China's next wave of bubbles will be from health apps

 13-Mar-17, LinkedIn 

While steel and coal get the headlines, many other industries are also already suffering from, or heading for, major oversupply, even in the service sectors that are benefiting from rapidly growing consumer demand. 

Image: Digital Graphiti

A classic internet land grab fight is underway in the healthcare apps space, with over 2,000 well-funded companies launching apps into the market. While they don’t all do the same thing – some schedule appointments, some try to diagnose, some connect to specialists – there are not 2,000 discrete needs for an app.

Players range from the giants such as Tencent to true start-ups. Probably 99% will spend their investors’ funds and fold. Of the remaining 1%, most will make money for investors only by being acquired by the couple of eventual winners. And that all supposes this is an area that the government decides to leave to market forces rather than taking over itself.

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