China is a big deal for business in general, the Internet, mobile and application businesses. But it is easy to forget how fast the underpinnings of the market are growing. A decade ago, disposable income per person was about $472.
By 2013, disposable income had reached $24,565 per person. That's astounding. Disposable income grew by two orders of magnitude.
Saturday, January 11, 2014
China's Disposable Income Grew Two Orders of Magnitude in a Decade
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
Subscribe to:
Post Comments (Atom)
What Declining Industry Can Afford to Alienate Half its Customers?
Some people believe the new trend of major U.S. newspapers declining to make endorsements in presidential races is an abdication of their “p...
-
We have all repeatedly seen comparisons of equity value of hyperscale app providers compared to the value of connectivity providers, which s...
-
It really is surprising how often a Pareto distribution--the “80/20 rule--appears in business life, or in life, generally. Basically, the...
-
Is there a relationship between screen size and data consumption? One might think the answer clearly is “yes,” based on the difference bet...
No comments:
Post a Comment