China Internet Report 2020


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If you do nothing else today, watch this short video on the China Internet Report 2020 in which Gary Liu of the South China Morning Post outlines the 3 key internet trends in China which are:

Trend 1 – Covid 19 will have a lasting impact on China’s Tech Sector
Online media consumption in China has increased by 30% over the past 12 months which is transforming many industries, especially education (which has seen an increase of 79 million users during the Covid period) and healthcare. This creates, amongst other things, opportunities for global content and educational providers to deliver training and coaching to literally millions of Chinese people. Do you know anyone who might be interested in doing that?

Trend 2 – 2020 will be the Year of Mass Adoption for 5G in China
By the end of this year, China is expected to have 160 million people accessing their new 5G network, meaning that they will access internet download speeds which are 100 times faster than 4G. Apart from the obvious advantages of increased speed, 5G is the backbone of the ‘next quantum leap in technology’, especially in the development of new smart cities (e.g. self-driving cars, smart buildings, remote surgery etc.) and China is off to a running start. Do you know anyone who might be able to take advantage of this?

Trend 3 – Live-streaming continues to evolve and expand in China
Live-streaming is being used by all kinds of traditional industries to increase sales, especially in health and beauty products (which lends itself well to video demonstrations and promotions) but also in real estate, cars, travel and home appliances. With a smartphone and a product, service or message to sell, you can now reach 613 million consumers (a market size of $16.3 billion) via live-streaming. Do you know anyone who could do this?

China’s tech industry is BIG and getting BIGGER. With 900 million regular internet users, these innovations and evolutions will only grow faster. And the good news is that it’s all “open source” i.e. anyone can access it if they have something of value to sell.

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