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International

Place to discuss every international news/issue.

Murari , interested in socio-economic issues. Aug, 08 2016

The Western caricature of Chinese internet firms needs a reboot


Google left, Facebook is blocked, Amazon is struggling to make headway. And if further proof were needed that China’s tech market is a world apart, this week seemed to provide conclusive evidence. Uber, a ride-hailing service that is the world’s most valuable startup, decided to sell its local unit to Didi Chuxing, a Chinese rival. Chinese firms are protected from external competition by government regulation and the Great Firewall. And that protection means that they need not innovate but can thrive by copying business models developed in the West. In short, China is closed, its firms are cosseted and their talent is for mimicry.
Google left, Facebook is blocked, Amazon is struggling to make headway. And if further proof were needed that China’s tech market is a world apart, this week seemed to provide conclusive evidence. Uber, a ride-hailing service that is the world’s most valuable startup, decided to sell its local unit to Didi Chuxing, a Chinese rival. Chinese firms are protected from external competition by government regulation and the Great Firewall. And that protection means that they need not innovate but can thrive by copying business models developed in the West. In short, China is closed, its firms are cosseted and their talent is for mimicry.

Ashok Kapoor , Aug, 08 2016


There are thousands of foreign brands in China all selling at premium prices compared to local ones and there is next to zero Chinese brands in US or Europe. Without this pretext, the conversation on Chinese protectionism and China market access challenges would be grossly distorted. Now someone will hop out and cite the 300 billion US trade deficit with China, but before they do that they should know that 300 billion is the sales value of the goods, a majority of which goes to the foreign brand owners with only a small remaining blance goes to China for labor cost.
There are thousands of foreign brands in China all selling at premium prices compared to local ones and there is next to zero Chinese brands in US or Europe. Without this pretext, the conversation on Chinese protectionism and China market access challenges would be grossly distorted. Now someone wi


Alice , Aug, 08 2016


And on the subject of Chinese innovation. The Transit Elevated Bus has been released: http://jalopnik.com/everything-that-makes-chinas-new-traffic-straddling-bus-1784768447


Pinaki , Aug, 08 2016


Just like India, China belongs to the second wave of developing countries; this means that they can and often do "leap-frog" technologies which are now considered obsolete. E-mail is an example. For the most part, its non-existent in China unless your job mandates a company e-mail account. Does China still imitate a lot? Of course they do. But its unfair to say that China has come up with any new. For China to be making ANY trail-blazing innovations at this stage in their development is worth noticing and why shouldnt they?
Just like India, China belongs to the second wave of developing countries; this means that they can and often do "leap-frog" technologies which are now considered obsolete. E-mail is an example. For the most part, its non-existent in China unless your job mandates a company e-mail account. Does Chin


Radhika , Aug, 08 2016


I feel that the way WeChat is utilised in China is in fact extremely innovative. I was actually surprised WeChat accounts for only a third of online phone use. If you walk into any supermarket almost anywhere in China, you can just scan a QR code on your phone to buy what you want. You take a cab, scan your phone. You buy something at a flea market, scan your phone. In these same stores they dont except debt or credit cards. Thats just one feature on WeChat. There are tons of others. Its not something you see on Facebook, YouTube or Twitter and its not surprising these American firms are paying attention to WeChat. I would agree that in this respect American apps do feel basic and somewhat primitive. As for Google, Baidu cant compare to Google
I feel that the way WeChat is utilised in China is in fact extremely innovative. I was actually surprised WeChat accounts for only a third of online phone use. If you walk into any supermarket almost anywhere in China, you can just scan a QR code on your phone to buy what you want. You take a cab, s


Alice , Aug, 08 2016


Huawei Engineering graduates 10,000 engineers per month! Certainly not in the class of IIT or MIT et al, but surely more than enough will be competitive with the rest of the world to provide the yeast for Chinas technological expansion throughout the 21st Century. Unable to absorb or recruit Chinas best and brightest, Western universities have decided to branch out, and opened foreign satellite schools in China and other locales; i.e. Europe and Middle East. India may be the answer, but first, the Western governments must ask themselves the right question. Can they survive in a multi-polar world, where their interests are in alignment with the rest of humanity, not their selfish ambition.
Huawei Engineering graduates 10,000 engineers per month! Certainly not in the class of IIT or MIT et al, but surely more than enough will be competitive with the rest of the world to provide the yeast for Chinas technological expansion throughout the 21st Century. Unable to absorb or recruit Chinas


Rahul , Aug, 08 2016


What most MNCs missed about Chinas tech space is the ownership, you simply cant reply on a bunch of less incentivized managers, no matter expats or local hires who typically are only granted a small number of stock options and less likely to climb up the corporate ladder than the home market employees. On the flip side, the homegrown champions business success are well aligned with employees financial interests and career. How could you expect the dominant player in such a big country not those of the Chinese people, for the Chinese people and by the Chinese people. After all, the gap is not as big as expected in terms of the quality of service and products, while its also narrowing.
What most MNCs missed about Chinas tech space is the ownership, you simply cant reply on a bunch of less incentivized managers, no matter expats or local hires who typically are only granted a small number of stock options and less likely to climb up the corporate ladder than the home market employe