Abstract
The connotation and value evaluation of high-value patents are context-dependent. In the context of reverse innovation of Chinese local enterprises, the paper discusses the connotation and value evaluation methods of high-value patents. The paper proposes a theoretical framework of high-value patents in the context of reverse innovation of local enterprises, and analyzes the connotation and value characteristics of high-value patents from three aspects of market control, legal stability and technological advancement. It uses the natural Data mining methods to evaluate the value of high-value patents in this context and takes BYD as an example to analyze and evaluate the high-value patents in its reverse innovation, and discusses the characteristics of its value changes. The research provides new theory and methodology to identify the connotation and characteristics of high-value patents in reverse innovation of local enterprises in developing countries, and assess their values as well.
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