THE CURRENT AND FUTURE POTENTIAL OF CHINESE INTERNET MARKET Sample Clauses

THE CURRENT AND FUTURE POTENTIAL OF CHINESE INTERNET MARKET. The rise of Internet popularity in the past few has generated an exceptional growth rate of 162% per annum that astounded the world. With moth than 50 million users, hundreds of billions of dollars of revenue are generated by new opportunities associated with the Internet. Internet usage has become a key indicator for national governments in assessing their competitiveness against other nations in the information industry. Moreover, the Internet has left indelible marks in reforming the social structure and forced revolutionary changes. As information technology rapidly develops, information becomes readily available, which creates a wealth of opportunities while improving qualities of life. Geographical and economical barriers are broken through the process of information transfer. The forces of free market will finally champion making all aspects of life such as employment, education, medicine, easily accessible to everyone. The Chinese Internet development came in at a later stage of the global development Nevertheless is has been growing with an amazing fervor. The development process can be broken into three phases. The first phase (199874994) can be called the Email phase. During this period, Email became a popular communication tool The ability to communicate with European and North American countries through dial up service and email was realized. The second phase (1994-1995) began by farther investment from the Department of Education on the existing education and research network, astonishingly similar to the early stages of development in the us. TCP/IP connection was eventually established on this network, thus realizing the full functionality of the Internet. The third phase (1995 to present) came soon after Internet became accessible not only to the research and educational institution, but also to private customers through commercial 151's. In 1998, Chinese Internet users stood at 1.2 million and is projected to growth at 220% per annum in the coming years. China has family become an official member of the world Internet family. Presently, there are thirteen international gateways in China. They belong to four networks. Despite the promising growth, many Chinese Internet users and ISP become increasingly concerned with the future development of Internet in China. Chinese Internet development is unique in many aspects. Specifically, Chinese Internet leapfrogged a number of development stages as the other countries have, such as PC penetration...
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Related to THE CURRENT AND FUTURE POTENTIAL OF CHINESE INTERNET MARKET

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  • Xxxxxxx Xxxxxxx/Market Abuse Laws You acknowledge that, depending on your country or broker’s country, or the country in which Common Stock is listed, you may be subject to xxxxxxx xxxxxxx restrictions and/or market abuse laws in applicable jurisdictions, which may affect your ability to accept, acquire, sell or attempt to sell, or otherwise dispose of the shares of Common Stock, rights to shares of Common Stock (e.g., RSUs) or rights linked to the value of Common Stock, during such times as you are considered to have “inside information” regarding the Company (as defined by the laws or regulations in applicable jurisdictions, including the United States and your country). Local xxxxxxx xxxxxxx laws and regulations may prohibit the cancellation or amendment of orders you placed before possessing inside information. Furthermore, you may be prohibited from (i) disclosing insider information to any third party, including fellow employees and (ii) “tipping” third parties or causing them to otherwise buy or sell securities. Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company xxxxxxx xxxxxxx policy. You acknowledge that it is your responsibility to comply with any applicable restrictions, and you should speak to your personal advisor on this matter.

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