What mobile trends in China is world eyeing?
中国移动行业走势如何
It's one of the geekiest moments in China every year: the Global Mobile Internet Conference, which kicked off in Beijing Tuesday. The event features some of the new frontiers for I.T. investment, such as China, India and Israel.
Mobile everything. A bold announcement by this year's Global Mobile Internet Conference and definitely where the industries are going. That’s why all the businesses are going mobile, from education, games to finance and even fashion, you name it. And more importantly. I’m having a blast here.
Back to basics, China's strong market fundamentals are attracting investors into the mobile sector.
And China is hitting a tipping point for entrepreneurship.
It's being said that starting up a company in the mobile internet sector is the new national pastime here in China. And these young entrepreneurs are capitalizing on their influence on the internet through Facebook, twitter, podcast or whatever that is just a tap away. One executive tells me these self-media platforms are now part of the crowdfunding activities.
"Now we see online content creators using crowdfunding to produce and promote their works, such as poems, music albums or even manufacturing goods. Self-media platforms are both content workshops and marketing channels. But these platforms call for products that people feel related to culturally and emotionally. They can gather a loyal fan base, and can turn them into potential investors," Lizhi Founder & CEO Marco Lai said.
With capital flushing in, tech firms in China are getting expensive. But does that a recipe for a bubble?
"Late stage investors moving earlier so valuations are crazy. Prices will volatile, but it's only the third generation for mobile sector, the best time to be entrepreneur here," William Bao Bean, sosventures partner of Chinaccelerator Md, said.
What China needs is more exciting and personalized online content. This is crucial for China’s original social community based commerce, as social media attracts consumer spending through inspiring content. Analysts say the business model will find its sweet spot in developed markets, and in turn absorb better content technology to China and feed its mobile economy.