The growing Chinese economy is increasingly converging on the mobile Internet

According to a recent article published by the United States on Wired magazine website, China is now breaking any idea of ​​what it regards as a follower. The notion of "following the leader" in China has been exaggerated disproportionately. But obviously China is now a country of innovation and is defining markets for search, commerce, social, entertainment and advertising in a variety of ways. Although originally developed as a technology power by imitating the US technology industry, China now has four of the world's top 10 Internet and technology companies. Impressively, three of the four companies have been among the top 10 in the world since last year. The growing Chinese economy is increasingly converging on the mobile Internet and its leaders' faith and passion can not be underestimated. The only thing that needs to be changed now is the foreigner's view of China's innovation. The following are a few examples of China's pioneering work that the United States has not started yet.

First, the big market. Although China now has a staggering 618 million Internet users, it still lacks half its potential. In addition, China has 500 million mobile Internet users and 301 million online shopping buyers.

Second, China has the world's largest and fastest growing mobile communications enterprises. Since 2012, China has the largest smartphone market. Millet is seeking to put pressure on Apple, not through plagiarism but through innovation. Xiaomi, already the third largest in China and the sixth largest mobile phone maker in the world, wants to become bigger. Microsoft is going through the shop in China to catch up, but is it too late?

Third, China has more social information users than the U.S. population. Most of their top companies have their own information service platform. These tech giants know the value of information and are closely watching how users communicate via mobile phones.

Fourth, mobile e-commerce business, China is in a leading position. In China, mobile e-commerce users can manage their funds via mobile phones, take a taxi, and even invest in money market funds. In the United States, such activities are far from being as widespread as China.

Fifth, innovation in China may be difficult, but it is worth doing. As the evolution of the Chinese market is very different from that of the U.S. market, its (electronic) ecosystem and user behavior are far more complicated than that of the United States. If we can create successful products in China, we can get what we want from anywhere in the world. Perhaps it is time for the United States to seek inspiration from China. (Author Guru Grapan, Wang Huicong translation)