Skip to Content
Uncategorized

Internet’s Annual Report Card Shows China’s Rise

The latest version of venture capitalist Mary Meeker’s Internet Trends report arrived this morning, and some of the most interesting of her 117 slides are about the scale and growth of Internet use and businesses in China.

Both Meeker’s full slide presentation, and a video of her talk at the D11 conference are available online. Here are a few interesting points about the Internet and China from her slides:

  • More people in China now access the Web using their phone (75 percent) than with a desktop PC (71 percent). The crossing point was just last year.
  • Internet and mobile use take up more of leisure time in China (33 percent and 22 percent of leisure time, respectively) than in the U.S. (26 percent for Internet and 12 percent for mobile use).
  • In the past year, Twitter-style Chinese social network Sina Weibo has doubled its userbase to 530 million and grown income from roughly zero to $100 million.
  • Alibaba.com – an online retailer serving businesses and more recently consumers, too – is bigger than Amazon and Ebay combined, in terms of gross merchandise volume.
  • QR codes are growing in popularity, fast, as a way to connect mobile devices to online content, and for ticketing and payments. Meeker reports that use of QR codes is up four times since march 2012, and shows a striking photo of the UK embassy in Beijing, emblazoned with a giant QR code right next to its front gate, a link to the outpost’s social media account.

One consequence of rapid rise in Internet use for business and pleasure in China can be seen in Meeker’s slide below (it’s number six in her presentation), which rounds up the world’s ten largest Internet properties. Eight are from the U.S., and the other two China’s leading search engine, Baidu, and social network, Tencent.

Those companies made the top ten due to the vast size of China’s population, not by being global players. But as giants like Tencent and Baidu start to run out of new people to sign up within China’s borders, they will likely begin to look abroad. Expect Chinese companies to take up more of those top ten slots in future Meeker presentations.

Deep Dive

Uncategorized

Five poems about the mind

DREAM VENDING MACHINE I feed it coins and watch the spring coil back,the clunk of a vacuum-packed, foil-wrappeddream dropping into the tray. It dispenses all kinds of dreams—bad dreams, good dreams,short nightmares to stave off worse ones, recurring dreams with a teacake marshmallow center.Hardboiled caramel dreams to tuck in your cheek,a bag of orange dreams…

Work reinvented: Tech will drive the office evolution

As organizations navigate a new world of hybrid work, tech innovation will be crucial for employee connection and collaboration.

lucid dreaming concept
lucid dreaming concept

I taught myself to lucid dream. You can too.

We still don’t know much about the experience of being aware that you’re dreaming—but a few researchers think it could help us find out more about how the brain works.

panpsychism concept
panpsychism concept

Is everything in the world a little bit conscious?

The idea that consciousness is widespread is attractive to many for intellectual and, perhaps, also emotional
reasons. But can it be tested? Surprisingly, perhaps it can.

Stay connected

Illustration by Rose WongIllustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.