MORE THAN WECHAT – PLATFORM TRENDS IN ASIA

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Two trends – mobile only and consolidation – define the next decade. The world’s growth markets are mobile first and mobile only. This leaves North American and Western European startups, run by digital as opposed to mobile natives, at a distinct disadvantage. At the same time the big are getting bigger while the small find it hard to survive.

China
721m
Mobile First, Mobile Only
3bn to 850bn
eCommerce and Games

China Behind
Advertising
B2B
Software
SaaS

China Ahead
Social
eCommerce
P2P
Bitcoin

Tencent
519
Innovators Dilemma
83bn
US$5.4bn 52% YoY Growth

WeChat
Payment, banking,
commerce, customer
service, loans, insurance,
health, prostitutes,
transport, crowd funding

It’s a WeChat
world and we just
live in it

36% net realized IRR
Top 5% VCs in world

@williambaobea
n
williambaobea
n
williambaobean2

0
10
20
30
40
50
60
70
80
Europe China US
Annual Venture
Investment

The web was first conceived 25 years ago, by an Englishman. Fifteen years later, as the first crop of dot.coms were going bust, close to 60% of its users (and all Alexa “top 20” sites) came from developed nations. Fast forward to today, and the picture is strikingly different. Almost half the Alexa “top 20” now comes from emerging economies. Economies where close to 3 billion people have yet to use the web, but thanks to mobile — won’t have to wait much longer to discover it. This presentation will introduce you to fascinating and innovative services that are re-shaping the web to serve the consumers of tomorrow. Driven by mobile, the power of personal relationships, and the breakneck pace of globalisation, these services provide a glimpse into the business models, opportunities and challenges we will face, when growing a truly global web.

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Search and Society: Reimagining Information Access for Radical Futures

Bhaskar Mitra

The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.