China to be biggest global e-commerce market by 2015

China is already home to the world’s largest online population but its e-commerce market is currently worth ‘only’ US$74 billion – less than half that of the US at $177 billion.

But the Chinese e-commerce market is growing rapidly and with such a large online population, it may leap-frog over the penetration rate of standard retail stores. This is potentially one of the drivers to make China the world largest e-commerce market by 2015, according to a recent report by BCG.

Overview Of China Social Media Equivalents

“Ogilvy China updated its infographic showing China’s social media equivalents – or copycats, as Western media loves to call them. Of course many of these started out as copycats, but most evolved into much more than the original Western website, either by adding additional functionalities or by localization of functions.”, wrote Marc van der Chijs (Dutch entrepreneur in Shanghai) on his blog.

China Social Media Overview

China Solid State Lighting kicks off in Guangzhou

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This morning, the 8th edition of the China International Forum on Solid State Lighting (SSL) kicked off in Guangzhou, with an opening address by Cao Jianlin, vice-minister of the Ministry of Science & Technology.

The event also saw the official launch of the Global Student Challenge, organized by the International SSL Alliance (ISA). Philips is one of the sponsors of this challenge, which aims to attract more young talent to SSL research. Piet Derks (see picture: 1st on left), General Manager of Philips Lighting R&D in Shanghai, was there at the launch. Philips will officially join the ISA at an official announcement later on today.

Also Maarten Derksen (see picture: 2nd on left), Deputy Consul-General of the Consulate-General in Guangzhou, participated in the event to show Dutch support for this initiative. Tomorrow Mr. Derksen will address national government officials and ISA members to highlight Holland’s international collaborations in the field of SSL. There are many opportunities ahead, as SSL is becoming a major area of cooperation between China and the Netherlands. April next year, vice-minister Cao is planned to head a delegation to the Netherlands. SSL is one of the topics on the agenda for discussion. During his opening address today, he underlined government efforts to set up international cooperation. A Dutch photonics trade mission to China is also in the works for next year.