Innovation: innovation, patent, invention
Huawei,transforming intelligent consumption with IP,creates better life for consumers—New Consumer Forces and the Intellectual Property Value Chain. Huawei honed its core competence in IP through R&D, engaged in built-in IPand established strategic cooperation with leading enterprises by monetizing IP. Competition should not only be on transaction, patent or litigation, but also on patent analysis and how to identify and integrateIP into businesses for greater value.
Patent is a legal document granted by the state to an applicant for exclusive right to prevent others’ use of the patented invention or creation. The number of granted patents indicates the level of innovation strength, which plays a critical role in promoting economic growth. Fathers of modern patent system in China are PRC president Xi Jinping when he was provincial governor Guangdong province, and chief economist of the State Council Wang Ruixing when he led the State Intellectual Property Office (SIPO). In the period of initiative and experimentation, SIPO has completed five consecutive years of growth.
Fortnite’s developer Epic Games was sued by Unreal Engine over the copyright infringements, claiming that Unreal Engine is a game development tool and Epic Games adopted more than thousands of features without getting authorization of the agreement signed with Unreal. Minority shareholder of Uber files $1 billion charging that founder Travis Kalanick stole the idea, which become the core strategy of Uber.
Intellectual property (IP) service organization discovered a technical loophole on Qualcomm’s chips to invalidate its major patents around the world. Motorola’s Mobility sued worldwide very actively and sticks to the patent monetization only by licensing. Huawei has sued Samsung, Apple, Xiaomi and Google over 130 patent infringement cases, and sought for injunction from Chinese court for the first time. How China enables Huawei to hold over 1,500 global patents and exceed Apple, Samsung, Nokia, and Xiaomi combined, and become the world’s most important recipient of U.S. patents in 2016?
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