New statistics released by the Chinese Government show that China is due to surpass the United States as the nation with the most internet users in the coming months.
The state-owned China Internet Network Information Center said that China’s total number of Internet users rose 53% to 210 million at the end of 2007 up from 137 million at the end of 2006 and 162 million in June 2007. According to the WSJ, China is now just five million users shy of surpassing the United States as the world’s largest Internet market.
Chinese internet stocks listed in the United States and elsewhere soared in 2007 has the market continued to grow at massive rates. Notably though most Chinese access the internet via internet cafe’s, although home or business internet use is also rapidly growing.
@47/@48 - incomprehensible.. you only wise..
Half of them are farming WoW gold.
So who are the leading Portals in China and how does the cometition with US portals look like?
Major players in China and US comparation
Search Baidu Market Cap $9.26 B EPS 2.12, 3 month traffic reach -18%
Google Market cap 187.73, EPS 12.78 3 months traffic reach 8%
Sina.com Market cap 2.17B, EPS 0.88, rearch -45%
Yahoo Market cap 27.77 billion EPS 0.51 reach 8%
I did not get it, most of the chinese internet players’ traffic reach is going down recently. But Google and Yahoo are growing steadily.
Very good for China…
It’s the next big player in the market for my opinion…
@54 - EPS meaningless without $/share alongside.. in any case, meaningless comparison
Post 40 hits the nail on the head…..
Look, I’ve been here in China since 97. Until you actually have your feet on the street here, and get to know business in China, you simply just don’t “get it”. If people want to ignore the explosive metrics ( ie: 200 million + internet users; 500 million + mobile phone users), that is fine, but those people are living in denial.The energy, excitement, and overall feeling of inevitability here is palpable - ignore at your own peril. For the life of me I can’t figure out how smart and savvy business professionals can today discount what’s going on over here.
Invariably it seems, as evidenced in posts above, someone will trot out the old “what about the human rights and evil government?” arguments. Folks, China aint the enemy, unless we decide to make them the enemy. People here are the same as people in the states. Tech applications that add value to people’s lives in San Rafael will also add value to people’s lives in Shanghai, Chengdu, Beijing, and on and on. There’s over 100 cities here with over 1 million citizens. Do the math.
it is my hometown! i love China!
http://www.vdoob.com/love/China
After did some more research, I was convinced that chinese internet industry is a bubble which is very similar to dot come bubble here at US. The internet traffic reach has been decreased for all the major players sina, tom, 163.com, Baidu, and sohu. The increase of stock price and decrease in the internet traffic reach is not match and does not make sense, From business point of view. I love China too, and I believe China has great potential. But that will come untill China developed its own high tech industry, like South Korean. South Korean successfully developed its own brands like Sumsong. Which is Chinese brand?
True, today the majority of their users may be playing games. The fact that they are not using the net for business really has to do with the type of restrictive economy they are rtying desparately to get out of. As they move closer and closer to a free western style economy, because the Internet user infrastructure will already have been in place for a while, and with savvy users, they very quickly will bypass us in the business use of the Internet.
Same thing holds for India though I suspect that their usage would be more business support oriented from the get go.
Thanks for sharing. I hope this will translate into more business for our web hosting operation in Shanghai
yes,sure,china is raising.
Hi Duncan, look and the Internet Usage Stats as well as penetration rates and exrapolate. We are facing a different future: http://www.felgner.ch/2007/11/understand.html. Harald
The trend is global, not just interactive. More and more people travel to China every month. We’ve been witnessing this pattern for quite a while now. BTW, to check China visa requirements you can visit http://china.visahq.com )
I was inspired by Robert Scoble and others interested in learning more about the Chinese blogosphere to start blogging about the Chinese blogosphere in the hopes of creating more awareness in the overall blogosphere about this multilateral world we live in. We are at a tipping point where Americans will need to pay attention to what is happening in the rest of the world. There are some great blogs about China out there already: Danwei, Zonaeuropa (ESWN), Digital Watch, RConversation, TechBlog86, CWRblog, Chinalyst, Imagethief…if anyone wants a pointer to some great China blogs drop a comment on my blog with what you are interested in and I’m happy to send you off to the great content that is out there.
@Abasha, if the U.S. economy into what you call a depression (which is actually incorrect, we’re facing a recession.) China will be affected, and I gurantee the blow will be more devastating there than the U.S.
Anyways, considering that I’m an daily forumer, I don’t see Chinese people that often, actually I see more people from Scandinavia than anywhere else.
The international Language for Internet Business is English.
Wher you can make all work and communication in English with low price in Domain Tax and with a governmental language also in English you have a good basis like dot com for a intresting consumer friendly Top Level Domain.
India is the biggest Democracy in the World with excellent free Universities and the World Leading Standard for Software and IT Business.
And a main language in India is Indian English = Indish
http://www.indish.in
And Google’s chief executive Eric Schmidt has predicted
that India and not China will become the world’s biggest Internet market in “about five or ten years from (2006) now , based on current trends.”.
Thanks