The grand IFA in Berlin, the global trade show for consumer electronics and home appliances brought one cousin of mine from Taiwan and one friend from Beijing to meet me for the Moon Festival. Since the whole point of Moon Festival is to dine happily together with family and friends, I was very grateful to IFA. We shared one last remaining moon cake, and discussed about the variations of new media.
One of our topics was: will Huawei really make it, as it has announced on IFA, that it will overtake Apple in the world smartphone market in the coming two to three years? Our conclusion: highly possible, even though the Big Three telecoms operators in China will all sell Apple Inc.’s new smartphone, Huawei has found a very good niche for itself in the smartphone market.
A very interesting introductory report on China’s mobile ecosystem tells us that “as Chinese firms currently eye overseas expansion, this could very well be the right time for foreign app publishers to also come into China to take a look at how to navigate the challenges as well”. Exactly Chuan’r’s point!
This week’s hottest topic among the global stock dealers: how to get some stocks of Alibaba, China’s biggest e-commerce company and one of the hottest listed companies to come? Hundreds of investors gathered in the Waldorf Astoria New York for the company’s road show. Jack Ma, the founder of Alibaba, joked that in the early days of Alibaba, he was turned down by more than 30 VCs in the Silicon Valley on his fund-raising trip. “This time I will ask for a bit more money.”