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2018 Trends and Opportunities in China You Need to Pay Attention To
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2018 Trends and Opportunities in China You Need to Pay Attention To

Business Leader Luo Zhenyu Gives His Outlook for 2018 in His Annual New Year Speech

Shen Xingyou
Ifanr, 2018
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Editorial Rating

8

Qualities

  • Eye Opening
  • Engaging
  • Insider's Take

Recommendation

Luo Zhenyu, one of the most influential media personalities in China and the founder of paid-content app Dedao (iGet), has promised to deliver a New Year’s speech every year for 20 years. In 2018, for his third annual new year speech in this “Friend of Time” series, Luo talked about “Chinese-style opportunity.” The speech got more than 11 million views online. In this article from the tech media website Ifanr, operating editor Shen Xingyou highlights the main points of the four-hour speech. getAbstract recommends Luo's insights to entrepreneurs, global investors, economists, as well as start-up enthusiasts. 

Take-Aways

  • Underserved markets like second- or third-tier cities in China offer opportunities for entrepreneurs.
  • Newcomers welcome: The Chinese market is big and diverse enough for more innovative business models, mind-sets and products to thrive.
  • Traditional companies can survive in the digital age if they specialize and continue to improve efficiency.

About the Author

Shen Xingyou is the operating editor at Ifanr, a tech media website in China that focuses on consumer goods, technology and innovation. Shen writes about business, products and lifestyle.

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