According to CB Insights, there are 41 fintech unicorns valued in aggregate at US $154.1 billion. This includes 25 US-based startups, 8 based in Asian, and the remaining 8 split between Europe, Australia, and South America. Chinese big tech giants including Alibaba, Tencent, JD.com, and Baidu are regarded to be highly innovative and successful companies. So what drives innovation success in China?
In this episode of Judge me by my cover, Richard Turrin joins Arun Krishnakumar and Theodora Lau. Richard is the author of No. 1 international best seller “Innovation Lab Excellence,” and lives in Shanghai, China. He is a Fintech expert with over 20 years of experience in leveraging new technology to drive revenue growth for market-leading companies.
In this episode, Richard shares his journeys from AIG in the US, to his career in Australia, South East Asia and China. He witnessed the express growth of cashless payments in China. We discuss how the Chinese techfins are stealthily expanding globally through investments and acquisitions.
We discuss Richard's recent bestselling book on Innovation labs and what inspired him to write the book. Richard shares some of the key takeaways from his book, and gives us a sneak peak of his second book on China.
Listen in for more insights from Richard Turrin.