Friday, January 11, 2013

A peek inside China’s internet giants and their massive scale

We in the West often tend to assume that the rest of the world lags behind us in their use of the Internet - after all "we" invented the PC, the Internet and the Web. An interesting article in the Washington Post called "A peek inside China’s internet giants and their massive scale" clearly shows that this world view is quite wrong when it comes to China at least. Here are a couple of figures from the article to encourage you to read more: Taobao (China's eBay) did $3.05 billion of trade on November 11 - eBay did $3.4 billion of trade in the entire third quarter of 2012. Clearly the scale of China's Internet infrastructure has to match these figures - we should be careful of our assumptions.