China is a latecomer in the world high-speed rail industry. In the traditional high-speed rail industry, three countries of Japan, France and Germany has been regarded as the first movers, and China has jointly developed with these three countries and entered the high-speed rail industry. What is remarkable is that China has partially transferred its technology from these three countries, and then internalized it to acquire system integration technology and developed its own high-speed railway model of CRH380 series. With the market exchange technology strategy, all the high-speed rail starting companies in the world are brought to China and transferred their technology. By reverse engineering of these technologies, China could developed their own technologies, we call it as “Block assembly strategy.” Thanks to Chinese government’s promoting of tripple helix system and strong support, China could catch up first movers successfully. This study suggests practical implications to the late movers how to get technology transfer and to integrate them in some high-tech industries.