Which Nation is Most Innovative – Judged by Number of Patents Filed?
Japan leads in terms of total patents granted, but it’s the Republic of Korea that is the most efficient in its innovation – each dollar spent on research is likelier to result in a patent.
Tencent Profit Increases 52% on China Online Games Sales, Advertising Surge
The company had 636.6 million active user accounts for its QQ instant-messaging service at the end of September, compared with 612.5 million three months earlier, it said. The online- chat program had 18 times more subscribers than Microsoft Corp.’s MSN service in China at the end of last year, according to research company Analysis International.
How Baidu Won China
The company has a 73 percent share of the world’s largest Internet market by users, and has the fifth-largest market capitalization ($38.3 billion) among the world’s pure-play Internet companies. It’s now 57 percent bigger than Yahoo!.
Baidu’s stock price has more than doubled since January, when Google first disclosed … “a new approach” to China, with the company saying it would no longer censor search results.”Every once in a while a gift is handed to you. We handed one to Robin,” says Eric Schmidt CEO of Google.
Social Media Booming in Indonesia and India
While you weren’t looking, Indonesia became Facebook’s second largest market, Twitter’s fifth largest market, and the number ONE Foursquare nation. The social media boom in Indonesia is also spreading its influence to other Asian nations.
The mobile social network Mig33, which boasts over two million Indian users, has just secured US $8.9 million, most from an Indonesian entrepreneur.
India’s Challenge to Facebook
Ibibo is making a good challenge on Facebook by developing a range of local relevant games. Those games include “The Great Indian Parking Wars”, where users collect points by parking “legally or illegally” and – in a very local touch – removing idle cows. Like its home base of Gurgaon, which has turned from a village near Delhi to a shining new city in a matter of years, Ibibo has come seemingly out of nowhere. Since it was set up in January 2007, Ibibo has massed 3.7 million users, making it the largest locally based social network in India.
Kik, the Skype of Text Messages, is Registering 250,000 New Users a Day
(Thanks to Rohan Deshpande for the link)
Fashion Forward in China’s Booming E-Commerce Market.
Chinese business to consumer fashion e-commerce has grown by 100% in the past three years. TaoBao controls 76% of China’s eCommerce, but increasingly growth will be driven by more sophisticated offerings that can differentiate on service and style. With Gap joining established Chinese forces such as VANCL and Taobao, the industry is poised to grow even more.
Bain & Co on Luxury in China
What luxury goods to Chinese consumers buy? Bain and Co. have just released their new study of the Chinese luxury market. Research points to a new generation of luxury shoppers. 67% of the growth in 2010 is from new consumers. Also, luxury interest in expanding from Tier 1 cities to China’s Tier 2 and Tier 3 cities.