New Breeds Lead China's Top 100 Internet Companies
August 10, 2015 | IDCEstimated reading time: 1 minute
IDC will release its report of “Top 100 Innovative Chinese Companies” in November, unveiling the 100 innovative companies selected from China's high-growth and high potential Internet-related industries.
The one-year long study examined more than 500 emerging companies in China's "Internet+" market, and selects the 100 most Innovative Chinese Internet+ Companies based on IDC’s enormous commercial database, on-site investigations, expert scoring, interviews with industry experts, officers of relevant companies, and investment organizations.
The term "Internet+" first appeared in Premier Li’s government report at the 12th National People’s Congress in 2013, and refers to a Chinese government strategy that targets to "integrate traditional industries with the Internet through information technologies, to upgrade traditional industry, and to innovate new ecosystems".
The Internet+ industries covered in the research include: Internet+ Circulation, Internet+ Local Information Services, Internet+ Finance, Internet+ Entertainment, Internet+ Education, Internet+ Healthcare, Social Networking and Social Media, IOT, Big Data and Cloud Computing, and Enterprise-level Products and Services.
The report offers unique insights into the newest innovations and strategies, as well as the key trends that will impact Internet+ market overall.
- New industries: Multiple new Internet+ sub-industries are emerging, such as the world of comics in Internet+ Entertainment, cross-border logistics in Internet+ Circulation, and education O2O (Online to Offline) in Internet+ Education.
- New companies: 100% of the Top 100 companies were established in 2010 or after, and 80% in 2012 or after. This increased competition from emerging vendors is bound to create market pressure, forcing both new and existing Internet service providers to better define offerings, pricing and go-to-market strategies.
- New funding: Among the Top 100 Innovative Chinese Internet+ companies, 80% are either looking for investment, already have angel investors or are in the pre-A series investment stages. Competition for funding will continue to be fierce.
According to Yolanda Zhang, Research Manager at IDC China, “China has become the largest Internet market in the world. IDC forecasts that by the end of 2016, China’s Internet penetration will exceed 70% as Internet+ and Mobile Internet+ impacts all industries from businesses to individuals. The unveiling of the concepts of Internet+ and popular entrepreneurship in March 2015 has once again elevated the Internet to becoming the focus of China’s national strategy. Internet+ will profoundly impact many of China’s traditional industries and will develop many emerging industries such as virtual operators, Internet finance, pan-entertainment, intelligent manufacturing, P2P, crowd financing, and energy Internet. Innovative companies will become a powerful driver of the ICT industry.”
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.