NEWS The 10th China Intellectual Property Annual Conference (CIPAC) was held in Hangzhou on September 2nd 2019. The CIPAC, formerly named as China Patent Annual Conference and China Patent Information Annual Conference respectively, reflecting its previous focus on patent-related matters, has become an all-inclusive IP event this year covering trademark, industrial design, and geographical indication (GI) as well. The theme of this conference was "IP, Evolving with the New Era". Representatives from IP offices and organizations, IP firms, universities and research institutes, and enterprises, both from home and abroad, gathered to explore issues related to IP operation and services, rights protection, legislation, and judicial enforcement surrounding the theme.
As one of the main strategic partners of the annual meeting, Purplevine IP was officially invited in Hangzhou International Expo Center, Hangzhou, China, at Booth 105, Hall 3B. Mr. Yang Jin, the Chairman and CEO of Purplevine IP, attended the main forum as a guest speaker and delivered a keynote speech on TCL's patent operation practice in the international IP operation market. During the exhibition, our team conducted in-depth communication with the industry and enterprise representatives and introduced the latest business presence of Purplevine IP to the visitors, which aroused great interest of the visiting customers.
CHINADAILY | Scholar: China en route to becoming IP powerhouse
China's achievements in the construction of an intellectual property system since its entry to the World Trade Organization show the country has become a big IP filer and is embarking on a jourey toward becoming an IP powerhouse.
Shan Xiaoguang, president of Tongji University School of Law, made the remark in his recently published essay. He will host a forum on IP monetization in the context of economic globalization in a session of the 10th China Intellectural Property Annual Conference scheduled for early September in Hangzhou, Zhejiang Province.
"The international economy is transitioning from being driven by resources, capital and technology to becoming IP-driven, as exemplified by the cases of the United States, the European Union and China," Shan said.
According to an official report, IP-intensive industries contributed $5.06 trillion, or 34.8 percent, to the US GDP in 2010 and produced 40 million jobs, 27.7 percent of the country's total.
From 2008 to 2010, IP-intensive industries in the EU generated 4.7 trillion euros ($5.22 trillion) in average annual output value, accounting for 39 percent of GDP in the region and creating about 76 million jobs directly and indirectly.
Similarly, IP-intensive industries have seen rapid growth in China.
A report from the National Intellectual Property Administration found that by the beginning of 2018, the added value of China's patent-intensive industries accounted for 12.4 percent of national GDP and was increasing year by year, Shan said.
"China's copyright-intensive industries have also made great contribution to the country's economic growth, job opportunities and foreign trade, a sign of China's success in IP protection," Shan added.
Now the fourth industrial revolution is shaking up the world and countries and industries are increasingly interdependent, Shan said that it is more important than ever for China to optimize its IP system to stimulate innovation and technology diffusion.
Yang Jin, chairman of Purplevine IP Operating(Shenzhen) Co., Ltd., a Shenzhen-based company, said that for businesses, the most valuable asset is often intangible, and the value of intangible assets cannot be realized if they only appear in the company's financial statements without any proper operation.
The company, affiliated with Guangdong-headquartered electronics giant TCL, has performed remarkably among Chinese enterprises that have invested in IP protection in the global market.
"Established in 2018, it is our response to the increasingly complex and competitive IP environment," Yang said.
Within a year, Purplevine IP has flexed its muscles in IP operation. For instance, it has valuated Shenzhen China Star Optoelectronics Technology's 500 patents at more than 1.2 billion yuan. The valuation helped Star obtain patent-collateralized loans.
"We are developing solutions for companies to navigate the global mar. We identify patent risks in the main target markets and offer countermeasures," Yang said.
"Together with many clients involved in international patent lawsuits, we strive for the best settlement results."
"Moreover, we have set up an industry patent operating platform for hundreds of members to conduct patent exchanges and transactions," he added.
Shan said the content of IP-intensive industries is never fixed. Whenever there is an emerging science and technological trend, innovations and IP-intensive industries will also break through.
By Yin Ruowei | China Daily
Proofreading: Purplevine IP
China Daily 08/29/2019 page17
yinruowei@chinadaily.com.cn
