Categories
China Information Technology Trend Watching

Internet in China: more than 70% Hong Kong households connected to internet

More than 70 percent of Hong Kong households have a personal computer connected to the Internet, strengthening the city’s status as one of the world’s leading digital hubs: Hong Kong’s Census and Statistics Department said that the figure represents a slight rise on last year when 71.7 percent of households had a computer and 67.1 percent had it connected to the Internet. The survey conducted in mid-2007 found 1,671,600 households, or 74.2 percent of all domestic premises in Hong Kong, had a personal computer. Of them, 94.5 percent had their computers connected to the Internet, representing 70.1 percent of the city’s households […]

Categories
China Information Technology Trend Watching

China’s 2007 online ad market may exceed 1.3 Billion US Dollars

China’s online advertising market is likely to exceed ten billion yuan (1.3 billion U.S. dollars) this year, a research report said. The figure represents a 114.6 percent increase from the 4.66 billion yuan of last year. In October, the nation’s online advertising revenues hit 870 million yuan, lifting the market size to 7.5 billion yuan in the first ten months, according to the report from Nielsen, a leading global information and media company. The growth rate of China’s online advertising, one of the most successful business models for Internet firms, was higher than that of broadcasting advertising and magazine advertising…

Categories
China Information Technology Trend Watching

Internet in China: online gamers are mostly students

Students make up the biggest group of online game players in China, followed by IT and media industry workers, according to a survey released recently, Beijing Business Today reported. The survey, jointly conducted by 17173.com, a Chinese online game Website, and iResearch Consulting Group, said almost 60 percent of gamers were in their 20s and 95 percent were below 35 years old.

High school graduates accounted for 35 percent of Chinese gamers, the report said. One-third of the respondents have a college education and 23 percent a university diploma. Forty-five percent of the gamers were female, who favored to join in the games with the identification of opposite sex…

Categories
China Information Technology Trend Watching

Chinese People and their Mobile Phones: Online Surfing

Simple SMS-based services might lose their appeal in China soon, since cell phones equipped with applications such as web browser, global positioning system and multimedia function are getting popular among Chinese consumers: a survey released recently by the CCID Consulting showed that 31,668 people had been interviewed and 37 percent of them would like to choose cell phones with which they can surf online when they intended to buy a new one, while 33 percent hoped they could get one with the GPS function, a helpful tool to China’s increasing car owners […]

Categories
China Information Technology Software

Study finds data security in China below world average

China lags behind global levels of information security and the gap is in the policy environment and business awareness – not in technology, PricewaterhouseCoopers said yesterday in Shanghai. Chinese firms lack protection of privacy, intellectual property and internal control, according to the fifth annual Global State of Information Security Study 2007 jointly conducted by PWC, CIO Magazine and CSO Magazine

Categories
China Trend Watching

Shanghai the 8th most expensive Asian city for expats

The cost of living in Shanghai is catching up with more expensive locations in the region such as Hong Kong and Taipei, according to the latest global cost of living survey. The ECA cost of living survey listed Shanghai in 100th place among the top 300-plus most expensive cities in the world, up 23 spots from last year. Shanghai was also one position higher than Singapore among Asian cities, which ranked at 122nd place globally, according to the report.

Categories
China Economics Information Technology

Chinese People and their Mobile Phones: Online Transactions through SMS

A range of new payment services through mobile phones has put a virtual withdrawal machine in consumers’ hands, enabling 8 million mobile users in China to pay bills, buy insurance or book tickets. Jointly launched among China UnionPay, commercial banks and the service operators, users had their mobile phone numbers joined with that of their bank accounts, allowing them to fulfill payment for various services, like their gas fee and air ticket booking.

Categories
China Economics Innovation Trend Watching

China, Technology, Innovation and the Environment: Part II

An energy structure with a low utilization rate, and an economic growth mode with serious, hazardous emissions have posed stark challenges for the sustained growth of Chinese economic society. Faced with such a grave situation in energy saving and emission reduction, more than 6,000 science, technology workers, as well as scientist-turned-entrepreneurs on met recently to discuss issues such as energy saving and environmental protection. Among them were more than 100 members from Chinese Academy of Sciences (CAS) and the Chinese Academy of Engineering (CAE), the highest palaces for scientific research achievements and engineering progress […]

Categories
China Consumer Behavior

China, Socialism & Consumer Behavior: Part II

As the number of millionaires continues to grow in China, the country attracks more and more events targeted for the rich and famous: the annual Top Marques luxury fair returned to the Shanghai International Convention Center in Pudong yesterday with nearly 300 rare exhibits including roadsters, yachts, works of art and antiques. The four-day event is expected to attract more than 30,000 visitors, mostly customers invited by the exhibitors and senior staff from wealthy companies in banking, energy resources and IT, according to Sheng Lei, the general manager of the event organizer, Borrison Expo […]

Categories
China Economics Information Technology

Internet in China: Alibaba.com largest IPO since Google went public

Alibaba.com, the largest business-to-business portal in China underwent its first day of public share trading in Honk Kong, and the results exceeded all expectations, as the price tripled, raising $1.5 billion. The public offering is expected to raise nearly $2 billion in Hong Kong, making its debut offering as large as Google’s 2004 I.P.O. in the United States. ‘We are pleased to welcome investors from Hong Kong and around the world to join us in building a world-class e-commerce company,’ said Jack Ma, non-executive chairman of the company and chairman and chief executive officer of Alibaba Group…