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News on the Internet & Tech Industry in China

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The Foxconn factor

Another staff death puts pressure on Pinduoduo
Jan 15, 2021 (WiC 524)

Pinduoduo started out as “the poor man’s Alibaba”, thanks to its founder’s promise of cheaper shopping for people who make bulk purchases online, ordering directly from factories (see WiC404 for our first mention of Pinduoduo and its ...

What next for China big tech

Have the nation’s internet behemoths passed their peak?
Jan 8, 2021 (WiC 523)

At its peak the American Telephone and Telegraph Company was one of the world’s most valuable businesses, owning all the wires and telephones in the United States. Known as ‘Ma Bell’ the monopoly was broken up into several ‘baby Bells’ ...

Capital offence

Anger festers after employee’s death at a top internet firm
Jan 8, 2021 (WiC 523)

Political theorists in the Communist Party of China (CPC) have struggled to produce a satisfying answer to a simple question: “Does the market have a socialist or capitalist surname?” The query – which sounds a little awkward in its ...

Not enough volume

Industry talk has Alibaba exiting its music streaming business
Dec 11, 2020 (WiC 522)

Jeff Bezos says that to have major successes, a company probably needs to experience a few major setbacks too. “Amazon will be experimenting at the right scale for a company of our size if we occasionally have multibillion-dollar ...

The new ‘Tuan’ economy

Internet giants see ‘community group buying’ as a huge growth area
Dec 4, 2020 (WiC 521)

Groupon was founded in 2008 with the idea of getting people together online to bargain collectively for bigger discounts in the same product or service. The idea quickly caught on in China and by 2010 there were hundreds of Groupon-lites. But ...

Rising up the ranks

Kuaishou files for Hong Kong IPO
Nov 27, 2020 (WiC 520)

When Jay Chou greeted his fans on a social media account in mainland China in May, there was general astonishment. The surprise came partly because the Taiwanese king of pop had never had a mainland-based account before, but also because Chou had ...

Coupling in commerce

Two US tech giants strike new deals in China, despite political tensions
Nov 27, 2020 (WiC 520)

“The United States does need to get tough with China,” claimed Joe Biden in an article in Foreign Affairs earlier this year. All the same, the new president is expected to take a more diplomatic direction in Sino-US relations than the current ...

Reining in the tech tycoons

Recent moves by Beijing indicate tougher times for China’s internet giants
Nov 20, 2020 (WiC 519)

According to the Confucian value system the social standing of businesspeople, no matter how wealthy, was below that of farmers and artisans. The most esteemed social group – apart from those with royal connections, of course – were the ...

Iconic console firm files for bankruptcy
Nov 20, 2020 (WiC 519)

When older gamers in the Western world think back to the industry’s origins, there’s often an American company at the forefront: Atari, with its legendary games such as Pong, Pac-Man and Space Invaders. When their ...

Baidu set to pay $3 billion for livestream firm
Nov 6, 2020 (WiC 517)

If two negatives can really make a positive, perhaps the deal between search giant Baidu – struggling for growth – and the ailing livestreamer YY has a chance of success. Baidu plans to take over YY, the livestreaming app operated by parent ...

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