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The Rise of China as Global Tech Superpower (Live @ RISE Hong Kong 2018)

RISE conference: Is China surpassing the US as the world’s digital leader?

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At RISE, Asia’s biggest tech conference, the rise of China as tech leader is a major theme. What’s on Weibo reports on the launch of the China Internet Report and other China-related talks at RISE today.

China is a major theme this week at RISE, the largest tech conference in Asia, taking place at the Hong Kong Convention and Exhibition Center from July 9-12.

Besides wide attention for Chinese latest startups and tech developments, a central question posed at this year’s conference is if China is the current world leader in technology, and if it has thus surpassed Silicon Valley as the global tech powerhouse.

In the morning of July 12, Edith Yeung (500 Startups), Ravi Hiranand (Abacus), and Chua Kong Ho (South China Morning Post) reveal the hugely publicised China Internet Report, which brings a definitive outlook of the companies, industries and trends that are changing the technology space.

Also on Tuesday, another panel with various speakers from Bloomberg to Withinlink address the question of whether or not China is now the world leader in technology, and if its rise should be feared by the US.

What’s on Weibo is here at RISE to live report for you – refresh page for updates (update: live blog now closed).

 

China Internet Report (10:30 HKT)


 

In their presentation of the latest findings when it comes to China and the internet, Edith Yeung, Ravi Hiranand, and Chua Kong Ho present four major themes that are crucial to digital China.

Firstly, as explained by Chua Kong Ho, “Chinese Internet giants are doing everything.” The major players such as Baidu, Alibaba, and Tencent are not just involved in e-commerce or social media, but also, for example, in the e-sharing economy, gaming, education, media, or artificial intelligence – penetrating all markets that matter in China today.

 

“Chinese Internet giants are doing everything.”

 

Second, Chinese internet empowers rural populations. E-commerce platforms such as Taobao, for instance, give ample new opportunities to people in the Chinese countryside to set up new businesses; a crucial theme in China’s digital developments today, as it greatly impacts society.

The Chinese Internet Report launched today, click to see. (URL https://www.abacusnews.com/china-internet-report/).

Third, Chinese internet companies embrace ‘social’: social media plays a major role in China’s digital market, arguably much more than it does in countries such as the US.

And last, Ko explains, the Chinese government is the visible hand – controlling all corners of the Chinese internet.

 

Biggest Tech Trends in China (10:40 HKT)


 

As Edith Yeung dives deeper in what matters in China today when it comes to digital developments, she focuses on the importance of AI and how tools such as facial recognition are playing an increasingly important role in Chinese society today; not just for practical matters such as train ticket collections, but also for governance, helping catching fugitives or jaywalkers. In terms of AI, China is investing the most in the world right now.

China’s first robot dentist fits implants into a patient’s mouth in 2017 (photo via Dailymail).

Robotics is also an area of major development in China, as intelligent service robots continue to upgrade across industries, including e-commerce and healthcare. As an example, Yeung mentions that in September 2017, the first robot dentist was introduced in the PRC.

Yeung, Hiranand, and Ko at Rise 2018 (photo whatsonweibo.com)

“Chinese consumers are crazy about cryptocurrency,” Yeung also emphasizes, and the cryptocurrency trading market is a huge and booming one – although “the government is not too friendly to the market.”

But blockchain technology is applauded more from the authority side. Although still in its infancy, companies such as Alibaba are already working with the government in applying blockchain technology across various industries.

Launch: The full Chinese Internet Report 2018 can be found here.

 

Attitudes that matter (11:00 HKT)


 

For Edith Yeung, who was selected by Inc’s Magazine as “one of the Silicon Valley investors you must know,” the question of whether or not China is the global tech leader is not a difficult one.

 

“China is leading and people elsewhere in the world have no clue.”

 

“I really think China is leading in so many areas, and people elsewhere in the world just have no clue,” Yeung says during the Q&A following the presentation of the China Internet Report.

Yeung also links the growth of Chinese tech companies to the working attitude of the people that is related to China’s history.

“My generation, let’s say those thirty-plus generations, remembers what it means to be poor. And that you have to work hard to be successful. People work hard because they can remember those days, and that attitude is not likely to change over the coming decades. There’s no nine to five attitude.”

 

World Leader in Technology (11:55 HKT)


 

Silicon Valley has always been seen as the world leading technology hub. During another RISE panel, simply titled “Is China now the world leader in technology?”, speakers Bessie Lee (Withinlink founder), Wayne Xu (Zhongan International president), Harry Hui (ClearVue Partners founding partner), Lei Chen (Xunlei CEO), and Tim Culpan (Bloomberg columnist) will address if the US should fear the rise of China as a tech superpower.

For moderator Tim Culpan, the answer is simple: “Obviously the answer is yes. We’re done here.”

But for the other speakers, the answer is not that straightforward. Bessie Lee sees two sides to China’s rise: “Is China a world leader in tech? Yes and no,” she says: “In mobile, e-commerce and mobile, China is definitely leading. But when it comes to privacy protection, for example, they are not leading in all aspects.”

Lee stresses that in mainland China, the regulations always fall behind the technology development. “It’s not there yet,” she states.

 

“They run fast. Those who do not run fast will be left behind.”

 

Other speakers agree with Lee. Wayne Xu sees China as a leader in financial and consumer-facing areas, whereas it is still lacking in others. “But as for AI, China is leading,” – a statement all speakers today stress.

Harry Hui mentions that the boom of exciting innovation in China partly comes from the fierce competition between local players: “Because of this enormous competition, they need to depend on data and be very quick in how they innovate and keep launching new services to stay relevant. They run fast. Those who do not run fast will be left behind.”

Chinese companies and the government have more focus on technological development today than the US has, Xunlei’s Lei Chen states. But still, he says, China has a lot of catching up to do.

 

“Chinese are going to take on the US market, but the US are not going to take on the Chinese market.”

 

Lei does not agree with Lee that regulation is most problematic – he says it is the participants in the market that are often lacking in quality and tech knowledge. Nevertheless, when it comes to AI and blockchain, Lei stresses, “China’s overtake is around the corner.”

Both Harry Hui and Wayne Xu both say that China will follow its own path in its rise as tech leader; a unique road that is different from paths taken by other leaders such as the US.

According to Bessie Lee, one dimension of this road is that “Chinese are going to take on the US market, but the US are not going to take on the Chinese market” – a crucial dynamic that will eventually determine who the global tech leader will be.

As for today’s speakers, they all seem to agree that if China is not already the leader in tech, it will be in the future.

Hours after the kick-off of RISE, conference visitors also hold similar views (see image above); according to the majority of voters, “when China will overtake Silicon Valley” is not a question for the future – it is already happening.

Also read: The top ten things you need to know from the China Internet Report by Abacus.

This live blog is closed. Keep checking in on What’s on Weibo in days to come for more updates on RISE and latest news on what’s trending on Chinese social media.

By Manya Koetse

Spotted a mistake or want to add something? Please let us know in comments below or email us.

©2018 Whatsonweibo. All rights reserved. Do not reproduce our content without permission – you can contact us at info@whatsonweibo.com.

Manya Koetse is the editor-in-chief of www.whatsonweibo.com. She is a writer and consultant (Sinologist, MPhil) on social trends in China, with a focus on social media and digital developments, popular culture, and gender issues. Contact at manya@whatsonweibo.com, or follow on Twitter.

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China Arts & Entertainment

China Association of Performing Arts Issues Online Influencer ‘Warning List’ with 88 Names

China’s canceled celebrities won’t be able to turn to live streaming once they’re on this black list.

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On November 23rd, the China Association of Performing Arts issued a so-called “warning list” of 88 names of internet personalities who have been reported and registered for their bad behavior. The people on the list have either violated the law or their actions have allegedly negatively impacted society and public order.

The moral responsibility of Chinese idols became a much-discussed topic earlier this year when various celebrities came under fire for sexual misconduct, tax evasion, or other controversies.

Chinese celebrities Wu Yifan (吴亦凡, aka Kris Wu), Zheng Shuang (郑爽), and Zhang Zhehan (张哲瀚) are also on the current version of the list. They previously made headlines in China; Chinese-Canadian pop star Wu Yifan was detained over rape allegations, actress Zheng Shuang was caught up in a surrogacy scandal and was fined $46 million for tax evasion, and actor Zhang Zhehan caused controversy over photos of him posing at historically sensitive places in Japan.

Wu Yifan, Zheng Shuang, and Zhang Zhehan.

This is the ninth list issued by the live streaming branch of the China Association of Performing Arts, which first started its “blacklist management system” (“黑名单”管理制度) in February of 2018.

According to an interview by People’s Daily with a spokesperson of the association, they further revised the management system in 2020 and then formed the so-called “Management Measures for the Warning and Return of Online Hosts” (网络主播警示与复出管理办法).

This year, Chinese (online) entertainers have faced tighter scrutiny since China’s Propaganda Department and other authorities have placed more importance on their societal influence as role models.

Although the list issued by the Association’s livestreaming branch focuses on online presenters and bloggers, it also includes other performers who already had a bad record. Chinese celebrities who have faced controversy will sometimes switch from acting or singing to the live streaming industry in order to generate an income. The new measures make it more difficult for ‘canceled celebrities‘ to make a comeback as a live streamer.

This also means we won’t be seeing Zhang Zhehan, Kris Wu, or Zheng Shuang on live streaming channels any time soon, as their inclusion on the list has basically banned them from the industry.

Since 2018, a total of 446 online celebrities/streamers have been put on one of these blacklists.

The topic became top-trending on Sina Weibo on Tuesday, where one hashtag page about the list received over 180 million views, and another one – specifically referring to Wu, Zheng, and Zhang being shut out from the industry – receiving over 630 million clicks (#吴亦凡郑爽张哲瀚被封禁#).

Many commenters wondered about why some names weren’t on the list, such as Chen Lingtao (@Cloud_陈令韬), who recently came under fire for cheating. “Of all the 88 people on the list, there are 85 I don’t know,” one commenter said.

Besides the three biggest celebrities, there are also names on the current list such as Tik Tok (Douyin) celebrity Tie Shankao (铁山靠) or online streamer ‘Teacher Guo’ (郭老师). Guo was popular on Tik Tok (Douyin) for rejecting standard beauty norms.

Guo Laoshi (image via Jing Daily).

Guo was removed from Chinese social media in September of this year during the major crackdown on Chinese celebrity circles. Now that she is included on the list together with 87 others, her return to the livestreaming industry is very unlikely.

Update: Read Li Xuezheng Defies Online Celebrity ‘Blacklist,’ Says He’ll Help Zhang Zhehan File Lawsuit

By Manya Koetse

Spotted a mistake or want to add something? Please let us know in comments below or email us. First-time commenters, please be patient – we will have to manually approve your comment before it appears.

©2021 Whatsonweibo. All rights reserved. Do not reproduce our content without permission – you can contact us at info@whatsonweibo.com.

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China Digital

Key Players, Digital Trends & Deep Dives: China Internet Report 2021

SCMP just launched its latest China Internet Report. (And What’s on Weibo readers can get a 30% discount on the Pro Edition!)

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As China’s tech sector has been facing an ongoing crackdown by Beijing regulations, a lot has been changing in the country’s digital environment over the past year. The new China Internet Report 2021 by SCMP gives an overview of the latest trends and developments.

When it comes to China’s online landscape, nothing ever stays the same. Over the past year, political, economic, and social developments and measures have once again changed the Chinese digital environment.

Giving a comprehensive overview of the key leaders and major trends dominating the Chinese online field, South China Morning Post (SCMP) issued its fourth annual China Internet Report.

China’s internet population has now risen to 989 million – last year’s report indicated an internet population of 904 million. By now, there are 853 million mobile payment users, which indicates that over 86% of the entire mobile internet population uses mobile as a way to pay.

As China’s internet population is still growing, and new online startups are still popping up every day, there have been tightening regulations on multiple fronts.

As laid out in SCMP’s report, regulations mainly focus on the four areas of antitrust, finance, cybersecurity, and data privacy. Regulatory actions targeting the monopolistic behaviours of China’s biggest internet companies are still ongoing, and the new Data Security Law came into effect on September 1st of this year.

While Chinese tech companies are seeing increased scrutiny at home, they have also been facing intensifying geopolitical tensions between China and other countries. Over the past year, the various probes and shutdowns into Chinese companies by countries such as the US and India have meant a serious blow to the market share of Chinese apps.

Meanwhile, the SCMP report highlights the trend of various older and newer Chinese (e-commerce) apps “downplaying” their Chinese origins when entering foreign markets. Shein is a good example of this development, but other players including Zaful, Urbanic, and Cider are also experiencing more success outside of China while not explicitly marketing themselves as Chinese e-commerce apps.

Another noteworthy trend explained in the new report is how China’s shifting demographics are creating new niche segments to compete over. The COVID-19 crisis is partially a reason why China has seen an increase in senior internet users, with an increasing number of online products and content catering to the elderly.

China’s Ministry of Industry and Information Technology (MIIT) even issued special guidelines earlier this year for web pages and mobile apps to carry out so-called “elderly friendliness modifications.” Since this user group is still expected to see significant growth, the “silver economy” is an area that will only become more important in the years to come.

To check out all the main trends for 2021, China’s latest internet statistics, its top tech competitors, internet companies, and more, here’s a link to the free report.

The free report is 55 pages long and gives an overview of China’s latest internet numbers and players, covers the top cross-sector trends for 2021, including the tightening regulations and the bumpy road ahead for China’s tech IPOs.

The Pro Edition of China’s Internet Report 2021, also launched by SCMP, is 138 pages long and provides a deep-dive into ten relevant sectors – featuring insightful and useful analysis, data, and case studies relating to China’s e-commerce market, content & media, gaming, blockchain, fintech, online education, healthtech, smart cars, 5G, and Artificial Intelligence.

The China Internet Report Pro Edition is priced at US$400, but the team at SCMP has kindly reached out and made it possible for us to offer a special 30% discount to What’s on Weibo readers.

You’ll get the discount by using the discount code: WHATSONWEIBO30, or by clicking this link that will automatically include your discount code.

By Manya Koetse

Spotted a mistake or want to add something? Please let us know in comments below or email us. First-time commenters, please be patient – we will have to manually approve your comment before it appears.

©2021 Whatsonweibo. All rights reserved. Do not reproduce our content without permission – you can contact us at info@whatsonweibo.com.

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