It seems tech companies in the US could definitely benefit from increased oversight on operations and stronger compliance with privacy laws, not only that but the establishment of integration with state-owned firms could boost domestic consumption of tech services that don't revolve around ad and social media consumption.
China Is Nationalizing Its Tech Sector
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Re: China Is Nationalizing Its Tech Sector
#12Comparison
Baidu - Google
Baidu is horrid, even in Chinese. Baidu doesn't have nearly as big stronghold on advertising in Chinese market as Google has in every market outside of China. End of discussion.
Alibaba - Amazon
On commercial side, Alibaba steamrolls Amazon with some margin remaining. Tech-wise, Alibaba sucks big time. Their search algo is something horrid. Alibaba has a relatively big part of Internet ads pie in comparison to Amazon.
They need more competent tech people, or better to say let more competent people to lead, and less talking big. I personally knew the person who nearly single-handedly created half of all business Alibaba group has outside of China, yet he did quit the company because he was denied promotion and never given recognition for his efforts. Moreover, his superiors were intentionally keeping quiet of his existence and appropriating credit for his work.
Tencent - Facebook
Company-wise Tencent is way better on focus and management quality. People there are very well conscious what the company needs and for what. They don't have much random RnD initiatives or "see what sticks to the wall" internal startups.
Their money cow are their horrid mobile games, and WeChat wallet.
While they are unquestionably a social network company, they are almost invisible as such. WeChat team prides themselves on their "Zero popups" experience.
Their idea is plain - solidly done, undisturbed by ads social side of the ecosystem must be kept as such so that users will have less impediment to use value added services from the commercial side of the ecosystem when they want to. This is what FB can't do.
Re: China Is Nationalizing Its Tech Sector
#13A picture is worth a thousand words. The sculpture outside the front of Tencents Shenzhen HQ. https://pbs.twimg.com/media/DXRIsWrVQAAJgjl.jpg
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Re: China Is Nationalizing Its Tech Sector
#14It seems tech companies in the US could definitely benefit from increased oversight on operations and stronger compliance with privacy laws, not only that but the establishment of integration with state-owned firms could boost domestic consumption of tech services that don't revolve around ad and social media consumption.
How would they benefit?
Re: China Is Nationalizing Its Tech Sector
#15It's interesting to observe how China has managed to fuse together, almost seamlessly, the major functional modules of it's government -- Communist Party committees, for example -- with the tech sector. As other commentators in various publications have pointed out, this deep integration coupled with massive investments in auxiliary sectors, a culture of scientific inquiry and a heavily STEM focused primary education…
Yes. Seems like China is the first country who got the means for centralization. They got the ideology and the tech to manage it on that scale. Also they're too big to get attacked.
>Seems like China is the first country who got the means for centralization.
No, the previous grand experiment with this ended in 74 years of fail, with small upswings during NEP era, Khrushev and right before the fall.
Re: China Is Nationalizing Its Tech Sector
#16Earlier quoted context omitted.
Yes. Seems like China is the first country who got the means for centralization. They got the ideology and the tech to manage it on that scale. Also they're too big to get attacked.
>Seems like China is the first country who got the means for centralization. No, the previous grand experiment with this ended in 74 years of fail, with small upswings during NEP era, Khrushev and right before the fall.
Let's not forget that that previous grand experiment certainly did not look like a failure for 20-30, some say 50 years. Even after that there was a never-ending chorus of people proclaiming it's success. And yes, that was because they were of a particular political bent, but still ... Some still haven't gone silent.
Unless of course, you were one of it's subjects living within it's borders. Then there was no doubt. Even now, very few Russians outside of Russia are socialists. Given that most of them would only have experienced Soviet Russia as small children or through stories of family members, that's quite an accomplishment.
Most Chinese outside of China seem to be, one terrified of their opinion becoming known. Two terrified of returning to China without the option to leave again (in fact quite a few seem to have changed opinion in the last few years. They seem to think that traveling there at all could result in never returning). Three they seem to be terrified of having their money anywhere near or otherwise dependent on China.
Re: China Is Nationalizing Its Tech Sector
#17It's interesting to observe how China has managed to fuse together, almost seamlessly, the major functional modules of it's government -- Communist Party committees, for example -- with the tech sector. As other commentators in various publications have pointed out, this deep integration coupled with massive investments in auxiliary sectors, a culture of scientific inquiry and a heavily STEM focused primary education…
Seems like premature celebration. The Soviet Union was incredibly successful (turning a backwater into a superpower in a few decades) until it wasn’t.
Re: China Is Nationalizing Its Tech Sector
#18It seems tech companies in the US could definitely benefit from increased oversight on operations and stronger compliance with privacy laws, not only that but the establishment of integration with state-owned firms could boost domestic consumption of tech services that don't revolve around ad and social media consumption.
What state-owned firms do you mean with: "... but the establishment of integration with state-owned firms". Amtrak, USPS, National Parks or one of the Federal Loan Banks?
Re: China Is Nationalizing Its Tech Sector
#19Earlier quoted context omitted.
>Seems like China is the first country who got the means for centralization. No, the previous grand experiment with this ended in 74 years of fail, with small upswings during NEP era, Khrushev and right before the fall.
Let's not forget that that previous grand experiment certainly did not look like a failure for 20-30, some say 50 years. Even after that there was a never-ending chorus of people proclaiming it's success. And yes, that was because they were of a particular political bent, but still ... Some still haven't gone silent. Unless of course, you were one of it's subjects living within it's borders. Then there was no doubt.…
But they didn't have the technology.
Maybe with help of good IT, this is manageable better?
Re: China Is Nationalizing Its Tech Sector
#20A picture is worth a thousand words. The sculpture outside the front of Tencents Shenzhen HQ. https://pbs.twimg.com/media/DXRIsWrVQAAJgjl.jpg
LOL...