Made For The World. Built And Designed In China.
For years, the iPhone has carried a small etching on the back that says ‘Designed by Apple in California. Assembled in China.’ It’s fueled the stereotype that China is the world’s factory, but hasn’t had a flexible enough education system to produce R&D talent that can also design world-class products for a global audience. But that’s a stereotype that isn’t exactly true anymore. A small group of companies — both small, bootstrapped app startups and multi-billion dollar giants like Tencent — are showing that they can design apps or higher-end hardware with international appeal. Tencent, one of the country’s gargantuan Internet powers with a market cap of $72 billion dollars, often likes to point out the international reach of its messaging app Weixin or WeChat. That app has blossomed to more than 190 million monthly active users over the past year and with about 40 million of registered users outside of China. “I’m very glad to see the internationalization of Tencent,” ...
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Alibaba Group's New Stake In Sina Weibo May Help Its Nascent Smartphone OS Gain Traction Against Android & iOS
Pouring $586 million in Sina Weibo gives Alibaba Group several perks, including an inroad into social media and access to the microblogging platform’s data. Not only that, but its new 18 percent stake in Sina Weibo may also give Alibaba Group a leg-up as it seeks to promote its own smartphone operating system Alibaba Mobile OS (AMOS) as a rival to Android. As the Wall Street Journal writes, Alibaba Group’s investment in Sina Weibo means that it now has access to data generated by the platform’s 46.2 million daily users. This is on top of the 500 million registered users on Taobao, one of Alibaba Group’s e-commerce sites. “If you are a big Internet company and you are ambitious enough in the mobile space, you have to do more than apps. Otherwise, you are just a small species in an ecosystem controlled by others,” Alibaba chief strategy officer Zeng Ming told WSJ. Zeng said that Alibaba Group’s target for AMOS is to power 10 percent of all smartphones shipped in China, an ambitious ...
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vTel Deploying Gigabit Internet In Vermont At $35/Month
symbolset writes "Up to 17,500 rural Vermont subscribers of vTel, a legacy copper telephone company, stand to get gigabit fiber to the home. Funded by a $95 million U.S. grant and $55 million in coinvestment from a utility for smart meters, the 1,200 mile fiber network will cost $8,500 per home — if every subscriber takes the gigabit Internet. Currently the company is doing its best to convince people this is a product they need, but have seen only 600 takers so far. The federal grant is part of $7.2 billion in broadband stimulus funds that seem to have accomplished very little."
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Larry Page: Google's Focus On Constant Iteration Will Shift Toward Big Bets Like Google Fiber And Glass
During today’s Google Q1 2013 earnings call, CEO Larry Page gave us a rundown on exactly what the company has been up to in this quarter, as well as some insight on how he’s currently running the company. Page took over from Eric Schmidt in early 2011, and since then has started bringing all of the company’s services together, under the umbrella of helping people get access to information quickly. Page discussed Google’s current “big bets,” which are Chrome, YouTube and Android as the mature products that are important to continue innovating on. However, Page made it clear that as CEO of the company, it’s his job to focus on the future. He said: “Companies tend to get comfortable doing what they’ve always done, with only a few minor tweaks. It’s only natural to work on the things you know. Minor changes make things obsolete.” It was very interesting to hear Page gloss over its search, advertising and business offerings. Interestingly, he didn’t even mention Google+. ...
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China's E-Commerce Market Grew To $190B In 2012, Driven By Mobile Users and Social Media, Says CNNIC
China’s e-commerce market racked up a whopping 1.3 trillion RMB ($190 billion USD) worth of transactions in 2012, according to a report by the China Internet Network Information Center (CNNIC) (linked article is in Chinese), an increase of 66.5 percent over 2011?s total. Last year, 242 million Internet users purchased goods online, and e-commerce transactions accounted for 6.1 percent of total retail sales of consumer goods. The growth was driven in large part by mobile users: during the last half of 2012, 40.7 percent of online shoppers used a mobile device to browse e-commerce merchandise. More than half–53.6 percent–browsed a merchandiser’s mobile app instead of accessing its main Web site through their device’s Internet browser. 53.3 percent of the respondents who used their mobile devices to shop said they did so while at home, and many stated that their smartphones had begun to replace their home PCs. 26.2 percent said they browsed items on their smartphones while at work ...
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