The U.S. led the world in the PC revolution. Europe was where cell phones took off. So where will the wellspring of innovation and customer adoption take place for the Internet of Things? China.
With its recent IPO, Alibaba is a ramping up a strategy for the Internet of Things. Seeing the success of Nest and Dropcam in the US, all of the major Chinese web properties— SINA, Baidu, Tencent —are looking at ways to use connected devices as a way to increase market share and advertising revenue. SINA started the trend last year with Wi-Fi weather stations. We are also seeing a battle among these Chinese Internet giants trying to provide IoT services to third-party manufacturers, similar to Amazon’s Web Services, both on their own and with U.S. partners.
Source: Venture Beat