31–40 of 95 posts
It's not too hard! The steps on how it did anyone can follow, given they have the resources! Step One: Have 1/8 of the world's population in a densely populated region. Step Two: Don't actively harm people trying to innovate. Step Three: Wait.
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Google, M$ and Amazon were not successful when they were not blocked in China.. Amazon China is still not blocked but far behind JD, Alibaba, etc. In some areas like fintech, drones, consumer apps and games China is clearly the leader. If FB is unblocked I doubt it can compete with Tencent at all. Tencent has a higher market cap than FB and understands the Chinese so much more..
I don't think this concedes how much a factor Chinese regionalism plays into the dominance of Chinese companies in China. The government has had a much stronger hand in shaping what technologies and companies flourish than in the rest of the developed world. How the market would have looked if the government was less heavy-handed is an open question, but I think it is misleading to omit this factor. Also, there are t…
Are there any sources where I can read more? I know Google fought a lot over similar issues and eventually withdrew their hardware from China.
Also, the Chinese are building a citizen scoring card system, that will rate your standing with the government from birth to death.
There was an article in the WSJ yesterday that called the last 20 years of GE under CEO under Jeff Immelt “success theater” due to the underlying rot. China is a country of “business theater”. They sure look like they’re doing business, lots of factories, tons of people in suits, cargo container ships, etc. But it’s all just a lie. It’s nothing but the 21st century planned economy version of the Soviet Union. It’s no…
It's funny, if an author with a book to peddle repeats the mantra enough times..."China is innovative", it might become true. And yet, what evidence does she raise? "the electronics were assembled in China; almost never were they invented in China" "paying with your smartphone has become the norm" "bikeshare firms" "China has the largest number of unicorns outside the US" Nothing that would define as innovations. Let…
Best example I can think of is DJI. Best in class consumer electronics drone manufacturer and a worldwide brand with high cache. https://en.wikipedia.org/wiki/DJI_(company) Founded by a Chinese engineering student with a personal aeronautics hobby, based in Shenzhen — he's now a billionaire.
But apart from this, KPIs aside, the Chinese landscape is amazingly scarce innovation-wise. If one has to tout bikesharing as innovation, it sounds like there's not much to brag about. I am puzzled at Kai-Fu Lee's claims, he's not just another VC.
Certainly seems that China is faster to adopt this technology than others. Unclear if this is an isolated incidence, but was just surprised to see China pick up a new technology faster than most established tech centers.
It's not too hard! The steps on how it did anyone can follow, given they have the resources! Step One: Have 1/8 of the world's population in a densely populated region. Step Two: Don't actively harm people trying to innovate. Step Three: Wait.
Real Step Two: Just copy everything.
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Real Step Two: Just copy everything.
Every industrial nation started by copying the British. The European countries and the US did it in the 19th century. In the 1960s/70, everybody joked about the Japanese copying everything. In the 80s, South Korea was known for cheap copies of electronic devices. It is/was only a matter of time for China to move from copying to innovating.
While China developing it's own technology was practically inevitable, it will be far more interesting when they begin influencing what people want.
This article is missing the key part where China blocked and limited products by major foreign tech giants such as Google, Facebook, Microsoft et al so homegrown Chinese variants could flourish.
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You seem to think china is one massive block of people all thinking the same. Being there at the present time, i see a society full of very independant, almost libertarian people, very hard to govern, that are thriving to do business, from 1-shop man to big businessmen. And the young generation ( My feeling is that if a war should happen it will be a civil war between China government and chineese people, maybe once…
It seems that whenever there's a conflict between a segment of the population in China and the government, the government always wins. The Tiananmen Square protests didn't lead to democracy, Hong Kong protests don't change anything, Tibet and Xinjiang are still suppressed, Taiwan is still bullied, Gui Minhai is still secretly imprisoned and probably tortured, and any foreign web site that reports on any of this is ba…
But on a local level it's actually surprisingly responsive. Many an industrial project has been shuttered or aborted during construction due to local opposition. This is especially the case for environmental concerns. But local groups have also successfully forced the national party to reform the local chapter to clean up corruption, or lobbied for freedom to do certain kinds of business. (It's not all democratic, it certainly helps to have wealthy backers for these interests)
There was an article in the WSJ yesterday that called the last 20 years of GE under CEO under Jeff Immelt “success theater” due to the underlying rot. China is a country of “business theater”. They sure look like they’re doing business, lots of factories, tons of people in suits, cargo container ships, etc. But it’s all just a lie. It’s nothing but the 21st century planned economy version of the Soviet Union. It’s no…