The New Development Trend of Chinese-funded Banks and Internet Financial Enterprises from Patent Perspective

Relying on the perfect integration of Internet technology, new business format and financial services, the Internet finance is developing at an unexpected speed, bringing impacts to Chinese-funded banks in the traditional business and emerging areas such as customization. Based on the preliminary study of the close contact between Chinese-funded banks and Internet financial enterprises as well as the necessity of patent protection, the paper proposes a comprehensive analytical framework and makes statistical comparison between 5 well-known Chinese-funded banks and Alibaba Group’s patents from the perspective of annual trend, collaboration, application organizations, citation and other characteristics with data up to 2014 collected from Derwent Innovations Index(DII). It builds a Derwent Manual Code co-occurrence network with time coordinate by combining with visual tools and quantized the respective patent focuses of banks and Internet financial enterprises from the perspective of frequency and burst. After analysing the patents’ contents, the paper discusses the mode of patent assignment. Finally, according to the status of patents, the paper concludes the strategic layout of domestic banks and Internet financial enterprise’s intellectual property protection to predict the trend of further competition and alliance. Conference Topic Patent Analysis