Showing 1-8 of 8 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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Grindr holds a mirror to China's subtle evolution
News, Adam Minter, Published on 11/09/2018
» Grindr, the world's largest gay social-networking site, told the Shenzhen stock exchange recently that it plans to IPO overseas. Its owner, Beijing Kunlun Technology Co, a games developer, didn't give a date or location. But the announcement revived concern in the gay community locally and worldwide about the app's Chinese ownership.
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Latest Google China bid will end like before
News, Adam Minter, Published on 20/12/2017
» In 2006 the Chinese government allowed Google to establish Google.cn for Chinese internet users. In return, Google agreed to scrub results of content that the government found objectionable. The deal held until 2010, when Google decided it could no longer agree to such terms. Within hours, the site was blocked and Google's search business on the mainland was dead.
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Streaming service gives voice to rural folks in China
News, Adam Minter, Published on 29/12/2017
» Yang Yang, a 22-year-old Chinese corn farmer, spends two to three hours a day streaming video of life in his cliffside village to smartphones across China. He spends lots of time clinging to a cliffside ladder, one hand on his selfie stick, while he banters with fans about village life.
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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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Why Uber's losing out to locals in Southeast Asia
News, Adam Minter, Published on 28/07/2017
» By any measure, the April 2016 decision by Uber Technologies Inc to sell its China operations to rival Didi Chuxing was a defeat. The brief but spectacular battle between the two ride-hailing behemoths had cost Uber at least $2 billion and earned it little more than the enmity of the Chinese government. The only silver lining seemed to be that Uber, free of an expensive price war, could focus its resources on other markets, including rapidly growing Southeast Asia.
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As EBay returns to China, it may be onto something
News, Adam Minter, Published on 24/02/2017
» About a decade ago, EBay Inc made a legendary retreat from the Chinese auction business in the face of growing local competition. It was a defeat so humiliating that it became a business school case study. Since then, however, the Chinese e-commerce market has changed drastically -- and so has EBay. As the company makes its return to the mainland, it may be at the forefront of an important trend in online trade.
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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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