"Platform Revolution": Embrace the platform and create an organic ecosystem

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What are the similarities between Apple’s App Store, NHN’s LINE, and Alibaba’s Taobao? The answer is revealed. These three different online services are all successful platforms that dominate one area.

The importance of platforms is self-evident, not only because they can help owners earn huge profits, but also because they have built a strong ecosystem that can meet the various needs of users while widening the gap with other competitors.

“Platform Revolution” written by Chen Weiru and Yu Zhuoxuan is a rare good book in Taiwan. Not only does it bring us a global perspective, it also analyzes the highly profitable business models of social networking, shopping, games and media from the perspective of “platform ecosystem”, and brings exciting cases such as Google, Qidian Chinese, LINE and Taobao, which is really rare.

If you are interested in these successful platforms, or want to know how to build a strong ecosystem, I sincerely recommend reading by Chen Weiru (opens in a new tab) and Yu Zhuoxuan (opens in a new tab) The masterpiece “Platform Revolution (opens in a new tab)” written by experts.

Postscript:

Although “Platform Revolution (opens in a new tab)” was published in November 2013. It has been nearly a year and a half ago, but I think this book written by two authors, Chen Weiru and Yu Zhuoxuan, is still worth savoring. If you want to understand the application of platform strategies and business models, this book is not to be missed.

Nowadays, the power of platforms cannot be underestimated. Recently, I published an article in udn’s column called “The power of platforms from Xiaomi Band and Facebook Messenger (opens in a new tab)”. It takes Xiaomi Band and Facebook Messenger, two of the most popular products and services at the moment, as examples to discuss the development of the rapidly rising platform ecosystem. Interested friends are also welcome to refer.

♪ Image source: pixabay (opens in a new tab)

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Further reading

• “Earn 300,000 per month with LINE stickers!” Banana Man’s character economy winning skills with the No. 1 download rate: Bravely start a business and create a character economic ecosystem
• “Big Data @ Work Force: How to use huge amounts of data to create competitive advantages for individuals and enterprises” Recommended Preface: Wandering in the vast flow of big data
• “Social Influence: SOCIAL ROI”: We are all in the community