The Chinese Form of Innovation
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6 жыл бұрынScott discusses China's digital and economic momentum with NYU professor Clay Shirky, author of Little Rice: Smartphones, Xiaomi, and the Chinese Dream.
Episode 145
Sources:
(1:43) “Shan Zhai A Chinese Phenomenon,” Booz & Company Inc., 2009. www.strategyand.pwc.com/media...
(2:31) “Price Comparison: How Much It Costs To Buy A Smartphone In China,” Financial Times, January 2014. on.ft.com/2wRFrei
(3:59) “Number of Mobile Payment Users in China from 2013 to 2016,” Statista, 2017. bit.ly/2xBEATG
(4:02) “U.S. And World Population Clock,” United States Census Bureau, October 2017. bit.ly/1mULN4x
(5:47) “Apple Pay Stats,” PYMNTS.com, 2017. bit.ly/2i6jMwq
(7:16) “Share of Mobile Phone Users That Use a Smartphone in China from 2013 to 2019*,” Statista, 2017. bit.ly/2xBL0x3
(8:01) “Number of People Who Used Any Credit Card Within the Last 3 Months in the United States from Spring 2008 to Spring 2017,” Statista, 2017. bit.ly/2yhal1u
(9:13) “The Billion Dollar Startup Club,” The Wall Street Journal, September 2017. bit.ly/KKOAw1
(11:58) “Chinese Trio Carve Up A Quarter Of Global Smartphone Sales In Q1: Gartner,” TechCrunch, May 2017. tcrn.ch/2yiYHVP
(11:58) “Huawei Overtakes OPPA As China's Top Smartphone Seller: IDC,” ZDNet, May 2017. zd.net/2ycZDeD
(13:22) “There’s Blood In The Water In Silicon Valley,” BuzzFeed News, September 2017. bzfd.it/2z2p2EK
(14:22) “China Leads the World in Optimism,” Axios, July 2017. bit.ly/2xBcIKz
(15:36) “Number of College and University Students from China in the United States Between 2004/05 and 2015/16,” Statista, 2017. bit.ly/2i70M0Y
@ahmedmhamdy 6 жыл бұрын
i love how this is scotts channel yet he takes a back seat and allows us to learn without super imposing his intellect
@bananajib 6 жыл бұрын
Balo Drown Same. Scott is an ubermensch. He has nothing to fear except his own self-imposed insecurity.
@sicknastyflipmaster7 6 жыл бұрын
Scott, are you thinking of doing a comparison video between Alibaba and Amazon? That would be awesome!
@carboy101 6 жыл бұрын
navyguitarist I second that so much.
@knifeyonline 6 жыл бұрын
I third that
@zanerich9460 6 жыл бұрын
navyguitarist I fourth that
@davidjoshea4064 6 жыл бұрын
I fifth that
@sasakaba5718 6 жыл бұрын
Yeah...I agree on that too.... "Alibaba vs Amazon"
@MrRianael 6 жыл бұрын
This video was fucking interesting.
@ChunkyMonkaayyy 6 жыл бұрын
Alders Well said.
@44thfloorCollective 6 жыл бұрын
Except he left out that the "Xiaomi Mix Phone" is the design that Samsung and Apple followed when creating its newest phone design. Here is an insight, the less money you have while having availability to technology will lead you to use new payment technology because you are not that worried about someone stealing your money. Thieves want more then my little money, #facts
@comp10 6 жыл бұрын
Prof. Galloway, I will like to see you on the Joe Rogan podcast one day. I think it will be an interesting conversation.
@oloblish 6 жыл бұрын
I second that.
@CurrieFamilyHasFun 6 жыл бұрын
I third it
@carboy101 6 жыл бұрын
I vote nay.
@Ben..... 6 жыл бұрын
I fourth it.
@fredhelmecke6073 6 жыл бұрын
Fifth that.
@TheCUAV 6 жыл бұрын
I love these 1 on 1 conversations between professors about world wide innovation. As an engineer it helps me look at world from different perspectives. Keep it up Professor G!
@thebiowatchlist 3 жыл бұрын
Sorry - what innovation? Did we watch the same video? Their innovation is to take what Google and the US market created and develop cheaper versions in a high density, low cost, manufacturing based environment.
@csscwc3101 6 жыл бұрын
Very good video. It focuses on discussing the issues instead of judging from a superior point of view. Pretty fair and square in all the aspects.
@judsonjuden1933 6 жыл бұрын
This is great Scott! I attend Rice Jones University in Houston Texas. I just came back from a trip with the school to Beijing and Shanghai. I had an awesome experience and was blown away by the innovation and way mobile is being used. It really blew my mind. Low cost labor + Technology + Mobile Payments = Commerce Utopia! Of couse I am just watching Chinese consumers use WeChat on the train : P I felt like I was in the 80s using cash their
@smirkingdevil 6 жыл бұрын
Fantastic insight from someone who actually lived in China. Excellent interview and great job allowing the interviewee talk without interruption.
@ReasonableRam 6 жыл бұрын
Reminds me of a bald Tom Hanks.
@randyh647 6 жыл бұрын
ReasonableRam same facial and hand expressions as Tom Hanks add a little hair and remove the glasses.
@johnhayes333 6 жыл бұрын
Watch Tom Hank's Philadelphia, Spoiler its for sure Aids
@celieboo 6 жыл бұрын
Omg yes!
@joeld3312 6 жыл бұрын
exactly
@davidlemmel9878 6 жыл бұрын
John Hayes Ha!
@WarMonkeyPlays 6 жыл бұрын
Thank you for yet another fantastic video!
@poetnathan26 6 жыл бұрын
Consistently the most interesting interviews on youtube! Professor- your AWESOME! Thank you
@princelyh.glorious4946 4 жыл бұрын
Love this! Coming from Tanzania into New York and immediately feeling how much easier mobile money would be there with how ubiquitous mobile money is in East Africa.
@masterchinese28 Жыл бұрын
I'm now in my 20th year as an expat in Shanghai. I totally agree with Prof Shirky. The changes come fast and there has been (until recent lockdowns) an overwhelming optimism. When people ask me what keeps me here, I often answer "young energy." While there is an older generation that was scarred by the Cultural Revolution, most Chinese have grown up in a world where every year is better than the last. It's no wonder they believe they can do anything.
@CB6028 6 жыл бұрын
These long form talks about innovation and future trends are great.
@thagor8590 6 жыл бұрын
I really like this video, I learned about 5 new things and perspectives. Excellent, thank you.
@MsLadyL 6 жыл бұрын
Man...you are just so on point! The Black Authority sent me here. Thanks for the insight.
@coldplaya3 6 жыл бұрын
This was great. Keep doing these longer form videos.
@johnherrington1110 6 жыл бұрын
"Apple Pay, tons of sign up on retail, not a lot of consumer use". My experience has been the opposite; not many retailers take it, some actively refuse it (Wal-Mart, Walgreens, etc.), or some retailers who take it (macro) have employees who don't know they take it or how to instruct consumers in its use. I use it every chance I can, and by voting with my wallet hope to keep it alive until use hits critical mass and is more widely accepted.
@SamiLuo 6 жыл бұрын
Thanks for saying nice things about Xiaomi, I'm from one of Xiaomi's eco system companies, thanks
@josephmidyett 6 жыл бұрын
love everything from you guys. thank you you guys
@andrewbeach1685 6 жыл бұрын
What a fascinating discussion. Thanks for sharing it with us.
@markyu5362 6 жыл бұрын
a lengthy one. nice Prof Scott
@stevenkatz9369 2 жыл бұрын
I had a friend who oversaw the operation of his family's owned independent retail establishment on a boardwalk in SoCal. A would-be competitor decided to open up 2 stores on opposite ends of the boardwalk offering comparable merchandise. They did 3 things to try to evolve their business. The first thing already mentioned with slightly lower prices where sourcing was similar. The second thing was to engage in serial bankruptcy (newspapers are wonderful, aren't they) amongst the partners and inventory swapping amongst other things to avoid interference from certain third parties. The third thing was to limit costs, and tightly control expenses (partners were the employees, et al). Because of the bohemian nature of the area, the shortening of the tourist season, local government incompetence, and the infestation of rival gangs engaged in turf battles outside their respective turf, while it was active, the owner/head honcho of the other 2 shops would periodically come in and stand just inside the entrance of my friend's store, and scanning the place to see what was new and/ or different for several minutes, my friend would wait and then sneak up behind him and say: "Copy, Copy, Copy!". Now, all 3 shops are gone, the area is flooded with pot shops, ad nauseam, and is basically a poor reinvention of what it once was - sad. Innovation ... hardly.
@ZanderChief 6 жыл бұрын
His comment on optimism is spot on. So much possibility and growth. Its obvious all over this country. The American dream is the China dream now.
@keitherickson7618 6 жыл бұрын
Even though all of his hair ended up in his nose, I could listen to him talk all day.
@keitherickson7618 6 жыл бұрын
Clay is a mix of Tom Hanks and Steve Jobs
@paulsommerhalder9049 6 жыл бұрын
Darn the high resolution of the new world. Something as inocuous as nose hairs really become visible.
@troygardner1610 6 жыл бұрын
and some simon sinek actually in presentation style
@MyMostBeautifuCinema 6 жыл бұрын
Troy Gardner it’s that pause at the end of his points.
@paulo4547 6 жыл бұрын
These are amazing insights!
@gvvvv2300 6 жыл бұрын
i disagree. in the us, we have the state-of-the-art chip on the credit cards which gives you 5 extra seconds to reconsider your purchases when you are paying...
@ZubairKhan-tt8ev 6 жыл бұрын
hahaha omg so true
@BigHenFor 6 жыл бұрын
Too easy to copy, and it's not exactly groundbreaking in its impact is it?
@hairyfeets 6 жыл бұрын
Haha
@knifeyonline 6 жыл бұрын
lol somebody was talking about signing for a credit card purchase the other day... I was like... I'm sorry did you time travel here from the 90's?
@AndresOssa 6 жыл бұрын
gvvvv2300 lol
@cu7695 6 жыл бұрын
I have seen the patriotism and dedication of Chinese students firsthand. They really want to break the barriers. L2 that's was great talk. PS: Clay Shirky is secretly bald Tom Hanks !
@HashimWarren 6 жыл бұрын
Wow, Clay Shirky. Clay Shirky!
@AnneAndersonFoxiepaws 5 жыл бұрын
Wow! The more I watch, the more I want to watch!
@voyno 6 жыл бұрын
Great insights. Thank you.
@SkyLowercut 6 жыл бұрын
This is so interesting. Glad to hear a perspective on china because man is it interesting to hear
@lookoutcharlie 6 жыл бұрын
awesome video!
@septronic2010 6 жыл бұрын
Awesome video as always! Loving your videos and the concise knowledge and information it brings to me. KUTGW :)
@Kittymmmmmm 6 жыл бұрын
Interesting topic, please do more like this
@kahsa1076 6 жыл бұрын
nice one! really fascinating
@abdalhadifitouri131 6 жыл бұрын
Incredibly insightful
@brutechieftain9321 6 жыл бұрын
They look alike in the thumbnail.
@maxniehaus4384 6 жыл бұрын
They both look like thumbs too
@amani_art 6 жыл бұрын
R. Bruno from the thumbnail i thought he was talking to himself
@searchmitch24 6 жыл бұрын
great video and insight
@AndresOssa 6 жыл бұрын
This video needs more hair
@heesingsia4634 6 жыл бұрын
Andrés Ossa they're in his nose
@weizhang2834 6 жыл бұрын
In Chinese saying: the less hair the smarter:)
@AndresOssa 6 жыл бұрын
Wei Zhang lol!
@jiehan7408 6 жыл бұрын
well, no doubt about it, samrt people always use their brain much, hair is gone.
@alfredhitchcock45 5 жыл бұрын
Professor X
@thehauntingking9631 6 жыл бұрын
I loved the video more!!!
@darkfyy 6 жыл бұрын
This is a great video
@jordanjackson7171 6 жыл бұрын
Fascinating
@Bohler27 6 жыл бұрын
Wow what a great video
@The757packerfan 6 жыл бұрын
Thank you for this! Not only is it entertaining and informative, but it leaves politics out - which I am so tired of hearing about right now.
@RajaRickin 3 жыл бұрын
Great interview of Clay... Cant help it, he reminds me of a thinner version of Todd Packer, but a much more friendlier version hahah
@Akuma72 6 жыл бұрын
keep up the good work L2
@BR7AVEONE 6 жыл бұрын
very informativ interview
@yyangcn 6 жыл бұрын
With regard to Scott's question why so many of his students from China still try so hard to stay in US when there seems to be plenty of opportunity for growth within China, I think Clay at least partly addressed it pretty well. The point is that if one wants a career that's more connected on a global scale, United States is a really good destination, therefore it is a positive feedback loop that the students who want that global connectivity tend to want to study in US and thus are more likely to want to stay. Other than that US still is better place with regard to environment, benefits, welfare and just general quality of life, although that gap between US and China isn't so obvious as 20 or even 10 years ago. Nowadays there is increasing number of Chinese students who just want to get a quality education from US and goes back to China to put their feet on the ground and do something with that education. But still more than half simply want a less stressful and more comfortable lifestyle and therefore they want to stay in US.
@meis 6 жыл бұрын
the grass is always greener on the other side
@akakakakakak3084 5 жыл бұрын
Why no one says the affection of Hollywood? Many Chinese full heart believe the US life styles shown in the movies.
@nsebast 5 жыл бұрын
Yep working in China is highly stressful. The competitiveness there is high, that's why they are no. 1
@DASDmiser 6 жыл бұрын
The 小米 5s and Miui are fantastic (long long long time Apple user). The innovation doesn't end with the dual SIM slots. It has dual desktop capability, allowing separation of home and business apps and data, each with its own unlock password. It also allows definition of multi definition apps, set up 2 definitions of apps (one business use, one personal or different userids to some service). Features and capabilities unavailable on iOS. A pity they aren't marketed in the USA, so service is difficult. And very affordable.
@troygardner1610 6 жыл бұрын
everybody walks in with a phone: "no menus, no registers, no waiters, just cooks and runners", also less employee problems/training, no theft. took it one step further in coffee cafe of the future: no cooks no runners just a friendly social hosts helping find/wrangle seats and shudder get to know you and what you like. you could even order..without a restaurant visit. e..g you order then either have a delivery to your home, or walk by and have the drone hand it to you (like drive through..er walk/cycle through..normal life)
@almondjoy112 4 жыл бұрын
Super cool to see Maynard James Keenan engaged in such cool chats.
@AaronNoronha 6 жыл бұрын
really interesting. this along with I'm reading now 'The House that Jack Ma Built.' goods a good perspective of innovation in China contradicting that they simply copy & manufacture.
@MrBobberino01 6 жыл бұрын
This is why I sub. +1
@OvidiusPrime 6 жыл бұрын
So envious of China's optimism.
@MsJnjnjn 6 жыл бұрын
Very interesting to see how in many ways China is already more advanced than the USA. Please have more content about China, India and the rest of the world.
@jubjub7101 6 жыл бұрын
Just bought China Mobile the other day and got into Square after one of these videos...Squares been rising daily!
@MrManifolder 6 жыл бұрын
Scott, times are changing. I just finished my graduate degree in an engineering field and most of my Chinese friends went *back* to China. America better get its act together or we will suffer a brain drain of Chinese STEM talent.
@timelessd9096 6 жыл бұрын
In 2016, there were 500,000 outflows of Chinese (for studies overseas) but more than 400,000 inflows for those that completed their studies overseas. The return rates have been increasing every year.
@thomassong5064 6 жыл бұрын
You have your Indians! Don't worry!
@davindersandhu8159 6 жыл бұрын
Great videos.. I request you to post something about amazon kindle growth.. and forecasts about it..
@timsulzer 6 жыл бұрын
Great discussion - but so many missed opportunities for a Dr. Evil reference.
@JOKBO1 6 жыл бұрын
song at the end?
@TravisRuskus 6 жыл бұрын
Really interesting about the QR codes 🤔
@andyanderson8494 6 жыл бұрын
Scott, Great interview what is music at end
@Changderson 6 жыл бұрын
Sofi Tukker - Best Friend feat. NERVO, The Knocks & Alisa Ueno
@andrewbarker8617 6 жыл бұрын
What´s the song at the end?
@KarlWaldman 6 жыл бұрын
I had the same experience in Shanghai this Feb - no menu, scan QR code. I ended up ordering via the waiters phone and paying him directly. I guess he paid via his wechat. Also - at a convenience store about 20 people paid in the minute or so it took me to pay with cash /get change in the next line over.
@alimahfooz1651 4 жыл бұрын
2019 and xaiomi is now a fortune 500 company
@on9lo 6 жыл бұрын
Watched it twice, just incase if I missed something
@ampinstein 6 жыл бұрын
Nice to see L2inc doing so well they can hire Tom Hanks to play a professor ;)
@loveinthelandfill1124 6 жыл бұрын
ampinstein the real question is Which one is Moby?
@bobking7454 6 жыл бұрын
The value of XiaoMi is now more than 100 billion instead of 45 billion.
@SkylineGate 4 жыл бұрын
It would be interesting to see if the optimistic/pessimistic survey results change post-COVID-19 and Hong Kong riots.
@Lucifer-xk9de 6 жыл бұрын
I'm living in shanghai, just like this guys said, I don't get any cash from bank for several weeks, because we don't need to pay any cash at all. alipay and wechat can pay everything you think. this is not a big deal.
@tylerdurden69420 6 жыл бұрын
I guess this video is so concise and balanced in its observations that all the haters and trolls got nothing else to do but laugh at these guys' baldness. It's pretty sad that while China's working diligently on gaining parity then surpassing us in all fields, all we're doing over here is being crybabies and whining about how they "terk ur jerbs!!!"
@bigsonny45 6 жыл бұрын
Prof. Shirky is Scott's brotha from another mother!
@antonioaguilar103 6 жыл бұрын
On the chart where Chinese are quite optimistic about what goes on their country compared to other countries (14:20). I wonder if this is the effect of the censorship and media restrictions. Could be a case of: "the less you know ... the more happier you are ..."
@chriss7196 6 жыл бұрын
Not necessarily true, since Chinese are generally very informed.
@tonyoliver2330 6 жыл бұрын
When Google wallet first started on my Nexus 5 phone, I thought it was so cool just tapping to pay but then the banks stopped the clearing process and it was so confined that I just stopped using it.
@nathanmcintosh6004 6 жыл бұрын
Music credit?
@macberry4048 4 жыл бұрын
It's the icing problem from the first Ironman, you have the technology but you haven't lived with the technology and figured out what improvements are needed and you don't know the limitations of the technology
@svttc 6 жыл бұрын
in the 80's 90% of students from mainland China chose to stay in US; this dropped to 20% in 2016.
@HeyTylerAustin 6 жыл бұрын
It's pretty strange how the US has failed to adopt NFC/contactless payments. I just recently moved from Canada to the US and none of my credit cards here have the technology, and barely any stores accept it. In Canada, it's everywhere.
@heronlord228 6 жыл бұрын
Its a matter of total cost, and willingness to pay, versus the marginal increased utility. Ultimately no transaction is as fast or cheap as cash,(when you add up all the man hours a society spends on dealing with it, not just the instance of transaction) and remember most cash transactions are untaxed in the US, so that cost difference plays a much larger role in the US vs other nations.
@tthecooljose4674 5 жыл бұрын
2:19 'tis the key
@loveinthelandfill1124 6 жыл бұрын
Which one is Moby?
@sph_dng 6 жыл бұрын
The iPhone X commercial song tho!
@tusarmandal 6 жыл бұрын
I am Watching this video on a Xioami Note 3😊😊😊😊😊
@bethebest1866 6 жыл бұрын
What about business and entrepreneurship? China or United States?
@BeastinlosersHD 6 жыл бұрын
Cooks and runners? The restaurant just sounds like a sit down, more modern sonic..
@jiffylou98 6 жыл бұрын
man, you get the patent for the cloning machine yet?
@giordanocerrano3417 6 жыл бұрын
Why is Scott talking to Scott from the future?
@marthafockur6411 6 жыл бұрын
That is Tom Hank.
@Aint1S 6 жыл бұрын
That was 18 minutes, WTH just happened to the time!? It started and it was over way too fast!
@MindandQiR1 4 жыл бұрын
Imagine a blackout, no electricity, no WiFi. If you have no cash, you’re screwed. Also say goodbye to privacy, everything you do will be recorded and traceable. The Chinese are optimistic, are you sure they are sincere? If they express their pessimism, that might effect their social credit score and they sure don’t want the consequences of that!
@TheFeltie 6 жыл бұрын
It's the same in Denmark, cash is useless, you either pay with your phone, which is dominated by MobilePay- local banks system or a card.
@rokyericksonroks 2 жыл бұрын
In other words, the freedom and anonymity of cash is gone. The banks stand between consumer and producer, muddling the picture where price discovery should be taking place. How is this good, unless I’m a banker?
@s.flanders 6 жыл бұрын
It would seem I picked the right company to work for.
@JustMark87 6 жыл бұрын
Isn't what makes the blockchain work so well the large quantity of individuals giving processing power to the network? If you were to use the blockchain without the promise of earning currency how would you recruit the very element that makes the blockchain so successful and transparent as it currently is under bitcoin?
@abdc1928 6 жыл бұрын
The song lmao
@thatJustinUknow 6 жыл бұрын
Fascinating!
@201950201950 6 жыл бұрын
When I had my note seven I realized I could do Samsung pay but I am not paying to use Samsung pay I'm not going to pay you so I can pay for something.
@Rasectos 6 жыл бұрын
Nose hair game on point!
@CJJuyt23 6 жыл бұрын
Clay... come on, you didnt walk into a store to buy that phone. That phone was only sold online.
@thomasauger9435 6 жыл бұрын
Am I the only one who thinks Clay Shirky has kind of the same mimics as Simon Sinek when he talks ?
@EvannaW 6 жыл бұрын
Somehow all this QR code thing gives me a lot of stress.. I could not decide where I am half of the time back in Shanghai or Beijing. It's like living in a SiFi movie combing 19th century social structure and 23rd century tech-lifestyle. I prefer primitive lifestyle.. chicken running around in JFK, or a monarch and the weird heirs. Those are not that confusing.
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