Official: Patent licensing grows with innovation

Number soars to 10,000 from just 118 agreements

As more innovation is developed and available, patent licensing is expected to show strong growth in China, according to a senior official at the State Intellectual Property Office (SIPO).

Cao Donggen, vice-director of SIPO's patent administration department, told a conference in Beijing on Dec 22 that an increasingly active licensing trade has emerged due to new patent alliances and IP firms in big cities like Beijing, Shanghai and Guangdong.