China is a rather mysterious country, there are plenty of things that you probably don’t know. Here are some Chinese tech facts that you certainly must know!
China has 1.3 Billion people, but half of them don’t have the access to Internet
According to one recent research study, 47.9% Chinese people are not online. Interestingly enough, despite this harsh reality, many Internet startups and tech companies in China constantly tell their investors and customers that they want to own the 1.3 billion user market, a big challenge indeed.
In China, C2C is short for “Copy to China”, not “Company to Customer”
As we all know, the industrial gear of China stems from its historically cheap labor force which has allowed China to gain the name of “World Factory”. With economic recession recent years, China hopes to finish a transition from labor-driven country to an innovation-driven country, like Japan and United States. Nevertheless, some big Unicorn startup companies, like Didi, Meituan, Renren, have approached innovation from a replication stand point as they have largely copied Uber, Groupon and Facebook at the very beginning. Imitation and replication of successful business models in its protected economy has become a common strategy for many Chinese entrepreneurs.
Employees in China Tech field job-hopped every 18 months
According to a recent study, Chinese employees in the tech-field constantly job hop. It is discovered that women employees would quit their job on average after 17 months, with men are a little bit longer at 18 months.
Ready to get investment from China, USA
It’s predicted that by 2020, investment from institutional and personal investors as well as the government would reach to 1–2 trillion dollars. A big part of these investment is directed at building China’s technology force and innovation drive.
Why Chinese smartphone are so cheap?
Here is the simple truth: Low labor cost and IP cost. The cost of manufacturing labor in China is 1/10 of USA. Furthermore, software development cost is also low because of the popularity of many makers choosing open-source platform. If you had one of these Made-in-China smartphones, you will commonly find that the operating system is different from the Google Android System. Commonly, makers use the free and open-source Android System not the paid Google Android. For example, MIUI from Xiaomi, H2 and O2 from OnePlus.
About the Author
This article was edited by The Asian Entrepreneur and written by Longxin Zhang of Tech News in China, a website dedicated to providing inspiring tech information from China to the world. see more.