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Will China’s “Internet Plus” Initiative Help Businesses Succeed in the Elder Care Market?
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Will China’s “Internet Plus” Initiative Help Businesses Succeed in the Elder Care Market?

Liu Yijun
Jiemian, 2017
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Recommendation

“Internet Plus” is the Chinese version of Industry 4.0. Both refer to the drastic changes to businesses and industries spawned by various new technologies, including the mobile Internet, cloud computing, big data and the Internet of Things. Liu Yijun, writing on the tech media website Jiemian, explains how to apply an Internet Plus strategy to the elder care industry in China. getAbstract recommends this article to readers keen to understand the significance of Industry 4.0 for any industry.

Take-Aways

  • Business opportunities in China’s elder care market are worth approximately ¥5 trillion [$7.6 million] now. The market’s value will rise to ¥106 trillion by 2050.
  • However, many believe the elder care business in China now is inefficient, overpriced and nonprofitable.
  • Many Chinese elder care businesses focus more on property development than services.

About the Author

Liu Yijun writes for Jiemian, a Chinese news media startup that reports with a focus on tech and business news for "independent thinkers."

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