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News on Internet & Tech Industry in China

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Taiwan’s Trump?

Foxconn boss Terry Gou is running for president in Taiwan
Apr 26, 2019 (WiC 449)

The Financial Times described him last week as “Taiwan’s disrupter-in-chief”, while the Wall Street Journal went with “a brash billionaire” that’s in the same mould as Donald Trump. The man in question is Terry Gou, the tycoon from ...

Tech tycoons under fire for trumpeting a ‘996’ work culture for their staff
Apr 26, 2019 (WiC 449)

After a lengthy wait Japan has introduced new laws to tackle one of the most notorious aspects of the country’s work culture: punitively long hours. Starting from April 1 overtime permitted has been capped at 45 hours a month and 360 hours a ...

Rise of the machines

How automation and artificial intelligence are reinventing the workplace
Apr 18, 2019 (WiC 449)

WiC’s first references to China’s robot revolution featured people like Wu Yulu, a farmer-turned-inventor who merited mention in our fourth issue for his brood of machines. “Each one is like my child so they all have my surname,” he ...

People with influence

China’s e-commerce sector is increasingly being driven by KOL ‘influencers’
Apr 12, 2019 (WiC 448)

In the true-story movie Joy, an inventor-housewife played by Jennifer Lawrence goes on a television-shopping network to peddle her Miracle Mop. After she nervously wields her invention, demonstrating how it self-wrings and how its head ...

Digital silk road

After WeChat’s setback, Bytedance and Bigo are making inroads in India
Apr 12, 2019 (WiC 448)

Soon after clocking off work as a kitchen hand in Delhi, 20 year-old Chote Paswan grabs his mobile phone and starts to broadcast social media updates to friends and family back home in his village in eastern India. But his go-to apps are not ...

Social seller Yunji on the verge of a Nasdaq IPO
Apr 5, 2019 (WiC 447)

Alibaba’s founder Jack Ma once compared his company to a crocodile in the Yangtze River. He wanted to distinguish it from Ebay, which he had likened to a shark in the ocean. The predatory implications were clear. But the Yangtze is the third ...

Chinese firms show off their AI capabilities at the electronic appliance expo
Mar 29, 2019 (WiC 446)

Made in China 2025. It sounds so much snappier than a policy to “advance the development of the manufacturing industry, enhance industrial fundamentals and accelerate China into a manufacturing powerhouse”. And that is perhaps why the ...

Fear of the other

Tencent investors highlight their concerns
Mar 29, 2019 (WiC 446)

Fear of ‘the other’ is one of humankind’s most deeply rooted psychological tendencies. It is what kept us safe in ancient times, although today it is deemed an emotional rather than rational response. Stock market investors appear to ...

Zuckerberg’s Facebook to copy Chinese rival?
Mar 22, 2019 (WiC 445)

Last November Facebook quietly unveiled a new app called Lasso that allows users to record 15-second videos of themselves dancing and lip-synching. Doesn’t that sound a lot like TikTok, the international version of China’s smash hit ...

Meet the supplier behind Huawei’s foldable smartphone
Mar 15, 2019 (WiC 444)

In 2003 China’s TCL agreed to set up a joint venture with French firm Thomson to create the world’s largest TV producer. In the same year, another Chinese firm called Irico (known locally as Rainbow Group) paid Rmb600 million ($89.28 million) ...

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