Vast Potential Market For Mobile Commerce Waiting To Be Reached
AdAge China reports on a new study that finds mobile web users in China have outnumbered those in the U.S. — not entirely surprising, since the number of mobile phone users in China outnumbers the entire US population, but still significant.
Of 57 million people with web-enabled mobile phones in the U.S., 18 million, or about 31%, use the devices to connect to the internet. Of 182 million people with web-enabled mobile phones in China, 102 million (56%) use them for web-surfing.
In China, people spend more of their monthly income–about 2-3%–for voice and data plans, compared to about 1% in the U.S. However, fees for premium content tend to be lower in China. A song typically costs a dollar in the U.S., but might cost a quarter in China.
More than 10% of Chinese discover web services through the phone first and then migrate to the computer.
Chinese Automakers Hope to Leapfrog the Competition
Tianjin-Qingyuan: One of China's Hybrid/Electric Auto Frontrunners
Following up my last post on luxury SUVs, I noticed a rash of stories today about the opposite end of the automotive spectrum — the electric car. There has been a lot of chatter about Chinese electric cars in recent months, mainly brought on by Warren Buffett’s $232 million investment in BYD last October. Since then, there has been more talk on both sides of the Pacific Ocean about increasing production of electric and hybrid vehicles, not only for the environmental benefits they bring, but also to corner a lucrative new global market. As China’s automotive market is still relatively young, competition will be fierce between new Chinese automakers like Shenzhen-based BYD and Tianjin-based Tianjin-Qingyuan and the more established Japanese powerhouses and North American giants (if they manage to get their act together in time). No matter what, manufacturing electric and hybrid vehicles is big business, even if you just count the Chinese domestic market. And the Chinese government is making it clear that they think the country can become the world’s electric vehicle manufacturing epicenter and eclipse production from other traditional auto capitals. As the New York Times writes,
Posted in Automobile, Business, China
Tagged auto, Automobile, Business, BYD, car, China, electric car, environment, tata