Earlier this week it was announced that China now has over 800 million Internet users – more than the population of every other county on the planet except for India. That represents a penetration rate of 57.7% according to the China Internet Network Information Center. Over 98% of the users go online with a smart phone; 566 million use mobile payments.
Even after so many years of coming China, I still get a spring in my step whenever I arrive here. The economic growth that has lifted hundreds of millions of people out of poverty over the last forty years is the greatest achievement in all human history.
The little corner of Beijing that our office is located in never fails to serve up something new and interesting to look at whenever I visit it. On this trip, however, it has really surpassed itself with the new IM Way that is opening up just a few hundred meters away from us. Continue reading Beijing IM Way hardware startup innovation street