The piece originally appears on LinkedIn, we reproduced it here under Kaifu Lee’s authorization. Kaifu is the founder of Chinese incubator Innovation Works , he also served as Google and Microsoft VP.

China will be 2x the US smart phone market in a year!  Only two years ago, China was a laggard with a tiny portion of the US.  What happened?

Originally, China’s market developed more slowly because of two reasons. First, usable 3G networks took much longer to develop than other countries.  Second, there are few subsidies in China, so users had to pay one or two month’s salary for an iPhone or Android.  These inhibited the growth.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership