Some of the reasons, I want to be invested in china.com:(from the Softbank thread on SI)
Immediately below the top 70+ year old dictators (actually they do compromise with
provincial authorities and other constituents) in China are a bunch of 45-55 year olds
with whom I deal with quite a bit, and the government as a whole has embraced the
internet ...
1. PC growth at 45% er annum, w/ the fastest Intel processors and much pirated
software;
2. All government agencies (central, provincial and large municipal) will be on the net,
complete with home pages by end of year;
3. B2B emphasized as way to leapfrog distribution technology - lots of
intranets/extranets being put up and Cisco is very very busy here;
4. Fibre and GSM (now CDMA as well) emphasized, with the equivalent of a Baby
Bell's capacity added each year (accounting for #1 sales by country for Ericson,
Motorola, etc);
5. Zhong Guan Cun (Silicon Hutong) was featured in Wired earlier in the year is
hopping with McDonnalds and Silicon Valley returnees tooling around in Mercedes
500s;
6. Microsoft Venus project (derivation of webTV, optional with portable wireless
appliance) is taken seriously by Legend (largest computer assembler in China and Asia
(beating out Compaq, Dell, IBM, HP etc in the neighborhood) and government.
So, age of leadership is not the primary determinant in net adoption rate; sense of
urgency is.
PS Softbank is my "Darling" pls check the recent performance. Mr. Son will surely also look at the chinese market.
Good investing, Hans
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