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Notes on tech

Notes on technology, business, enterpreneurship, economy, markets along with interesting general tidbits.

Internet related numbers in China

9/03/2005 08:24:00 PM, posted by anand

Only about 8 percent of Chinese residents (103 million people) have internet access compared to 55 percent of residents (203 million people) in the US. Internet use is growing by 5 percent a month in China.

Online advertising will be around $180 million this year in China. Compare it with Yahoo which had around $3 billion of worldwide advertising revenue. Online advertising is expected to grow at 30 to 40 percent in China.

Only 12 percent of internet users in China, shopped online in 2004. Like India, even China is primarily a cash transaction favored place. Only 3 percent of people use a credit card in China.

It seems that there are still a lot opportunities in China, specially for companies who still have to establish a presence. I am not talking about the Yahoos and the Googles of the world. I am talking about the smaller companies who might still be in a wait and watch game for various reasons. Seems like the party in China is about to begin!
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