Cargando…
The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms
Although the COVID-19 crisis has hit the Chinese economy hard, China’s Internet companies have benefited from the quarantine. However, the long-term consequences of the 2020 crisis for the development of the innovative potential of Chinese Internet corporations, primarily the largest platforms such...
Autor principal: | |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Pleiades Publishing
2021
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7818070/ https://www.ncbi.nlm.nih.gov/pubmed/33495683 http://dx.doi.org/10.1134/S1019331620060271 |
_version_ | 1783638758105546752 |
---|---|
author | Danilin, I. V. |
author_facet | Danilin, I. V. |
author_sort | Danilin, I. V. |
collection | PubMed |
description | Although the COVID-19 crisis has hit the Chinese economy hard, China’s Internet companies have benefited from the quarantine. However, the long-term consequences of the 2020 crisis for the development of the innovative potential of Chinese Internet corporations, primarily the largest platforms such as Alibaba, Baidu, Tencent, and JD.com as integrators of the Chinese Internet economy, are still unclear. This article provides a general overview of changes in the consumption of services of large platforms, including moderate growth in demand, strengthening of the segment of high-tech services (cloud solutions for business, digital healthcare, etc.), digitalization of small and medium enterprises, and expansion of the user audience. The innovative and technological initiatives of the platforms are analyzed. Within the framework of the announced state plans, large platforms, in partnership with regional authorities, business, and universities, intend to develop an advanced digital infrastructure (5G, data centers, etc.) and innovation infrastructure (digital clusters, technology parks, and research centers). Despite the lack of new breakthrough initiatives, the innovation capacity of the platforms is expected to strengthen in the long term. Presumably, the key role will be played by qualitative changes in the markets owing to the diffusion of digital technologies and competences, which will lead to an increase in demand for Internet innovations. The mechanisms of transforming market changes into a resource for innovative development of the platforms are associated with the expansion of market data, the emergence of a complex system of services, and unique innovative ecosystems of the platforms, making it possible to organize and coordinate the innovative activities of various entities, as well as to coopt promising start-ups able to create breakthrough innovations during the crisis. |
format | Online Article Text |
id | pubmed-7818070 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Pleiades Publishing |
record_format | MEDLINE/PubMed |
spelling | pubmed-78180702021-01-21 The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms Danilin, I. V. Her Russ Acad Sci Abroad Although the COVID-19 crisis has hit the Chinese economy hard, China’s Internet companies have benefited from the quarantine. However, the long-term consequences of the 2020 crisis for the development of the innovative potential of Chinese Internet corporations, primarily the largest platforms such as Alibaba, Baidu, Tencent, and JD.com as integrators of the Chinese Internet economy, are still unclear. This article provides a general overview of changes in the consumption of services of large platforms, including moderate growth in demand, strengthening of the segment of high-tech services (cloud solutions for business, digital healthcare, etc.), digitalization of small and medium enterprises, and expansion of the user audience. The innovative and technological initiatives of the platforms are analyzed. Within the framework of the announced state plans, large platforms, in partnership with regional authorities, business, and universities, intend to develop an advanced digital infrastructure (5G, data centers, etc.) and innovation infrastructure (digital clusters, technology parks, and research centers). Despite the lack of new breakthrough initiatives, the innovation capacity of the platforms is expected to strengthen in the long term. Presumably, the key role will be played by qualitative changes in the markets owing to the diffusion of digital technologies and competences, which will lead to an increase in demand for Internet innovations. The mechanisms of transforming market changes into a resource for innovative development of the platforms are associated with the expansion of market data, the emergence of a complex system of services, and unique innovative ecosystems of the platforms, making it possible to organize and coordinate the innovative activities of various entities, as well as to coopt promising start-ups able to create breakthrough innovations during the crisis. Pleiades Publishing 2021-01-21 2020 /pmc/articles/PMC7818070/ /pubmed/33495683 http://dx.doi.org/10.1134/S1019331620060271 Text en © Pleiades Publishing, Ltd. 2020, ISSN 1019-3316, Herald of the Russian Academy of Sciences, 2020, Vol. 90, No. 6, pp. 779–788. © Pleiades Publishing, Ltd., 2020.Russian Text © The Author(s), 2020, published in Vestnik Rossiiskoi Akademii Nauk, 2020, Vol. 90, No. 12, pp. 1172–1182. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Abroad Danilin, I. V. The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms |
title | The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms |
title_full | The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms |
title_fullStr | The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms |
title_full_unstemmed | The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms |
title_short | The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms |
title_sort | impact of the covid crisis on the innovative potential of china’s internet platforms |
topic | Abroad |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7818070/ https://www.ncbi.nlm.nih.gov/pubmed/33495683 http://dx.doi.org/10.1134/S1019331620060271 |
work_keys_str_mv | AT daniliniv theimpactofthecovidcrisisontheinnovativepotentialofchinasinternetplatforms AT daniliniv impactofthecovidcrisisontheinnovativepotentialofchinasinternetplatforms |