This Chinese App Wants To Solve The Problem of a Billion Indians
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Jason Wang, the recently-appointed Managing Director of content-sharing app SHAREit, says the key to becoming profitable in India is to be patient. “We see India as a 5-10 year plan. Scale matters. Going to do business in India is a big trend in China right now.” Wang told Entrepreneur India.
Wang believes India is not a good market to make quick & easy money. But if a company wants to make build something great and worthwhile, India is the only option in the world.
The globally-acclaimed app sees India as its top market with 300 million users and over 1 billion users globally..
In its quest to capture a larger of the Indian users’ pie, it is offering content sharing in Hindi in tier-II, tier-III cities, primarily for middle and low-income consumers.
Since 2009, Wang has spent time in India to understand what the country really needs. He says his company is looking to answer the one question every Chinese company aims to answer - How To Solve The Problem of a Billion People.
“Innovation worldwide goes for Artificial Intelligence or space technologies but China is similar to India. The billion people do not care about space technology; they are focused on billion model innovation,” Wang told Entrepreneur India.
Will SHAREit become be able to develop the next Alibaba in India is a question time will answer.