China is now a global economic power. Overall growth has averaged 7% to 8% for more than a decade, with digital markets expanding more rapidly in the last threee years. China is the world's largest telecommunications market with 300 million mobile subscribers and 290 million 'wired' subscribers, out of a total population of 1.3 billion, and an annual projected grwoth rate of over 15% in mobile subscribers. Chinese appliance manufacturers are experiencing growth in excess of 40% per year. However, internet penetration and e-commerce are still relatively low, with about 80 million online users, which implies huge growth opportunities, as this number grows.
Pearson, the international education and information company, has bought Wall Street English, China's leading provider of premium English language training to adults, for $145m in cash.
Michelle Wong, 16 April 2009
Internet subscriber numbers have grown dramatically in India and China over the past five years. In China, there were over 150 million internet users in 2007, over a third of these with Broadband access. In contrast, India had around 50 million internet subscribers with very little broadband...
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14 February 2008
Viadeo, a European social network for business contacts has raised a further €5 million in funding from its existing investors, AGF Private Equity and Ventech. The company, which is similar in idea and execution to LinkedIn, plans to use the money to expand its offering into Asia.
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03 September 2007