Chinese are incredibly educated with 8 million college grads per year – more than US.
Chinese disposable income is growing like crazy. It tripled over the last 8 years.
China has at least 122 billionaires, second only to the US.
China has 600 million Internet users – with 50% growth in 3 years.
QZone has 600 million MAU (Monthly Active Users)!
Alibaba, which owns Taobao, a shopping site is twice the size of eBay and Amazon combined. During a Chinese holiday called “Singles Day” Taobao did more than twice the sales all US e-commerce companies did on Cyber Monday.
JD, which does 3-hour delivery of goods and has an app you can use to see where your delivery guy is.
Alipay is like Paypal in the US, except it’s much bigger and more useful and can be used to pay for cabs as well.
Weibo is like Twitter, except bigger.
WeChat for phone, email, or text messaging. WeChat also has an Instagram-like feature.
The “Uber of China” is an app called Didi. Except with it, you leave a voice message for the driver telling him where to pick you up and how much you’ll pay.
MoMo is an app you use to talk to strangers who are nearby you. It’s kind of a dating app. It has 100 million users.
Source is Business Insider
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