Speaker 2
there something about the timing that made this particularly ripe for people to adopt it? I'm thinking about increasing speeds of broadan and the ability to stream video in ways that, you know, you couldn't maybe when he first started with towchow, did he hit on the right timing? And for some reason that allowed this to take off
Speaker 1
absolutely. Two things were happening. Not only was smart phone adoption running at blazing speeds, not just in china, but around the world. And just to put that in perspective, current stats indicate that of the seven billion plus minus humans on earth, about five and a quarter billion have active mobile devices. And of those, about 80 % have smart phones. So we're now looking at a world where over 50 % of the human population has a smart phone. That's all happened in the last ten years. And it happened very, very fast in china because of chinese manufacturers, jaume and others, creating essentially very powerful, very low priced devices, hence very affordable and democratized access. That was clearly part of this picture. And then you put your finger on another big trend, which was the transition in mobile telephony from three g to four g, hence the availability of wireless broadband connections and essentially glish free streams, not just of content allo the facebook news feed, but actually video content. Here's
Speaker 2
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Speaker 1
i suppose it wod be fair to say that those early services certainly benefited from the fact that the president g in power then was not the president g we know to day. Meaning that it was a free, willing economy that was celebrating tech. On penership, in the accumulation of wealth, and a roughly speaking, capitalist system, albeit with socialist characteristics, as the chinese like to say. In addition, it is also the case that the version of tiktok duyin in china is pretty heavily censored. And so if you go into duin with five or six thousand key words that you can search on tiktok and get results on, about forty % of those key words that you could search on for tiktok are censored on duyin. So another aspect of thi story is that tiktok has been, or bite dance, i should say, has been relatively well behaved, i think it would be fair to say, in the eyes of any kind of state controllers who might be interested in this. The other thing is that, regardless of what one may think about the nefarious uses to which a i might be put, i think bite dance has benefited from the fact that, you know, this was about doing something really nice for people. Everyone in big chinese cities rides the subway. Everyone needs a form of entertainment. This at least, has presented, initially as something pretty light and fluffy. You'll be interested to know that the new mission of the company to inspire creativity and to bring joy.
