Linkedin (Nyse:lnkd) has formally started a Chinese beta rendition of its expert informal organization under the name 领英, or Lingying.
Linkedin is one of the few western informal organizations that isn’t hindered in China, and it reported four million enrolled clients of its English form on the terrain. A Chinese adaptation has been normal following the time when the organization employed Derek Shen as its new president of China operations.
On the Chinese desktop form, clients will discover Sina Weibo and Tencent Weibo choices to import contacts, and also a couple of Chinese email suppliers. Not at all like the universal form, Twitter and Facebook are no place to be found.
The Chinese government has started another pursuit site that is apparently run by the VP of Xinhua, the Communist Party of China’s authority mouthpiece. Called Chinaso, its logo’s shade plot nearly looks like (and that is putting it beneficently) Google’s.
As Tech In Asia notes, Chinaso is not the first endeavor by the Chinese government to make its web index. Chinaso is really a blend of Jike and Panguso, two state-run inquiry destinations that united a year ago.
It’s vague why the administration chose to take an alternate cut at starting its entryway. Jike and Panguso saw so minimal movement that they didn’t even make dissection firm CNZZ’s rundown of the main six web indexes in China, which implies that each one had under 0.2% piece of the overall industry. China’s hunt business sector is now overwhelmed by organizations like Baidu and Qihoo, which together hold an over 80% allotment.
There is only one country in the world in 2014 that is in ascendancy to empire status and that is the People’s Republic of China. In this blog post I aim to give an insight into what’s going on within China’s thriving community of entrepreneurs. I will show you where they are investing, what some of their visionaries are building, more insights from Beijing and how their new economic power and leadership will affect our world.
Before I start, I will highlight the fact that the Communist Party of China (CPC) has lifted 500 million people out of poverty in the last 35 years, a statistic often not acknowledged in western media.
The Chinese population, 1/5 of humanity, has fully embraced capitalism in some of its rawest forms. So when you next hear that China will implode and is on an unsustainable path, remember that the Chinese people have gone through far worse hardships than those faced in the 21st century and have prevailed.
The Golden Age for China’s entrepreneurs
China, with a population of 1.3 billion, is an economic superpower, re-emerging at breakneck speed. But be aware of the fact that Chinese entrepreneurs unleashed after many years of internal challenges, including the great leap forward and the cultural revolution, have now had 30 years of economic liberalization; they are taking no prisoners in their own relentless quest for wealth, power and prosperity.
“China is a sleeping giant. Let her sleep, for when she wakes she will move the world.” Napoleon Bonaparte
There are now an estimated 330 dollar billionaires and 1,020,000 millionaires in China and this number will expand rapidly as China continues to deliver a GDP growth rate of 7.5+%. 1/3 of China’s super-rich has emigrated from mainland China and they are investing everywhere.
China’s entrepreneur led global expansion
The global media is buzzing with news about Chinese Investors buying well known western brands. One particular Chinese conglomerate that inspires confidence headed by billionaire Wang Jianlin the richest man in China with a fortune of 14.2 billion US$ is the Dalian Wanda Group Corporation with $5 billion allocated annually to acquiring foreign assets, a potent signal of the group’s overseas ambitions.
Tens of thousands of entrepreneurs in China are preparing their businesses for global expansion in Q1 to Q2, 2014. There is not one country, industry or sector that they can’t enter into and compete with.
Where are the Chinese investing? this data sheds some light on China’s worldwide investments and contracts: Link
If you are interested in where Chinese SOE’s and entrepreneurs are investing in the US check out the Rhodium Group Chinese investment monitor tracking Chinese direct investment in the United States: Link
These powerful images and data of rapid Chinese growth display how far China has come with 30 years of economic liberalization.
I will now show you several projects by Zhang Yue, one of China’s self-made multimillionaires with a net-worth estimated to be at $900 million. Zhang made his fortune selling air-conditioners and was the first Chinese entrepreneur to own a private helicopter; he even built himself an Egyptian pyramid and a replica of Versailles.
Zhang is also building Sky City One in Changsha, Hunan, China.
If the project passes environmental assessments, obtains official approval and is completed as planned, it will become the tallest building in the world, 10 m (33 ft) taller than the current record holder, the Burj Khalifa in Dubai. This can be completed at 1/3 of the cost Zhang forecasts. The cost of Sky City One is $1.46 billion. That’s $1500 per square meter, a 1/3 of the cost of the Burj Khalifa.
Think of the impact colossal scale projects like this can and will have on the world as hundreds of thousands of Chinese entrepreneurs search for commercial opportunities outside of mainland China.
They all seem to say the same thing: China is a peaceful country and has no ambitions to invade anyone, a people that want peaceful coexistence with the global community and to fight the real issues of poverty and pollution. I hope this is the case but as a student of geopolitics I know that it is not. China will be pushed into making decisions that it doesn’t want to make. China will have to protect its citizens and investments in overseas territory through humanitarian intervention in the near future. As the US continues to draw back from conflict zones and shows weak leadership there will be continuous power vacuums globally and China will have to show leadership. I will address this further on a future blog post.
I have noticed strong nationalist views from several of the net generation within my own age group. Main views where China should be more assertive in East Asia and some of them held very strong opinions on Japan and America.
China is leading the world
This map clearly indicates the economic impact China now wields globally although a lot of this is state led. I envision many privatizations of SOE’s in China in the near future and massive growth of the wealth creators and entrepreneurs.
China will keep expanding economically and will overtake the US in the coming years. It’s not a question of if. It’s a question of when. It all depends on what data source you read from but this transition will happen.
I do have confidence in the (CPC) keeping GDP growth rate at 7+% for the next several years. China has to keep tier 2 to 5 migrants coming into the newly built cities to keep the economic engine running at full speed. The vast urbanization program, the biggest the world has ever seen, is the key reason for the last $4 trillion in growth as the farmers have evolved into factory workers and build everything imaginable for the global consuming market.
I will end this post with a quote:
‘’Empty your mind. Be formless, shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle, it becomes the bottle. You put it into a teapot, it becomes the teapot. Water can flow, and it can crash. Be like water, my friend” — Bruce Lee
To make meaning of this quote I would have to present my personal view on it but I’m on a very different journey than you. So when you are next meditating or on a long flight, I want you to try and find meaning for yourself in this; you may find it to be one of the finest investments of your time you have ever made.
I’m a facilitator, dealmaker and Chairman of Blackbridge Cross Borders, working with several Chinese Investment consortiums globally. You can find out more here: Link. If you have any questions or ideas/suggestions on past or future blog posts please interact with me via twitter @ajarvis8
The third—or maybe fourth—copy of China’s first stealth fighter design has appeared in photos published on the Chinese Internet. The Chengdu J-20 Dragon with the nose number “2011” appears to boast several important improvements and marks Beijing’s continued march towards an operational radar-evading warplane.
In other words, this new J-20 is a big deal—and comes hard on the heels of several other major aerospace advancements in China, including the first public flights of the new J-16 fighter-bomber and a potentially weapons-armed jet drone.
The J-20 first appeared in photos leaked online—most likely by bloggers on the Chinese Communist Party payroll—in late December 2010. The large, twin-engine fighter prototype with the nose number “2001,” painted a sinister black, first flew in January 2011, commencing a slow but steady test program.
International reaction to China’s first stealth warplane, albeit in prototype form, ranged from panicked to dismissive. “Asian Pacific’s political landscape will be changed,” claimed Arthur Ding, a Taiwanese analyst. But Chinese Air Force Gen. Chen Bingde admitted that there was a “gaping gap” between the J-20 and U.S.-made stealth warplanes including the F-22 and F-35.
Chengdu added another J-20—nose number “2002” to the test fleet in May 2012. In October, a possible third aircraft numbered “2003” appeared, but some analysts speculated that 2003 was actually just 2002 with modifications to its nose radome in order to accommodate a new, electronically-scanned radar. 2003 also appeared to have a fittings on top of the radome for an infrared sensor.
So far, the J-20s have used Russian-made AL-31F and Chinese WS-10 engines. A new, purpose-built engine for the J-20 is reportedly in development.
2011 appears to share 2003’s new radome but omits the top fitting for the IR sensor. Instead, 2003 has a housing below its nose for what seems to be an electro-optical sensor—basically, a powerful camera. A key piece of equipment on the U.S. F-35, an EO sensor allows a stealth fighter to detect targets at long range without resorting to radar, which can be picked up by the enemy.
It’s worth noting that EO and IR are not mutually exclusive—the F-35’s camera also includes an infrared function.
In addition to the camera housing, J-20 2011 appears to feature a metallic stealth coating, giving it the same characteristic sheen as the F-22 and F-35. Stealth paints and coatings, made of materials that can absorb radar and infrared energy, are key aspects of stealth design but are notoriously difficult to formulate, manufacture and maintain.
The coatings can also be wickedly toxic, although it’s unlikely Beijing will worry overmuch about that.
Finally, 2011 has a new engine nozzle type with serrated “dogtooth” edges, like seen on the canopy of the now-retired U.S. F-117 stealth fighter. These special edges can help scatter radar energy in a way that helps avoid detection.
Just because the new J-20 appears to have a stealth coating does not mean the coating works or is economical. Nor can we be certain the dogtoothing truly contributes to the jet’s stealth or that the under-nose camera is of sufficient fidelity to function as a long-range sensor.
Still, the new prototype’s appearance is a triumph for Chengdu and the Chinese Air Force and brings Beijing that much closer to fielding combat-ready stealth fighters, perhaps as early as 2017, according to some projections.
But China still lags far behind the U.S. when it comes to cutting-edge warplanes. The U.S. Air Force already possesses 20 B-2 stealth bombers plus more than 180 F-22s. The Americans also have around 100 F-35s for tests and training and could deploy those new fighters, warts and all, within two years.
Russia and Japan are also developing radar-evading fighters. The Russian Sukhoi T-50 first flew in early 2010. Five T-50 prototypes are in testing and Moscow hopes to purchase 60 front-line examples after 2016. Japan’s Shinshin stealth fighter is still in the early design phase and, as Tokyo is also purchasing F-35s, might never enter serial production.
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Russia’s Stealth Fighter Could Outfly, Outshoot American Jets
— T-50 is fast, long-ranged and has fearsome new weapons
China’s First Stealthy Killer Drone Takes Flight
— We know next to nothing about Beijing’s ‘Sharp Sword’
Add This Fighter-Bomber to the List of New Chinese Warplanes
Online education provider TutorGroup has closed a massive $100 million in second round funding from Asia-based investors.
VentureBeat has exclusively learned that online shopping juggernaut Alibaba, Temasek and Qiming Venture Partners participated in the round. The company strategically raised its funds from investors in China and Singapore, as it’s building a strong brand in the region. Most of the TutorGroup offices are spread across Asia, although the company has a research and development group based in Silicon Valley.
TutorGroup got its start in 2004 and quickly became one of the fastest-growing English language learning services. It now also offers Mandarin Chinese language learning on a new site, Tutorming.org. To commemorate the funding, TutorGroup is launching a scholarship for students in the United States and Singapore to learn Chinese. Students can apply online at Tutorming.org.
The company was founded by brothers Eric Yang and Ming Yang, who realized that students in China and Taiwan needed an easy and affordable way to connect with teachers online. Bandwidth is still an obstacle for students in rural areas, but regulators claim that the Internet in China will be ‘five times’ faster and cheaper by 2015.
As a result, chief executive officer Eric Yang predicts that the English language learning segment in China will grow at 25 percent per year. This isn’t particularly surprising, as online education is booming in China. New startups are emerging to capitalize on the trend and U.S.-based services are slowly making inroads in the market. Several of China’s Internet titans — Alibaba, Baidu, and Tencent — have entered into the fray in the past few years by investing in existing e-learning services or starting their own education divisions.
Students looking to learn a new language are flooded with options. But a company spokesperson said TutorGroup stands out from the pack as its courses are so “personalized.” It competes with massive open online course (MOOC) providers, like Coursera and Udacity, and the various online tutoring services (Instaedu is particularly strong in this space). TutorGroup also faces competition from the slew of free and cheap language learning applications, such as Duolingo.
Signing up to TutorGroup is simple: Students can register online and pay approximately $25 to join an online class. TutorGroup boasts some 2,000 language teachers (most of whom are TESOL certified).
The recommendations engine will then determine the optimal class size and learning pace for each student. The course content is reviewed by the community of learners and is consistently checked for accuracy. TutorGroup often refers to its technology as a “platform” or “portal,” as online learners can access around the clock support and a customer relationship management (CRM) tool. According to a spokesperson, this technology was developed over the course of a decade.
The company has bigger ambitions for its technology than online language learning. Soon, you may be able to take a wine education class online on TutorGroup taught by an expert in the field. The company may also license its content to other companies.
TutorGroup previously raised $15 million in a first round funding, in April of 2012.
Samsung’s latest financial results underscored slowing growth in the smartphone business and its increased rivalry with Apple, which seems to be closing the gap, at least in the U.S.
Samsung reported its first decline in quarterly profit in two years for the December quarter. Fourth quarter net income was 7.22 trillion won ($6.7 billion), lower than what the analysts had expected. Operating income for Samsung’s mobile business during October to December period remained flat at 5.47 trillion won.
With Apple iPhone at the higher end of the market (and even pushing lower-priced iPhones in markets like India), and aggressive rivals such as Lenovo and Micromax selling much cheaper versions of Android phones, this year is going to be tough for Samsung.
Investor concerns on Samsung’s ability to keep growing its mobile phone business became visible early this year, when the company lost $8 billion of the market value. According to a Bloomberg report, Samsung shipped only 9 million units of Galaxy S4 during the fourth quarter ending December, much lower than the 13 million units it had expected.
Samsung chairman Lee Kun Hee even warned employees last January to watch its back and continue to innovate in new business, as competition increases and the global economy continues to drag.
Among new launches planned for this year, Samsung said it will release Galaxy S5 by April and at least one other wearable device during 2014.
The company attributed lower growth to currency fluctuations and one-time bonus payments to workers to celebrate the 20th anniversary of chairman Lee’s new management strategy.
To be sure, Samsung is still the world’s biggest smartphone maker, accounting for nearly half of all the sales, but the challenge is more in terms of protecting its turf — both in terms of volumes and profitability.
There are four quadrants used to organize the past and the future views of the developing world. These quadrants are optimistic, pessimistic, determinate and indeterminate.
China is currently thought to be pessimistic/determinate meaning it has a clear view of where it would like to be in twenty years but at the same time China is worried about whether or not they will get there in this modern time frame. China is more likely to save money, then invest money over the next few decades.
“China will be a somewhat poorer version of the developed world, people will become old before they become rich” – Peter Thiel, Co-founder, PayPal.
America is thought to have fell in to a quadrant called indeterminate optimism. Presently, the United States is believed to have both a low amount of investment and a low amount of saving, this is arguably the most unstable position for a country to be in.
“One of the strange things about indeterminate optimism is that its the quadrant that has low savings and low investment. Is it possible for the future to be better when no one saves and no one invests? Because no one is thinking and everyone is outsourcing all of the thinking to other people.” – Peter Thiel, Co-Founder, PayPal.
Both Japan and Europe are thought to be indeterminate/pessimistic meaning the future does not look bright and no body is sure what to do about it.