Streaming services, which had accounted for less than 10 percent of sales in Japan until a few years ago, grew to 15 percent last year and will likely exceed 20 percent this year, said Jamie MacEwan, who covers the Japanese media business for Enders Analysis.
Strong support seen for talks
Stine also reiterated since there are many farmers in China, that's "one of the primary areas that we want to work in."
Still, he cautioned, "This trade war will hurt millions of American small businesses and farmers."
Still, Tencent's decision to bring in tighter controls came after the People's Daily criticized the game's negative impact on underage players earlier this week. The newspaper also called on the company to make greater efforts to solve this problem.
Still, escaping sprawl is only part of the explanation. There are also the distinct lifestyle advantages of setting up shop in the hurly-burly of real urban districts. Compared with previous generations, today’s younger techies are less interested in owning cars and big houses. They prefer to live in central locations, where they can rent an apartment and use transit or walk or bike to work, and where there are plenty of nearby options for socializing during nonwork hours.
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Su Jing, president of Novo Nordisk Research Center China, said the company plans to team up with 100 universities, startups and incubators in a year for ideas and projects with great potential.
Such dynamism has been largely fueled by exponential growth from notably smaller cities and townships, offering promising signs for investors that the nation's consumption potential is yet to be fully unlocked.
Stressing that shared understanding between the two countries far outstrips difference and common interests far outweigh frictions, Wang said China is willing and ready to carry on traditional friendship.
Steven Ji, co-founder of Sequoia Capital, said: "We are optimistic about the prospect of Chinese online education and we think that the country is expected to generate a group of education companies valued at several billion dollars."