SHENZHENCHINA’S INNOVATION HUB
The Shenzhen 100 project is a research initiative which utilizes hard data and qualitative indicators to identify Shenzhen companies that have the potential to influence the world by inspiring innovation, entrepreneurship, and leadership. Our mission is to objectively analyze business challenges and opportunities as well as help Chinese companies expand globally. The initiative will also assist local government in implementing effective policies to support global market strategies.
We strongly believe that it is possible for Shenzhen – dubbed China’s Silicon Valley – to become a true hotbed of influential brands throughout the world. We hope that the Shenzhen 100 will inspire more passion for innovation in Shenzhen in the coming years.
Home to industry leaders Tencent, Mindray, BYD, DJI, and Huawei, as well as advancing companies such as ZTE and TCL, Shenzhen’s perpetual growth makes it an ideal location for the launch of this initiative. With its leading position in China’s Economic Reform in the last 30 years, Shenzhen has emerged as an unparalleled city in business development, high-technology, and innovation. By identifying the city’s most promising startup companies, the Shenzhen 100 seeks to connect high-vetted companies, private investors, and policy makers and guide them towards actionable solutions for stimulating innovation, encouraging global expansion, and promoting the city’s long-term growth.
The China Global Maturity Index (CGMI)
The Shenzhen 100 utilizes hard and soft data, statistics and 9 maturity indicators to pinpoint a specific level of global maturity. This data gives us a smooth comparison across all companies, despite the differentiation in age, revenue, or asset size. Each company can be placed into one of four maturity levels:
2016 marked the inaugural edition of the Shenzhen 100 Report
For the past 30 years, Shenzhen has been the hub and central location for global original equipment manufacturers production. This model has worked as long as China has been able to sustain low labor and supply chain costs.
However, as China continues to transform to a more service-oriented economy, the low cost OEM model will gradually become a more historical model with limited global applications.
Shenzhen’s top companies know this and have already begun transforming their business models. It is from these large, maturing, transformational companies that we were able to classify our first group of companies.
The first edition was launched in June 2016, highlighting Shenzhen based companies on the path to globalization.