China, UK and other countries take away privacy with massive use of cameras, cellphone, internet browser and credit card monitoring.
Getting E-Commerce Deals With Your Friends
China has its massive social credit program and technological monitoring of its people. They also have the most successful e-Commerce companies in the world. E-Commerce and mobile payments will soon surpass half of all financial transactions in China. The e-Commerce apps have cracked the code of providing value, discounts , prizes and gamification.
Amazon, Facebook and Google have been highly successful in driving social behavior and taking a growing share of commerce. However, the Chinese Apps and commerce appear to have deeper penetration and engagement.
Instagram has 500 million active daily users who hit like buttons about 4.2 billion times per day. WeChat has 80% weekly active penetration and an average of 391 weekly opens. This is about 55 daily opens.
Pinduoduo is the Fastest Growing Newcomer
Pinduoduo exceeded US$15 billion (100 billion RMB) per year of sales on the platform 2 years after its launch. By mid-2018, Pinduoduo had over US$35 billion in 12 month sales (262 billion RMB).
The second largest ecommerce App in China offers discounts of up to 90% off every day items. You have to gather your friends on WeChat for a bulk order directly from the manufacturer.
Pindoudou sales are over fifteen times larger than Groupon. The average Groupon promotion is 50% off.
Share the app and hook your friends for 60-90% discounts.
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.