Abstract
The article contains an analytical review of innovative activities in China of returned overseas Chinese high- qualified specialists and graduates. The author characterizes the business models used by haigui, the main areas of business activity of returned specialists. Haigui make a significant contribution to the development of PE/VC (Private Equity& Venture Capital) industry in China. Particular attention is paid to the “innovative” copycat-companies created by haigui using business plans of successful western innovation companies as a pattern. The paper conducts a comparative analysis of copycat-companies positions with Chinese branches of original western companies and haigui’s truly innovative companies’ positions in the domestic market.
Keywords
China, haigui (returnees/re-emigrants), innovation, copycat-companies, risk investment
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