Subversive Changes by Alibaba, Tencent &K11, Let Fast Company see the Future of China
Fast Companyis one of the most influential business magazines on a par withFortuneandBloomberg Businessweek.Meanwhile,Fast Companyhas announcedthe 2018 edition of the World's MostInnovative Companies, with Tencent, Alibaba and K11 among them. This does notonly bring the enterprises the highest form of acclamation, but also representsthe world's recognition and expectation to their innovative thinking.
To lead a company and bring aboutextraordinary accomplishments, its founder always plays a critical role. InChina, there are so many talented corporate leaders who have injected vigorouspropulsion to the development in all walks of life. Just like how Huateng Ma’sTencent has subverted how the entire internet social media platform operates,Jack Ma has developed Alibaba into the global leader of online retail system;while Adrian Cheng, the founder of K11, has just transformed the new retailmodel into an integration of art and commerce, and become a leader in thisaspect. Each step of these corporate innovations cannot do without thefounder's avant-garde intelligence and business thinking.
Tencent has an enormous user base. As ofJanuary 2018, it has 980 million active monthly users. The app is far more thanjust a social media platform, and the key to Tencent’s success is to developpractical functions in all aspects. Besides generating advertiser and servicefee revenue, the huge user base plays another crucial role to build the contentcolossus for Tencent.
Tencent’s founder Huateng Ma says, “Internetis part of the core body of the economic society. ‘Internet+’ will connect allthe basic elements of entities, industries, services, individuals and equipmentto create an 'Internet +' ecosystem. With his determination and perseverance inputting his idea in practice, Ma Huateng has led Tencent into a tremendoussuccess and developed himself into a person of great influence.
In 2017, Ma Huateng was ranked as among2017 China's 50 Most Influential Business Leaders by Fortune
Alibaba is China’s largest e-commerce companypresides over a collection of online retail and finance platforms includingTmall, Taobao and Alipay.
Since its record-breaking $25 billion IPO in2014, Alibaba has started to invest in entertainment business and begun its ownforay into movie production. The company also has great influence in thecultural industry.
Forbeshas once described Jack Ma as having “deep cheekbones, twisted hair, naughtygrin with a naughty look. While this man with a weirdo appearance has the samebody as Napoleon, he also has the same great ambition as Napoleon.”
Apart from injecting fresh power into China’sretail industry with e-commerce, Jack Ma has created financial-centric onlineretail ecosystem.
As a cultural entrepreneur, Adrian Cheng’s K11is unlike Tencent and Alibaba, with a focus on opening up brand newpossibilities for the physical economy. The innovation of Adrian Cheng lies notonly in creating a new business system that integrates exhibition and shopping,but also in fully integrating the idea of "new retail" into theenterprise’s development policy. It is this maverick attitude that makes K11the only company inFast Company’s theWorld’s Most Innovative Companies 2018 to develop a new retail concept.
Adrian Cheng successfully integrates art andcommerce into a sustainable “art x commerce” operation model. More than that,Adrien Cheng understands the preferences of the “Millennials” He once says, “asthe influence of e-commerce grows, the needs of the millennial generation arebecoming ever more volatile, and innovative business models emerge.” Therefore,he continues to explore into the areas of fashion, gaming and other fields, andto merge the cultural trends into the enterprise’s development process. Thishas led to the birth of more and more K11 crossover projects which have becomefashion and commercial hot trends. It is said that Adrian Cheng wouldpersonally participate in the planning of every K11’s exhibition and activity,so as to innovatively inject unique K11 elements. Take the Pink Love in K11 inShanghai in February as example, he turned the entire K11, including the washroomsinto pink, brought in works of art, and boldly introduced the Pink Falls. Ithas become a sensation in Shanghai attracting a large number of millennials. Itis believed that similar breakthed that similar breakthroughs will continue toappear in the K11 domain.
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