"2021 WISE New Economy King • Open Innovation Leader" annual inventory

Looking back at 2021, the new economic development is facing unprecedented changes and challenges. The capital side is subject to the external environment, new asset management regulations and market structure adjustment, and it is becoming more rational and cautious. Difficulties in financing and listing have become common problems for enterprises in the new economy. The dividend of the mobile Internet has come to an end, and the next round of technological change is moving towards a more hardcore. It is foreseeable that with the innovation of 5G, big data, artificial intelligence and other technologies, the new economy will move from the application era of business model innovation to the hardcore era of technological innovation.

In the above context, the proposition of open innovation is no longer a new topic. This operation mode of breaking the traditional closed innovation model of enterprises and introducing external innovation forces can continuously transport fresh blood to the industry, and jointly promote change and innovation through internal and external linkage. In the face of the current "transcendental era" of ups and downs and uncertainties, open innovation is to continuously enhance the core competitiveness of enterprises such as rapid self-iteration ability and forward-looking predictive ability through the mode of internal and external linkage. In the era of change, only by adhering to innovation is the eternal driving force for enterprises to maintain their vitality.

So as the new economy begins a new cycle, we have collated and published the leaders in open innovation. They have forward-looking power, can foresee new trends in industry change through market changes, react and act in advance; they are innovative, actively exploring open innovation in the past 1-3 years, and forming innovation benchmark cases; they have a head effect, innovative exploration has formed a certain influence in the industry, leading the upgrading and transformation of the entire industry.

"2021 WISE New Economy King , Open Innovation Leader"

Alibaba Cloud Innovation Center

Alibaba Cloud Innovation Center is Alibaba Group's innovation incubation service platform based on the Internet, cloud computing, big data, etc., up to now, Alibaba Cloud Innovation Center has landed more than 60 incubation parks in 34 cities across the country, covering an area of more than 300,000 square meters. Committed to becoming the preferred innovation platform for technology SMEs, it has served more than 2 million technology SMEs so far.

P&G IdeaLab

As an innovation incubation platform under P&G China, P&G IdeaLab is committed to cultivating an innovation environment and culture, solving business pain points, and achieving business transformation with external innovators through technological innovation and business model innovation. Over the past 5 years, we have worked and interacted with more than 50 startups, achieving a total of 49 commercial landings.

Libai Group

Founded in 1994, Guangzhou Libai Enterprise Group Co., Ltd. is a leading enterprise of China's national daily chemicals, with many high-quality brands such as "Libai" and "Good Daddy". It has 8 major production bases, more than 30 branches, 31,000+ marketing service teams in the country, with an annual tax payment of more than 1.5 billion yuan and more than 100 national awards. In the new era, Libai Group is committed to becoming a "brand-led, digital management, innovative and dynamic" intelligent service-oriented enterprises. Through external high-quality partners such as Liyi Technology and Crab Innovation Link 36Kr, we will discover outstanding start-ups and innovators and invest in incubating early-stage projects that meet green, healthy and innovative standards. It has cultivated and incubated more than 100 start-up projects, and strives to create a "beautiful, clean and healthy" quality of life for consumers around the world.

L'Oréal China

Over the past two years, L'Oréal China has been actively exploring the field of open innovation. The company set up a special team, mobilized the resources of various departments within the group, and launched the first domestic start-up challenge in the field of beauty technology in 2020 - L'Oréal BIG BANG Beauty Technology Creation Camp. In the past two years, it has established contacts and cooperation with more than 1,000 start-ups, carried out in-depth co-creation in the field of beauty technology with 20 of them, and has successfully landed more than 30 innovative application PoCs.

Shui On Xintiandi Open Innovation Platform

Shui On Xintiandi Open Innovation Platform, focusing on innovation opportunities in the fields of future cities, cultural consumption, ESG and other fields, is committed to promoting innovation through diversified roles, and provides Ruian and its innovation ecological partners with diversified cooperation models including enterprise incubation acceleration, large enterprise open innovation cooperation, investment, etc., to drive the sustainable development of future cities with innovation. Since its inception in 2011, the platform has supported more than 650 start-ups, cooperated with more than 50 large enterprises, and invested in more than 50 early-stage companies.

Sodexo China

Sodexo, a global leader in quality of life services, entered the Chinese market in 1995 and currently employs more than 15,000 people in more than 1,000 locations serving 1.1 million consumers every day. Relying on cutting-edge solutions, a strong innovation culture and a professional data team, Sodexo Digital China further explores the digital innovation of Sodexo's local business. In 2021, the Sodexo Greater China Accelerator Project and 36Kr launched the "New Normal of Digital Office Space" cooperation project, jointly providing local start-ups with high-quality potential customers, scene experts and innovation ecosystems, and win-win market opportunities of 100 billion yuan.

Swire Properties New Ventures

SwireProperties New Ventures team was established in 2017 to focus on real estate technology, including "Outside in" integrating external technology innovation, validating technology products and empowering internal businesses, and "Inside out" accelerating the development of real estate technology companies from the perspectives of capital, corporate support/incubation.

Aiming to actively explore the best practice cases in the real estate technology market and match the needs of different business forms, inject into the internal team in the form of technology pilots, more than 40 projects have been successfully implemented, covering 14 different business sectors. At the same time, a 50 million US dollar fund was set up to continuously track the trend of the technology ecosystem for investment in early-stage real estate technology enterprises at home and abroad, helping to accelerate industrial innovation and development.

Walmart China Omega 8

Walmart China officially launched the Omega 8 project in January 2019, an innovation platform that is growing rapidly with Chinese startups. Through Omega 8, Walmart China cooperates with more innovative and entrepreneurial enterprises to explore the application of cutting-edge technology in the retail industry and provide technical solutions to solve retail pain points to better serve customers. Since its launch, Omega 8 has conducted more than 60 proof-of-concept tests, seven of which have been rolled out in Walmart stores, Sam's Club stores and distribution centers nationwide.

Hyundai Motor Group Innovation Center (Beijing)

Hyundai CRADLE Beijing, as the open innovation and strategic investment department of Hyundai Motor Group in China, actively lays out and builds a local innovation ecosystem, and through the establishment of an open innovation interactive platform, it joins hands with leading strategic partners such as technology enterprises, start-ups, government agencies, universities, research institutes, and investment institutions to integrate internal and external innovation resources, jointly promote the sustainable growth of innovative business and the closed-loop landing, and achieve mutual benefit and win-win cooperation in the innovation ecosystem. Promote the development of Hyundai Motor Group's innovative business in China.

JLL Technology Innovation

JLL Technology Innovation is committed to building a sustainable real estate technology ecosystem in China, and since 2017, it has insisted on working with upstream and downstream industries, government departments and academic institutions to create a "Chengyue" real estate enterprise innovation alliance to help real estate technology enterprises integrate into the industrial ecology, promote the innovation and upgrading of commercial real estate technology enterprise services and models, and reshape the value of the industry.

We see that they have excellent forward-looking ability, excellent innovation ability and a certain head influence, and we hope that in the future, their exploration story in the field of open innovation will be more exciting. We also hope that these innovation leaders can bring more experiences and cases for the industry.