September 11th, 2007 by
Administrator
I am not yet sure if I am doing it right, but I just signed up in Facebook.com
My profile is here, and I would welcome making connections.
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September 11th, 2007 by
Administrator
It is growing rapidly, but in different ways that you see in the West.
Fortune’s Fast Forward: China’s Internet boom - Sep. 7, 2007
The Chinese commitment to the Net is also apparent in the broadband statistics. Government figures show that 162 million people in China have Internet access and 122 million have broadband. That is way more than in the U.S. Even small villages in China now typically have broadband.
China’s Internet companies have a surprisingly cordial, even one might say incestuous, relationship with the government regulators. The two groups are constantly in conversation.
Internet ad spending in China remains minuscule - only $640 million in
2007, estimates J.P. Morgan. However, Scott Spirit, who directs
strategy in China for WPP (Charts), the nation’s largest advertising agency, calculates that Net ads will grow 58 percent in the coming year.
I sat at dinner this week with Wang Jianzhou, CEO of China Mobile (Charts),
the world’s largest cell phone company. It commands 330 million of
China’s 500 million total cell phone subscribers. Wang told me that
China Mobile has 200 million subscribers paying the equivalent of about
50 cents a month for access to music on their phones.
That
amounts to $1.2 billion in annual revenue and, Wang said, it exceeds
the size of the entire offline music industry in China, including CD
sales and concert ticket sales.
He also said that the 20 million subscribers who pay to have a daily
news bulletin delivered to their China Mobile phones surpass the number
of subscribers for any single Chinese newspaper.
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