With the rapid growth of Internet technology, countries around the world are accelerating the construction of digital economy. Among the flooded countries, the growth of China’s Internet market is particularly eye-catching. Thanks to a sophisticated user base, technological innovation and policy support, China has managed to become the world’s largest Internet market.
- Complex user base
China has the largest population in the world, which also provides a complex user base for the growth of its Internet market. According to the data of the National Bureau of Statistics of China, by the end of 2020, the scale of Internet users in China has reached 989 million people, and the Internet coverage rate exceeds 65%. This number is by far the largest in the world. The complex user base makes the Chinese Internet market have significant trade value, attracting countless enterprises to enter.
- Craft renovation
The growth of China’s Internet market cannot be separated from technological innovation. In the scale of artificial intelligence, big data, and cloud computing, Chinese enterprises and scientific research teams have been inexhaustible, providing strong technical support for the growth of the Internet industry. In addition, China has also gained a heavy impact on the scale of 5G communication technology, laying the foundation for the further growth of Internet property.
- Policy support
The Chinese government highly faces the growth of Internet property and has issued a series of policies, creating a splendid scene for the growth and creation of the Internet market. For example, the “China (Guangdong) Free Trade Pilot Zone Shenzhen Area Financial renovation Implementation Plan” proposed to support the Internet financial renovation, urging the Internet and traditional financial business depth smooth. In addition, the government has stepped up supervision of the Internet industry to ensure market order and users’ rights and interests.
- Diversified Internet ecology
China’s Internet market has formed a diversified ecological category, including e-commerce, online education, financial technology, online entertainment and other scales. Among them, the growth of the scale of e-commerce is particularly prominent. Alibaba, Jingdong and other e-commerce giants lead the global e-commerce tide, providing consumers with convenient shopping experience. Online education, financial technology and other scale has also gained rich effects.
- Global influence
With the rise of Chinese Internet enterprises, more and more Chinese enterprises have initially exerted influence on a global scale. For example, Huawei, ByteDance, Tencent and other enterprises in the global market implied excellence, revealing the strength of Chinese Internet companies. These enterprises have not only achieved success in the domestic market, but also dealt with various kinds of quarrels in the domestic market, which has accumulated valuable experience for the growth of the Chinese Internet market.
In short, China has grown to become the world’s largest Internet market. Under the supervision of the complex user base, technical renovation and policy support, China’s Internet market will continue to link the rapid growth trend and contribute to the growth of global Internet property.