28 October 2015 Asia Pacific/China Equity Research Thematic Research (Technology - Internet/New Media CN (Asia)) Young China Research Analysts THEME Vincent Chan 852 2101 6568
[email protected] Lonely kids ruling cyberspace Anson Huang 852 2101 6823
[email protected] Figure 1: The fast growing "Young China" 92.6 Baiding Rong 100 852 2101 6703 80 63.7
[email protected] 53.4 60 47.7 Bin Wang 41.2 30.3 852 2101 6702 40 27.9 19.4 16.0
[email protected] 20 David Hao 0 Online Online Video Internet Internet Advertising Sports Industry O2O O2O Food Delivery Groupbuy Online Online Shopping Online Ticketing Robot Robot Ownership Environment Environment 852 2101 7310 Investment
[email protected] Dick Wei 852 2101 7339
[email protected] Evan Zhou 852 2101 6745 CAGR% (14-17)
[email protected] Source: Company data, Credit Suisse estimates Joy Zhang 852 2101 7083 We studied the characteristics of "post 90s" Chinese and their implication on
[email protected] various aspects of the Chinese economy: Kevin Yin 852 2101 7655 ■ The "post 90s" generation. There are three distinguished characteristics of
[email protected] this generation: (1) it is the first generation fully affected by the "One Child Kyna Wong Policy"; (2) it is the first generation to benefit from widening education 852 2101 6950
[email protected] opportunities, with over 85% of them attending high school and almost 40% Mark Mao with tertiary education (based on 2014 data); and (3) it is the first generation 852 2101 6710 to grow up with the internet, so they are much more willing to express their
[email protected] opinion or share information in cyberspace.