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China Is Nationalizing Its Tech Sector

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Re: China Is Nationalizing Its Tech Sector

#51

Post by alehul »

AmericanChopper wrote: post #6
andrewclunn wrote: post #2

And thus the brain drain from China will commence at full speed (more than present). Seems government regulators in China don't understand market forces either. Good to know.

Central planning has always proven to be an inefficient way to allocate resources, so I’m not sure why free markets would be worried about China implementing more central planning.

As a side note, here's an argument from Paul Graham regarding central planning (when writing about MIT and Harvard):

> [1] This is one of the advantages of not having the universities in your country controlled by the government. When governments decide how to allocate resources, political deal-making causes things to be spread out geographically. No central goverment would put its two best universities in the same town, unless it was the capital (which would cause other problems). But scholars seem to like to cluster together as much as people in any other field, and when given the freedom to they derive the same advantages from it.

[1] http://www.paulgraham.com/cities.html#f1n

Re: China Is Nationalizing Its Tech Sector

#52

Post by purple-again »

unmole wrote: post #31
dogruck wrote: post #21

Could someone please list the top 10 technological innovations that originated in China?

How about top four? Paper, printing, gunpowder and compass.

I downvoted the parent comment but your response is also disengenuous. Unless I’m allowed to claim credit for Rome’s victories the ‘China’ that invented those things shares nothing with the China being discussed right now.

Re: China Is Nationalizing Its Tech Sector

#53

Post by thisisit »

> Tencent Holdings Ltd., with nearly 1 billion users, reported that its net income almost doubled in the last quarter, to $3.3 billion. Alibaba Group Holding Ltd., which dominates online retail, is expecting growth of 55 percent this year. Investors may worry about Chinese debt, but they're giddy about Chinese tech.

Anyone knows the SEC equivalent site for pulling revenue numbers for Chinese companies? If possible, direct links for Tencent and Alibaba will be even more helpful.

The reason I am asking is Alibaba has been investigated for their creative accounting:

https://www.thestreet.com/story/14277425/1/alibaba-still-coo...

And, I recently watched "The China Hustle" documentary. Discussed here:

https://news.ycombinator.com/item?id=16726355

One of the highlights in the documentary was the financial reporting. There was a huge gap between revenues western Media and US markets was seeing vs what was being reported in China. The whole idea being accessing financial data for Chinese companies was hard.

Re: China Is Nationalizing Its Tech Sector

#54

Post by hn0 »

abhiminator wrote: post #3

It'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…

There’s a lot of ninja downvoting on seemingly thoughtful comments going on in this thread.

Re: China Is Nationalizing Its Tech Sector

#55

Post by alehul »

phyalow wrote: post #4

A picture is worth a thousand words. The sculpture outside the front of Tencents Shenzhen HQ. https://pbs.twimg.com/media/DXRIsWrVQAAJgjl.jpg

As someone with parents who experienced the USSR, this is what really terrifies me about China's rise, and the reason I can't say I'm against a trade war if it hinders them more than us.

Imagine a world in which China holds more control... a country with little legal or social respect for individualism, where your fate is 'centrally planned' by how impressive your maths skills are. By contrast, ~30% of American billionaires are dropouts. We highly value ambition in the U.S., and we attract (and reward) people who have it; those people, upon coming here, largely have the freedom to create and build and be in charge of their own future.

It just seems like the U.S. will self-select for the ambitious and the inspired and those who desire freedom, and it would be immensely worrying if this model we have appears wrong.

Re: China Is Nationalizing Its Tech Sector

#56

Post by adinobro »

petra wrote: post #47
baybal2 wrote: post #12

Comparison 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 p…

Amazon vs Alibaba - to simplify, this game will be won by the best supply chain, And sure Amazon leads by far. But what happens when the "one belt one road" railroad is finished ? Will Alibaba get a preferential treatment ? And if so, could Amazon handle that ?

Have you tried Amazon outside of the USA? It sucks. In the UK I've been told it is ok. In Australia, Thailand and China it is not a great experience. In China Tmall is an amazing experience. In their home markets they both seem to be entrenched but globally I'm not sure if either will win.

Re: China Is Nationalizing Its Tech Sector

#57

Post by bwb »

diego_moita wrote: post #45
dalbasal wrote: post #32

The "trade war" thing has been the most/only interesting ideas to come from trump, to me. It was interesting in that he did recognized (fluked into?) an actual shift in public/expert position. China is the pro-trade side. They'll be willing to make concessions, do the work, etc. It's the beijing consensus now, not washington. Large american companies are still on the pro-trade side, being multinationals. They also ha…

Trump might be fighting for a good cause, but he is doing it in the most stupid way. The road to hell is paved ... Case in point: the original TPP had plenty of protection for American IP. The orange demagogue ditched the treaty, all the other countries removed those protections and now he wants to come back. The pattern of stupidity is pretty obvious: the US needs international allies to prevail against China, but i…

well said on TPP, we should be in that than out. Unfortunately it became a political talking point, rather than a real discussion.

Re: China Is Nationalizing Its Tech Sector

#58

Post by hn0 »

petre wrote: post #26
rayiner wrote: post #17

Earlier quoted context omitted.

Seems like premature celebration. The Soviet Union was incredibly successful (turning a backwater into a superpower in a few decades) until it wasn’t.

Corruption and incompetence eventually takes over. The Brezhnev era is sort of illustrative.

The biggest plusses of representational democracies imo, open opposition and replacement of the leadership every few years.

Re: China Is Nationalizing Its Tech Sector

#59

Post by mdorazio »

dalbasal wrote: post #32

The "trade war" thing has been the most/only interesting ideas to come from trump, to me. It was interesting in that he did recognized (fluked into?) an actual shift in public/expert position. China is the pro-trade side. They'll be willing to make concessions, do the work, etc. It's the beijing consensus now, not washington. Large american companies are still on the pro-trade side, being multinationals. They also ha…

> Imagine a Chinese company operating in the states, with an a fully imported senior management and all "c-level" discussions in chinese.

For what it's worth, you just described two separate companies I've consulted with, and I'm sure there are many others.

Re: China Is Nationalizing Its Tech Sector

#60

Post by diego_moita »

StevePerkins wrote: post #48
diego_moita wrote: post #45

Earlier quoted context omitted.

Trump might be fighting for a good cause, but he is doing it in the most stupid way. The road to hell is paved ... Case in point: the original TPP had plenty of protection for American IP. The orange demagogue ditched the treaty, all the other countries removed those protections and now he wants to come back. The pattern of stupidity is pretty obvious: the US needs international allies to prevail against China, but i…

> the original TPP had plenty of protection for IP. The orange demagogue ditched the treaty You mean the same position taken by the other party's entire field in that election? (even if you suspect that Clinton's opposition was disingenuous, and forced by pressure from Sanders)

As in: "I am not wrong because everyone else is doing it"?

Anyway, I am not too concerned with your country's future since I am not American.

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