Tencent and Alibaba: 1/3 of their revenues from $ in startups
“Of course, even with the best in-house talent and innovation process, companies cannot come up with the best ideas on their own. That’s why a complete innovation ecosystem requires collaboration with external innovators.“ Of course, even with the best in-house talent and innovation process, companies cannot come up with the best ideas on their own. That’s why a complete innovation ecosystem requires collaboration with external innovators. Just look at successful tech companies Tencent and Alibaba: according to the Financial Times, they generate over a third of their revenues from investments in external startups
Osterwalder, Alexander, Tendayi Viki, and Yves Pigneur. “Why Your Organization Needs an Innovation Ecosystem.” Harvard Business Review, November 15, 2019.
HBR