I don't think so. Instead, he thinks the best investment is in broadband companies. Before B2B transactions can take off, Chinese companies will have to focus on improving their internal systems - something that Kohlmeyer said he has been pleasantly surprised to see happen with his Chinese business partners, particularly as they prepare for China's entry into the World Trade Organization. I'm not dreaming and saying there will be a huge, huge development from one year to another. But all signals are that everything is going in the right direction.
Mobile commerce is another matter.
As has been the case in much of the world, the sale of goods and services through wireless devices has been slow to develop in China, said various speakers at last week's Online China 2001 conference. Some people make m-commerce the next big thing. In China, I don't expect m-commerce to be there very quickly in terms of being a profitable business. Yet some analysts said it's just a matter of finding killer applications that will spark a change in consumer behavior. Wu noted that the enthusiasm with which the Chinese have embraced mobile phones has exceeded various forecasts.