P&g's innovation at a cost of $2 billion this year accounted for 15% for the year

Procter &gamble, general manager of Beijing technology center Xu You years to netease financial said today, p&g has invested billions of dollars in the field of innovation and research and development this year. The company - this year Net profit for the first month. The equivalent of about $$% of annual net profit. Xu You years, says innovation can save a lot cost. He is in p&g in collaboration with the Chinese Academy of Sciences make innovation platform conference netease finance interview. Procter & gamble in collaboration with the Chinese Academy of Sciences began in the month of the year, at present has produced a series of research achievements, but Xu You years did not disclose the specific output results of concrete. Procter & gamble, according to this model will promote to Israel, Russia and other countries. This is a cooperation to p&g contact and development results. The division was established in years, is p&g for external technology innovation platform. Relative to other industry enterprises, procter & gamble more inclined to external cooperation. In external cooperation, procter & gamble more inclined to proposals to external ordinary people and cooperation with scientific research institutions, rather than the usual outsourcing. 'Outsourcing is indeed a good way, but outsourcing can reduce the internal research and development personnel. 'P&g greater China contact and development manager Jin Haofang said.