<Editor's Pick> Review of China's Internet industry trends in 2020

Dec 30, 2020 HUAWEI Tencent

In 2007, Kingsoft was finally listed on the Hong Kong Stock Exchange after 20 years, and Lei Jun, the helmsman, had mixed feelings. After 16 years of hard work in Kingsoft, and a series of vicious battles with Microsoft and domestic competitors, Kingsoft finally "came ashore". As the first generation of entrepreneurs in Zhongguancun, Lei Jun, the "code poet", missed the subsequent wave of Internet entrepreneurship. The success of the four major portal websites and the BAT triumvirate in a shorter period of time made Lei Jun realize that he should "follow the trend" and turn around to set up "Xiaomi" to enter the mobile Internet field.

In 2014, Zhang Yiming, Wang Xing, and Suhua, who had no name in the PC Internet era, were working on their own in Zhichun Road, catching up with the mobile Internet era brought about by the explosion of smartphones and making a name for themselves in a much shorter time.

In 2020, the epidemic affected people's normal life, and this crisis also made Internet companies see the accelerated process of online and offline integration, realizing that the opportunities contained therein were no less than when the Internet was in its infancy.

Online education, telecommuting, community group buying, e-commerce livestreaming, and new consumer brands have formed the windfall, and these new trends formed by the flow of capital, talent, and companies may create new industries and platforms in the near future.

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