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Showing 1-6 of 6 results
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What's wrong with China's national champions?
News, Adam Minter, Published on 05/03/2019
» A year ago, Didi Chuxing Inc, China's largest ride-sharing company, looked like a quintessential "national champion". It had driven Uber Technologies Inc from the local market, attracted investment from Apple Inc and was contemplating a Hong Kong IPO worth as much as US$80 billion (2.5 trillion baht). State media coverage was fawning, government support was all but assured and the company's near-monopoly looked unassailable.
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China bent on carving a space for itself in the skies
News, Adam Minter, Published on 26/09/2017
» Last week, the Commercial Aviation Corp of China (Comac) announced that the C919, China's first homemade large passenger jet, had chalked up its 730th pre-order. Those numbers won't necessarily make Boeing or Airbus SE quake; Boeing estimates Chinese airlines alone will require 5,420 new single-aisle planes by 2036. Ultimately, though, they could herald the end of global aviation's great duopoly.
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China's cashless revolution is likely to spread afar
News, Adam Minter, Published on 20/07/2017
» On a recent trip to Shenzhen, in southern China, I came across a subway busker with two tip jars. The first was a cardboard box filled with coins and bills; the second was a small QR code taped to the box that allowed passersby to leave a tip by smartphone. On one level, this was simply smart business: Chinese made around $5.5 trillion in e-payment transactions last year. But it also offered a glimpse of the future.
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Alibaba's counterfeit woes continue
News, Adam Minter, Published on 05/01/2017
» It's hardly a happy new year for Alibaba Group Holding Ltd. Just before Christmas, the US Trade Representative added Alibaba's Taobao e-commerce site to a list of "notorious markets" that traffic in counterfeits. That's an unseemly place for a publicly held company: Other members include a Chinese shopping mall that specialises in counterfeit leather goods and a Paraguayan border market rife with organised crime that hawks everything from fake Ray-Bans to knockoff DVDs.
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iPhones should be made in China
News, Adam Minter, Published on 25/11/2016
» Few people took Donald Trump seriously when he said in March that he'd "get Apple to start making their computers and their iPhones on our land, not in China". But his election appears to have caused a change of heart. Apple has reportedly asked the two Asian companies that assemble the bulk of its iPhones to assess whether they can bring the work to the US. One of them, Foxconn, has agreed to look into the matter.
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Behind the Great Firewall, China poisons the internet
News, Adam Minter, Published on 13/10/2015
» For years now, China's elaborate efforts to censor and control the internet -- collectively known as the Great Firewall -- have restricted what the world's biggest population of netizens can see and how fast they can download. Until now, that hasn't been much of a problem for anyone besides locals and companies such as Facebook and Google hoping to sell to them.
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