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Sunday, September 19, 2010

GWC presentation about the GMIC 2010 conference about mobile internet in China

The GWC (the Great Wall Club) of China has published a presentation from the GMIC 2010 event in Beijing earlier this year. This presentation high-lights a number of interesting points about the differences in local consumer and business behavior that you have in China vs. USA/Europe

Some key points:
  • Everything is focused around micro-payments
  • Very little use of credit cards
  • A wide variety of competing services, not like here, focus on one Facebook, one Google, one Ebay...
  • Extensive use of buying virtual goods
  • Profitable companies through the massive user base, 800+ million mobile phones, 400+ million internet users
See presentation below;

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