On May 22nd, Dr. Jili Chung, author of Innovation’s Crouching Tiger and founder of an online course about China (coming soon) was the featured speaker in the webinar “Anatomy of China’s Innovation Ecosystem: the STAR Market and IP Exchange”, organized by European Guanxi and moderated by European Guanxi’s Valeria Fappani.
In the past month, the Ministry of Industry and Information Technology (MIIT), (the regulation body for the internet in China) released notifications regarding user rights violations to dozens of apps.
MIIT highlighted that these apps have collected personal information beyond the authorized scope and demanded rectification with the coming month.*
This notification is MIIT's continued effort to regulate use of personal information. In recent months, this tightening control appears to have become a new norm in China's innovation ecosystem.
From Shanghai to the World
Last month an announcement attracted attention from global IP professionals. An international patent portfolio had settled in Shanghai. According to the source, it is the first of its kind in China.
The announcement indicates that this patent pool covers more than 50 technical fields and has an international patent portfolio of more than 12,000 patents. It targets Chinese SMEs which need to upgrade their operation with more advanced technologies but fall short of developing their own.
The pool will operate with standardized licensing terms. Available licensing durations are one year, three years, five years, and ten years.