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WHY CHINA WILL DOMINATE THE TECH INDUSTRY IN 2015
- A REPORT BY IRISHAPPS.ORG - March 2015
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Quick Figures
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> China's Expenditure on Information and Communication Technology will be more than $465 billion in 2015, with a growth rate of 11%.
> The expansion of the Chinese technology market will account for 43% of global technology sector growth.

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The Consumer Landscape
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> More than 680 million people in China were online in 2014
> This is 2.5 times more than in the U.S.
> The Chinese are very educated, producing 8 million college graduates a year.
> The U.S. by comparison produces less than 1/2 of this figure a year.
> Dispsable income per capita in China has almost triples in 10 years  at 26955 CYN or $4352 US Dollars. It continues to grow.

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Getting to know the Chinese Tech Industry
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 ___________________________________________
| Chinese Technology   |   U.S. Equivalent  |
|-------------------------------------------|
| Q Zone               |     Facebook       |
| QQ                   |     Whatsapp       |
| Baidu                |     Google         |
| Taobao & TMall       |     Amazon & eBay  |
| Alipay               |     PayPal         |
| Weibo                |     Twitter        |
| Xiaomi               |     Apple          |
|______________________|____________________|

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Smartphone Penetration
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> IDC estimates that nearly 500 million smartphones will be sold in China in 2015.
> This is three times the quantity sold in the U.S. and 1/3rd of global sales.
> Forbes estimates that Chinese branded smartphones makers will capture 40% of the worldwide smartphone market in 2015.
> Approximately 85% of the smartphones sold in China are made my its domestic producers.

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Comparison of Mobile Messaging Apps
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> QQ is the number 1 smartphone app by number of installs in China.
> It is an instant messaging app and has over 540 million MAUs and growing.
> It s 2nd only to Whatsapp which has 700 million MAUs as of January 2015.

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Comparison of Social Media Networking
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> QZone has more than double the number of MAUs of Instagram and Twitter combined.
> QZone is a Chinese social networking site which has over 600 million MAUs and growing.
> It is 2nd only to Facebook at 1.3 billion MAUs.

* MAUs = Monthly Active Users *

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Comparison of E-Commerce Marketplaces
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> Taobao is an e-commerce marketplace. It is twice the size of eBay and Amazon combined.
> During Chinese holiday 'Singles Day' in 2013, Taobao and its trade site TMall processed $5.75 billion in sales.
> By comparison, all of the U.S. e-commerce companies combined, processed $2 Billion on 'Cyber Monday' in 2014

> Alipay is the largest mobile payment platform in the World.
> It processsed nearly $150 Billion in mobile transactions in 2013.
> Paypal processed $27 billion in 2013 by comparison.

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References
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www.statista.com
www.cnbc.com
www.businessinsider.com
www.forbes.com
www.bloomberg.com
venturebeat.com

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META INFORMATION
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Authors: Report by IRISHAPPS - Building Ideas
http://www.irishapps.org/
http://www.irishapps.org/android-application-development/

Published by Harshvardhan Malpani - JustTechThings
http://www.justtechthings.com/

> Further distribution without consent of publisher is prohibited
> Mail to: editor@justtechthings.com
> Report Date: March 2015
> Format: Text Unix/OSX/Windows
> Original Print: http://www.justtechthings.com/wp-content/uploads/2015/03/Why-China-will-dominate-industry-Irishapps.jpg