We came across this slideshow put together by Beijing-based Innovation Works partner Chris Evdemon yesterday. It’s one of the best summaries of China’s early stage tech landscape I’ve ever seen. Evdemon covers where China is in 2013, where it’s going, and what it needs in 20 slides. If you want to educate yourself or someone else in less than half an hour, then take a look. It has pictures!
Here’s a few major points:
- Mobile is huge in China with Android as its central play. Chris believes that the next few billion dollar companies will probably be Android-focused.
- Web and mobile penetration is growing ridiculously fast along with the upper-middle class. Chinese internet culture must be understood to capitalize on it.
- Freemium is very China and the world has a lot to learn from her. Chris drafted up an interesting ”hierarchy of needs” for Chinese gamers, claiming that Chinese game industry could pull in four times more ARPU than the US.
- Despite having lots of venture capital money in China ($7 billion as Chris wrote), there are very few angels in China. China needs more early-stage investment and startup-friendly services.
(Editing by Willis Wee)