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Internet & Tech

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Shopping centre giant has another go at ‘smart retail’
Jun 29, 2018 (WiC 415)

If 2017 was something of an annus horribilis for Wang Jianlin (see WiC375), this year is turning out better for the founder of Wanda. As a leading sponsor of soccer’s World Cup, the Wanda brand has been broadcast around the globe over the past ...

Jack’s money machine

Is Ant Financial worth $150 billion?
Jun 8, 2018 (WiC 412)

Does the world’s largest fintech company deserve a valuation which is half that of the world’s largest bank? For that is what Ant Financial has just achieved relative to ICBC after raising $10 billion from a final fundraising round ahead of ...

Wars of the walled gardens

Video site Douyin launches lawsuit against Tencent over WeChat blockage
Jun 1, 2018 (WiC 411)

Ahead of the EU’s General Data Protection Regulation’s coming into effect last week, website operators across the world scrambled to bring their privacy policies in line with the new requirements. According to 21 Century Business Herald, ...

TAXing times for Robin Li?

Managerial reshuffle hits Baidu’ s stock price
Jun 1, 2018 (WiC 411)

Baidu, China’s answer to Google, got its name from an 800 year-old poem that compares the poet’s search for a beautiful but elusive woman with the quest for one’s dreams in life. “Hundreds and thousands of times, for her I searched in ...

An eSporting life

Thanks to Tencent the eSports industry is one of the fastest growing in China
May 25, 2018 (WiC 410)

With the gaokao, China’s make-or-break college entrance exam, just a few weeks away, a high school teacher decided to lighten things up by discussing some of the most desirable things his students could do in their future ...

At arm’s length

Can ARM’s new joint venture bolster China’s chip ambitions?
May 25, 2018 (WiC 410)

A lot has been written about the famous ‘invisible hand,’ which the Scottish economist, Adam Smith, described to illustrate his belief that the cumulative impact of individual self-interest benefits society at large because free markets are ...

China’s equivalent of SpaceX
May 25, 2018 (WiC 410)

He bills himself as China’s answer to Elon Musk and last week, Shu Chang achieved his ambition of leading the first Chinese company to launch a privately developed rocket. Well, sort of. Shu’s company, OneSpace Technology, is behind the ...

Love your country more!

Techno-nationalists target former champion Lenovo
May 25, 2018 (WiC 410)

In the 1980s Japanese manufacturers were clobbering their American competitors. Books like Japan as Number One by Harvard professor Ezra Vogel were bestsellers and ‘techno-nationalism’ was spreading in the political world. The term ...

Is China’s most profitable internet firm still capable of innovating?
May 18, 2018 (WiC 409)

After a market research firm reported earlier this month that short video app Douyin was the most downloaded non-game app in Apple’s App Store in the first quarter of this year, Zhang Yiming made an announcement on his social media account to ...

Will it be China’s Samsung?

What is Xiaomi and is it worth $100 billion?
May 11, 2018 (WiC 408)

Before founding Xiaomi in 2010, Lei Jun is said to have been given the chance to invest in China’s biggest internet duo, Tencent and Alibaba (now worth almost $1 trillion combined). In 1998 Lei was 29 but already the general manager of ...

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