* Whether it’s building, investing, or acquiring, Baidu, Alibaba, and Tencent are present across the internet ecosystem.
* China Internet Empowers Rural Population – The number of rural internet users in China reached 209 million in 2017 with a penetration rate of 35%. The internet has contributed significantly to the development of ecommerce, education and media in rural China.
* China’s Internet Companies Embrace New ‘Social+’ Model. Chinese ecommerce companies have adopted a Social+ model where their business is anchored by a social pillar that drives user engagement and growth.
* China’s Government Is The Visible Hand. Success or failure in China’s internet landscape, especially media or fintech, is contingent upon government authority.
* Among all of China’s 124 unicorns – private companies with a valuation of US$1 billion or above – 50.8 percent are controlled or backed by BAT, according to a February report by information service provider ITJUZI. The triumvirate is also looking beyond China for investment opportunities with a total of 150 companies outside of China receiving money from BAT, the China Internet Report noted.
* Although China’s internet penetration is just over 50%, its sheer scale means that there are 3x the number of smartphone users and 11x the number of mobile payment users in China than in the U.S.
More than 600 million people in China regularly use social media apps, according to data by eMarketer. This enables a new business model called Social+. In Social+, different industries such as education, news and e-commerce are anchored by a social pillar that drives user engagement and growth.
Social commerce apps Pinduoduo and Xiaohongshu are leaders in Social+.
Pinduoduo leverages WeChat, China’s largest messaging and social networking app with one billion users, to grow its user base.
Xiaohongshu started a small community of its own, attracting users to be a part of it and contribute content.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
This has two effects: for the rest of the world its positive, the gold farmers go home as they can now earn serious money. if you have money in China you pay some to farm bonus points at the government and you have an nice get out of jail card. if you don’t have money it suck, this is very standard in history. If this is smart of China? probably not, I would have an program but keep it secret. That they are doing is making an goldfarmer paradise, the data they get is that they pay to get. The scary part is that the leadership would probably believe in this data.
This has two effects: for the rest of the world its positive the gold farmers go home as they can now earn serious money. if you have money in China you pay some to farm bonus points at the government and you have an nice get out of jail card. if you don’t have money it suck this is very standard in history. If this is smart of China? probably not I would have an program but keep it secret. That they are doing is making an goldfarmer paradise the data they get is that they pay to get. The scary part is that the leadership would probably believe in this data.
Unless you’re a Chinese troll. .
Unless you’re a Chinese troll. .
Considering what I’ve read about the ‘Brave New World’ (rather than Orwellian) methods of control being used in the Chinese internet, it seems strange to vote ‘happy’ about this article.
Considering what I’ve read about the ‘Brave New World’ (rather than Orwellian) methods of control being used in the Chinese internet it seems strange to vote ‘happy’ about this article.
This has two effects: for the rest of the world its positive, the gold farmers go home as they can now earn serious money. if you have money in China you pay some to farm bonus points at the government and you have an nice get out of jail card.
if you don’t have money it suck, this is very standard in history.
If this is smart of China? probably not, I would have an program but keep it secret.
That they are doing is making an goldfarmer paradise, the data they get is that they pay to get.
The scary part is that the leadership would probably believe in this data.
Unless you’re a Chinese troll. .
Considering what I’ve read about the ‘Brave New World’ (rather than Orwellian) methods of control being used in the Chinese internet, it seems strange to vote ‘happy’ about this article.