Date
10 December 2018
Chinese firms need to take the intellectual property rights issue more seriously, heeding calls from the West, especially the United States. Photo: Bloomberg
Chinese firms need to take the intellectual property rights issue more seriously, heeding calls from the West, especially the United States. Photo: Bloomberg

Chinese firms should learn to respect intellectual property

Beijing-based startup Redcore claimed recently that it has developed the first home-grown web browser, and also disclosed that it raised 250 million yuan in funding.

However, online postings have revealed that the installer contains Chrome files.

A company spokesman denied plagiarism, but issued a statement that it has revised the core structure of Chromium on which Google’s Chrome is based.

Redcore admitted that it had failed to clarify on that point and may have misled some people into believing that it had invented the web browser from scratch.

US President Donald Trump has been slamming China, saying Chinese companies don’t respect intellectual property rights.

Despite the questions, most of the firms still manage to raise funds from the market. That reflects the failure of mainland investors to do proper due diligence to check the authenticity of claimed innovations.

Hopefully, Chinese enterprises could learn to respect intellectual property rights one day. Only by doing that can they gain respect from other nations.

The full article appeared in the Hong Kong Economic Journal on Aug 23

Translation by Julie Zhu

[Chinese version 中文版]

– Contact us at [email protected]

RC

 

Hong Kong Information Technology Federation honorary chairman

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