China's emerging businesses: The next generation of global corporations?

Abstract

AbstractA growing number of Chinese businesses that are not well known outside China are going global, taking market share from incumbents worldwide. These businesses sustain rapid to hyper‐growth over considerable periods, allowing them to scale up quickly. They have strong market share in the domestic Chinese market, which serves as a platform for internationalization. Their strategies for entering new markets derive from their domestic business models, which they have been able to adapt to conditions in other countries. These businesses represent a fast‐growing cohort of emerging global corporations that will be major international competitors in the near future. This article helps businesses and analysts to identify China's emerging businesses. It offers insight into their strategies for growth and emergence.