China is a mystery country, there are plenty of things that you don’t know. Here are seven China tech facts that you must know! Do not miss this!

1. China has 1.3 Billion people, but half of them didn’t have the access to Internet.

 

A farmer is making a call using his cellphone, not a smartphone.

A farmer is making a call using his cellphone, not a smartphone.

According to one recent research, 47.9% Chinese people haven’t online yet. But for some Internet startups and big companies in China, they told their investors and customers that they want to own the 1.3 Billion user market, and they calculated those invisible user to their Business Plan to fool investors.

So, you if see any propaganda words like “Join us with 1,300,000,00s Users” or “Whole China Accept Us, Why Not You?” please just don’t trust this bullsh*t!

2. In China, C2C is short for “Copy to China”, not “Company to Customer”.

Ctrl+c, Ctrl+v

Ctrl+c, Ctrl+v

As we all know, the nation of China started from cheap labor force and gained a name of “World Factory”. With economic recession recent years, China hope to finish a transition from labor-driven country to an innovation-driven country, like Japan and United States. Unfortunately, companies in China were not cool. From startups to listed enterprises, most of them lack the capacity of innovation. Some big Unicorn startup companies, like Didi, Meituan, Renren, they copied Uber, Groupon and Facebook at their very beginning. Some small companies even didn’t have a R&D department.

3. Employees in China Tech field job-hopped every 18 months.

sroucr:NextGengr

sroucr:NextGengr

According to a research of Job-finding web, women employee would quit their job in 17 months and 29 days, which men are a little bit longer, 18 months and 6 days. In China, the job-hopping behavior was recently encouraged in tech area because job-hopping can lead to a wage hike.

source:AOL

source:AOL

Normally, if one programmer choose to stay in one company, his salary would increase 20% annually; but if he choose to quit and find a new job in a new company, he would get a 25% wage hike. No wonder employees want to job-hopping.

4. Chinese Researcher Polished Motorola CPU Chips to Be His Own.

A man holding the facked Hanxin CPU.

A man holding the facked Hanxin CPU.

In 2003, when Chinese people were celebrating their home-made CPU “Hanxin” (or HISYS), someone found out a gigantic plot behind that small chip and its maker — — Professor Chen Jin. 3 years later, a man with a nickname of “deep throat” criticized Professor Chen in Tsinghua University BBS, saying Hanxin CPU is a huge lie.

This is Professor Chen Jin. Showing Hanxin Cpu to media.

This is Professor Chen Jin. Showing Hanxin Cpu to media.

After a month of investigation, they came to a conclusion that Chen faked in Hanxin. To all’s surprise, Chen hired some labor to polish the printed marks in chips made by Motorola. The model of these polished CPUs are MOTO-freescale 56800, made by Motorola in August, 2002. After the polish, Chen send them to government to get over 100 million RMB financial support. Test function RMB 100,000 Approximately equal to
USD:0

5. Ready to get investment from China, USA.

Source:fundasia

Source:fundasia

It’s predicted that till 2020, investment from institutional and personal investor and government would reach to 1–2 trillion dollar (1,000,000,000,000 to 2,000,000,000,000) from what 500 billion dollar in 2014. A big part of these investment is used in building China’s innovation ability and technology force.

The investment is changing people’s life in US. You would see more cheap but cost-performance smartphone and many other smart devices, you can buy cheap but high quality goods from China and use better designed apps, such as WeChat or so. Any way, it’s a good news.

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6. Why Chinese smartphone are so cheap?

Drop your home-made expensive phone to accpet China-made phone.
Here is the truth: Low labor cost and IP cost. As we said above, China has the name of World Factory, and the cost of a factory labor is 1/10 of USA. During the smartphone manufacture process, many processes need real human to operate.

Smartphone made by Huawei

Smartphone made by Huawei

If you have one Made-in-China smartphone bought in China, you would find that the operating system is kind different from the original Google Android System. Yes, they used the free and open-source Android System not the paid Google Android. For example, MIUI from Xiaomi, H2 and O2 from OnePlus.

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7. Chinese people LOVE crowdfunding!

There are three kinds of crowdfunding platform in China, they are reward crowdfunding, equity crowdfunding and social crowdfunding. Especially the first kind is much more popular in China, many Internet companies want to build their own reward crowdfunding platforms. Some rich companies participated in equity crowdfunding platforms, but most of them are just flash in the pan.

Pic of Jingdong Crowdfunding platform

Pic of Jingdong Crowdfunding platform

Since 2013, 70 crowdfunding platforms are shown online but over 16 were died. Besides that, crowdfunding frauds can be seen in almost any Chinese crowdfunding platform. If you see a sleek thing in Chinese crowdfunding platform, please double check its qualification. Do remember!

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