This document discusses trends in technology and business in China. It notes that China has over 750 million mobile phone users, over 230 million mobile internet users, and estimates over 42 million 3G mobile phone users by 2010. It also discusses venture capital funding in China, with 94 new VC funds and $5.9 billion in new funding in 2009. Internet companies received the most investments totaling $192 million. The document also examines social media and networking in China, as well as trends around copying, innovation, and the cultural and creative industries.
3. China, a country with...
• Mobile phone users 756M
• Mobile internet users: 233M
• 7.2M 3G mobile phone (2009); 42.97M
(2010 estimate)
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4. plus...
• New VC funds: 94 (RMB fund 84)
• New funding: $5.9B
• 176 IPOs (2009)
• total 1200 funds (VC/PE) in China
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5. IT get 20 investments, total amount $192M.
Internet gets 45.9% of it.
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14. innovation
1. original innovation (iPhone, Facebook)
2. application innovation (netbook)
3. business innovation (Starbucks)
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15. to challenge existing assumptions
about business models, growth,
resource use and value and where
ultimately hopefully we can achieve
new impact.
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16. Buffet's $230 million investment on his
company -- a story of copycat and innovation
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18. cultural creative
• Film in China (2009)
• 6.2B RMB
• new screens 626 (total 5000 screens ;
1/10 of US)
• 30% annual growth rate
• Huayi Brothers IPO
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24. We believe that technological innovation is
often the key to attracting users early on. But
we do not invest in the technology itself,
because we believe technology differentiation is
increasingly difficult to sustain. The technologists
we do back are seldom doing basic electrical
engineering. More often, they are user
experience gurus and/or quants who can derive
useful insights out of the flood of data that is a
byproduct of users interacting with their
service. (Union Square Ventures)
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29. • Tim Brown, CEO of IDEO: 'T-shaped employees.'
• 'people who are so inquisitive about the world that
they're willing to try to do what you do. We call
them 'T-shaped people.' They have a principal skill
that describes the vertical leg of the T - they're
mechanical engineers or industrial designers. But
they are so empathetic that they can branch out
into other skills, such as anthropology, and do them
as well. They are able to explore insights from many
different perspectives and recognize patterns of
behaviour that point to a universal human need.
That's what you're after at this point – patterns that
yield ideas.'
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