05/26/2005
Notes from David Kirkpatrick’s Fortune article: China’s Future: A Nation of Geeks?. A summary of recent FORTUNE Global Forum 2005 - China and the New Asian Century which take place in Beijing on May 16.
China with:
350 million cell phone users.
100 million internet users, its NO.2 behind the U.S.
“Yahoo’s Terry Semel and eBays Meg Whitman say that the China could be their biggest market within a decade, but they’ll face competition from Chinese companies.”
eBay’s competitors in China:
Taobao.com: A subsidiary of Alibaba.
1pai.com: Yahoo auction joint venture with Sina.
Yahoo’s competitors in China:
Sina, Sohu and Netease: Major Chinese portal sites.
All of them are among the worlds top 10 Internet sites in terms of traffic.
Shenda - World largest online game company:
200 million register users.
2 million players online at any given time.
President Hu: Country’s top priorities was to “improve democracy”:
People seems more interested in personal progress and business success than in political activism.
Focus on Environmental issues:
“The proper future for China is green… socialist eco-civilization,” says Pan yue, Vice Minister the State Environmental Protection Administration.
“vigorously develop the circular economy and build a resource-effective and environment-friendly society.” said President Hu Jintao.
China has about four times as much university research into efficient battery technology as in the U.S
Tags: china
2291 Comments
02/ 1/2005
According to FT New, China's biggest search engine company Baidu plans $200M IPO.
Baidu.com, China's largest web search engine, is preparing a New York listing that could raise more than $200m and test the appetite of international investors for Chinese internet stocks. The company, in which Google holds a stake, is backed by US venture capitalists and is believed to have appointed Credit Suisse First Boston and Goldman Sachs to manage the initial public offering. It is likely to take place on Nasdaq or the New York Stock Exchange.
Good news for some of my friends who are working at Baidu, Hopefully the lock-up period won't take that long.
742 Comments
10/13/2004
Just after I did my last post, I saw there is another article about Mary Meeker and The China Internet Report on Newsweek via Xiao's post on China digital News.
Meeker glossed over key issues like timing and Beijing politics, leaving a sense that she is more of an expert on the Internet than on China. That impression jumps out on page one of her own report, which cites warnings from two other Morgan Stanley
On Andrea's latest blog post:
Latest Talks On the Internet in China, Richard (who is the author of
The Pekingduck) made a insightful comment on that:
Mary Meeker was once known as "Queen of the Internet" during the dot-com boom and she was largely resposible for the huge and ridiculous forecasts for Internet stocks -- she was predicting, along with Henry Blodgett, outrageous prices for dot-coms like Amazon and Priceline, and she lost most (all?) of her credibility. Take what she says about the Internet with a HUGE grain of sea salt!
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10/10/2004
On Web 2.0 conference, Mary Meeker had 11 minutes talk about internet in China:
...that in 1850, China was 33% of the world's GDP. Today they are only back up to 4% but they are the fastest growing. 59 million Chinese Internet users 24 million Chinese broadband subscribers 15 million online gamers The economic picture is enormously different in China -- GDP per capita -- $619 China $37,000 for US [Quote via tedshelton]
Also see Jeremy's section notes:
Tons of data pointing at Internet services already big and growing in China. Interestingly, most are US companies (Yahoo, eBay, Google). 70% of Chinese users are younger than 30 years old. Wireless messaging is already big there--207 million phones. 200 billion messages in 2003. China needs help in eCommerce for many reasons. And China doesn't breed many great Internet companies yet. But there are folks there now who get it. Labor surplus in China. Mary thinks it's like the mid-1990s in the US was. This stuff will make life better in China ultimately.
Jason's blog had record mary's talk to a mp3 file. According to People's daily online article on August 2004, China's Internet users exceed 87 million. In the early time this year Morgan Stanley had released a China internet report which collect whole bunch of data analysis。I think some of Mary’s data comes from that report. On the other hand, according to our unofficial Chinese blogger counter, the existing blogger in China had exceed half million. Base on internal data from Blogdriver.com (one of most popular blog service in China), by the end of this month, the user of the service had exceed 100 thousand, and host more than 80 thousand individual blogs (some are multi-author blogs)..
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09/25/2004
China's Boom and the Environment via NPR talked about China's extraordinary economy booming and Nation's environment pollution.
The environmental consequences of China's manufacturing boom are staggering. The worsening air and water pollution are causing serious health problems. NPR's Renee Montagne talks with Elizabeth Economy, a senior fellow at the Council on Foreign Relations.
A quarter of china is now desert, at the desert advancing rate 13 square mile per year, this mean 20 to 30 million people in China are going to have to leave their home, because there not going to have access to land or water by in approaching desert.
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04/15/2004
China's gross domestic product (GDP) grew 9.7 per cent in the first quarter, exceeding consensus estimates and raising further doubts over the effectiveness of Beijing's effort to cool the economy.via FT
Compare with last year GDP average 9.1% increase, the market was blooming really fast indeed. In the same day in South China, the 95th Guangzhou Commodity Fair opens, over 27,500 exhibition stands this year. More and more multinationals are getting involved in China’s market. Although the economy grew, job market is not optimism for students. Probably 50% of Graduates may not get a job in this year. I’m not a analyst, I don’t know why the economy grew fast but the demand is still weak.
586 Comments