Innovation in China with Fabernovel

Katherine Wang, Project Director at Fabernovel in Shanghai, shared her insights on innovation in China in a recent interview. She discussed the role of government incentives and access to talent in the startup boom that sees 12-15,000 new companies being created daily. Although China's risk-taking mindset has helped foster an entrepreneurial culture, quick growth can lead to unsustainable business models. The dominance of Super Apps like WeChat and Alipay is unlikely to be replicated in Europe due to privacy concerns, and would require localization for African markets.