************************************************* WHY CHINA WILL DOMINATE THE TECH INDUSTRY IN 2015 - A REPORT BY IRISHAPPS.ORG - March 2015 ************************************************* ------------------------------------------------- Quick Figures ------------------------------------------------- > 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. ------------------------------------------------- The Consumer Landscape ------------------------------------------------- > 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. ------------------------------------------------- Getting to know the Chinese Tech Industry ------------------------------------------------- ___________________________________________ | Chinese Technology | U.S. Equivalent | |-------------------------------------------| | Q Zone | Facebook | | QQ | Whatsapp | | Baidu | Google | | Taobao & TMall | Amazon & eBay | | Alipay | PayPal | | Weibo | Twitter | | Xiaomi | Apple | |______________________|____________________| ------------------------------------------------- Smartphone Penetration ------------------------------------------------- > 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. ------------------------------------------------- Comparison of Mobile Messaging Apps ------------------------------------------------- > 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. ------------------------------------------------- Comparison of Social Media Networking ------------------------------------------------- > 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 * ------------------------------------------------- Comparison of E-Commerce Marketplaces ------------------------------------------------- > 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. ------------------------------------------------- References ------------------------------------------------- www.statista.com www.cnbc.com www.businessinsider.com www.forbes.com www.bloomberg.com venturebeat.com ------------------------------------------------- META INFORMATION ------------------------------------------------- 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