhongguancun rose to 36.8% in 2015 from 17.9% in 2010. More specifically, in 2015, nearly 40% of the economic increase in Beijing was contributed by Zhongguancun Science Park. By 2017, Zhongguancun fostered 650 gazelle enterprises and 70 unicorn companies.
The book also uniquely provides readers with a panoramic interpretation of the environment for innovation and entrepreneurship in Zhongguancun. It is mainly divided into three parts: History of Zhongguancun, Data of Zhongguancun, Cases of Zhongguancun and Policies of Zhongguancun. Through the depiction of history, data, cases and policy, this book clarifies that in most cases, enterprises in Zhongguancun become successes by following such a road characterized by starting from scratch and by relying on science and technology innovation and expanding from small to big by virtue of the capital market. ““Zhongguancun Model: Driving the Dual Engines of Science & Technology and Capital” deepens the reader’s understanding of the new economy development in China and is essential reading for business/management researchers and practitioners, economists, IT specialists, and IT policy makers around the world.
Xiaoying Dong is an associate professor at the Guanghua School of Management, Peking University. She serves as the academic director of the school’s Case Center and serves as a PhD research advisor. She is the vice chairman of the China Information Economics Association. She also holds membership positions on the Expert Committee of the Information and Communication Economic (ECICE) of the Ministry of Industry and Information Technology, and the National Technical Committee on Intellectual Property and Knowledge Management Standardization Administration of China. She has conducted in-depth research on scientific and technological enterprise cases. She has published more than 50 papers in Chinese and English, and six monographs.
Yanni Hu is a doctoral student at Guanghua School of Management, Peking University. His research advisor is Guanghua Prof. Dong Xiaoying. She previously served as the chairman of the Beijing Student Federation. She was named the BeijingExcellent Student Cadre and won the China National College Student “Innovation, Originality and Entrepreneurship” Challenge.
Weidong Yin earned his EMBA at the National University of Singapore. He is currently the president of the Zhongguancun Listed Companies Association, serves as a vice chairman of the Beijing Federation of Industry and Commerce, and a member of People’s Congress Standing Committee of Haidian District. He is the chairman and CEO of Sinovac Biotech Co., Ltd. In addition, he is a professor-level senior engineer in biopharmaceuticals and has pioneered the development of the human bird flu vaccine, A/H1N1 influenza vaccine, and the EV71 hand-foot-and-mouth disease vaccine.
Estela Kuo earned her Masters of Communications from the University of California, Santa Barbara, and an EMBA from Harvard Kennedy School. She founded three companies and currently serves as the secretary general of Zhongguancun Listed Companies Association.In 2017, she was appointed as the director of the Beijing Taiwan Business Association. Since 2009, she has also served as the chair of the Yanxing China Foundation, which assists impoverished rural students to integrate into society through organizational training.
