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News on the Internet & Tech Industry in China

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Strength in numbers

Ant Group delivers the world’s biggest ever IPO – why the excitement?
Oct 30, 2020 (WiC 516)

“I have heard many banks saying they will lend more to small and medium-sized enterprises. I have been hearing this for five years but how many banks are actually doing this? If the banks don’t change, we will change the banks.” So said ...

The next big thing

Party study session sparks quantum craze
Oct 30, 2020 (WiC 516)

“He who excels in study can follow a career as an official,” said the sage Confucius. For thousands of years, government officials in the Middle Kingdom had to be avid learners. In our own times, the same spirit is embodied by the many ...

Search for the future

How Baidu is banking on a new strategy focused on artificial intelligence
Oct 23, 2020 (WiC 515)

Algorithms are a sequence of steps that solve a certain task. Increasingly crucial in shaping the digital world, they actually have a long history as a mathematical skill set, deriving their name from a ninth-century Persian polymath. But they ...

A dotcom departs

Sina joins exodus from the US capital market
Oct 9, 2020 (WiC 514)

The geopolitical scene has changed completely over the past 20 years but Sina Corp’s core business hasn’t. Such was the domestic media’s verdict on the fluctuating fortunes of the company that paved the way for other Chinese internet firms ...

Too fast, too furious?

China’s chip industry evokes memories of flawed 1950s steel plan
Oct 2, 2020 (WiC 513)

Drawing on Nikita Khrushchev’s prediction in 1957 that the Soviet Union would overtake the United States as the leading industrial power within 15 years, Mao Zedong told counterparts in Moscow that China could overtake the UK in the same ...

Beyond the clouds

Bytedance’s data centre partner goes public on Nasdaq
Oct 2, 2020 (WiC 513)

The startling crash in the oil price earlier this year was a boon for the world’s supertankers. As a floating means of storing surplus crude, the ships came to the rescue of traders waiting out what has been described as the biggest oil glut in ...

Mover and shaker

Lee Kai-Fu triggers facial recognition fears
Sep 25, 2020 (WiC 512)

In China few people carry a more authoritative voice when it comes to artificial intelligence (AI) than Lee Kai-fu. The former CEO of Google China is also one of the most dedicated investors in the field. His latest fund is half invested in AI. ...

A golden thank you

Bytedance gets a precious payments licence from China’s central bank
Sep 18, 2020 (WiC 511)

The clock is ticking down to the September 20 deadline from Washington to force the sale of TikTok’s American business. On Monday TikTok’s parent Bytedance said it had submitted a proposal to the US government to continue operating its ...

Monkey business

Blockbuster game features iconic literary hero
Sep 18, 2020 (WiC 511)

Sun Wukong, the Monkey King, is one of the most iconic figures in Chinese literature. As the main character in the 16th-century novel Journey to the West, he accompanies the Buddhist monk Xuanzang on a pilgrimage of magic and adventure. ...

In a stranglehold

America’s next tech target could be foundry SMIC
Sep 11, 2020 (WiC 510)

What defines a superpower? For the American academic John Tkacik it comes down to the country’s military capability, including the superiority of the microchips that power its weapons. His assessment came with a warning that US military ...

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