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Business

Innovate or die, says chairman of China's BOE

Display maker looks to tap new innovations and make new friends

BOE Technology Group Chairman Wang Dongsheng

Innovation offers businesses the only path for survival in the age of connected devices and artificial intelligence, said Wang Dongsheng, chairman of Chinese display maker BOE Technology Group.

"BOE ensures at least 7% of our revenue goes to research and development every year, and in some years it could reach more than 10%," Wang said. "Some said we were crazy, but in my view it is crazy not to invest in R&D and not to insist on technology innovation. ... We have to rely on innovation."

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