China Internet Report 2018
China Internet Report 2018
Published on July 10, 2018 at 09:20AM
At Rise Conference in Hong Kong on Tuesday, Abacus executive producer Ravi Hiranand, South China Morning Post technology editor Chua Kong Ho, and 500 Startups partner Edith Yeung presented China Internet Report 2018, highlighting the big names and wider trends shaping China's technology. The takeaway: China has nearly 3 times the number of internet users as the United States, and the gap will only widen: China has 772 million internet users, vastly more than the 292 million in the US. And there's still plenty of room to grow -- internet penetration is only at 55% in China, while in the US, it's 89%. Beijing is China's unicorn capital: Some of China's biggest tech giants may have started in Shenzhen, but Beijing leads the way with 31 tech unicorns. (Shenzhen has just 11!) China's internet giants are doing everything: From streaming video to self-driving cars, the big three (Baidu, Alibaba and Tencent) are present in almost every tech sector, either by investing in startups or by building it themselves. Government policy continue to actively shape China's tech industry. China's online shopping giants are going offline.
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Published on July 10, 2018 at 09:20AM
At Rise Conference in Hong Kong on Tuesday, Abacus executive producer Ravi Hiranand, South China Morning Post technology editor Chua Kong Ho, and 500 Startups partner Edith Yeung presented China Internet Report 2018, highlighting the big names and wider trends shaping China's technology. The takeaway: China has nearly 3 times the number of internet users as the United States, and the gap will only widen: China has 772 million internet users, vastly more than the 292 million in the US. And there's still plenty of room to grow -- internet penetration is only at 55% in China, while in the US, it's 89%. Beijing is China's unicorn capital: Some of China's biggest tech giants may have started in Shenzhen, but Beijing leads the way with 31 tech unicorns. (Shenzhen has just 11!) China's internet giants are doing everything: From streaming video to self-driving cars, the big three (Baidu, Alibaba and Tencent) are present in almost every tech sector, either by investing in startups or by building it themselves. Government policy continue to actively shape China's tech industry. China's online shopping giants are going offline.
Read more of this story at Slashdot.
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China Internet Report 2018
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July 10, 2018
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