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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.

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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 Digital

Are Douyin and TikTok the Same?

China’s popular “Douyin” app is known as “TikTok” in markets outside of China. But is it really one app?

Gabi Verberg

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TikTok, known as the international version of the Chinese successful short video app Douyin, is a global hit. Despite Bytedance’s efforts to present Douyin and TikTok as being the same product, they are actually two separate entities.

Douyin, (抖音, literally “shaking sound” in Chinese) is a short video media app owned by China’s young tech giant Bytedance (字节跳动). The app allows users to create, edit, and share short videos as well as livestreams, often featuring music in the background.

Douyin’s international name is TikTok, an app that looks the same as Douyin, while in fact, the two are not one and the same, despite Bytedance’s efforts to brand it as such.

This is not the first time a Chinese tech company presents one app as being the same everywhere, while it actually is not. Tencent’s super app Weixin (微信), also known as WeChat, runs two different systems for its Chinese and international version, as explained here.

When downloading either WeChat or Weixin, both being the same app, the app determines what features you can use and what information you can see based on the telephone number you register your account with.

In practice, this means that when you are a non-Chinese resident, you will be using the ‘international version,’ meaning you will have access to (international-specific) content that a user registered with a Chinese telephone number will not be able to see. The overseas version also does not have the same Wallet functions the Chinese version has.

 

Two apps, two systems

 

The difference between WeChat vs Weixin and TikTok vs Douyin, however, is not the same. Whereas the first is basically one app with two different modes, Douyin and TikTok are two completely separate entities.

Depending on the app store you use, you will either be able to download Douyin or TikTok. Users of Chinese app stores can only find Douyin, whereas users of the overseas Apple store or Google Play will only find TikTok available for download.

That the apps are actually separate systems becomes clear when running the same search words in both apps. As shown below, both apps provide different content for the same search words.

Left image: TikTok, Right image: Douyin.

For example, one of TikTok’s most popular channels of this moment is called ‘LisaandLena,’ a verified account by two German twins which has over 32 million fans. However, when you enter ‘LisaandLena’ in Douyin, the only result is an unverfied account which only has 102 fans and shows seven videos.

Results are the same the other way around. One of Douyin’s most popular accounts is that of Chinese actor Chen He (陈赫), who has over 52 million fans features 62 videos at this week. However, when running the same name search in TikTok, several unverified accounts come up, all showing some similar videos like those on Chen He’s Douyin account.

Top left picture: Douyin; top right and two bottom pictures: TikTok.

This suggests that, although Tiktok and Douyin have the same functions, layout, and logos, its users in China and overseas are kept completely separate and are not able to interact with eachother, something that a recent Chinese blog also discusses in detail.

 

The Rise of Douyin and TikTok

 

Ever since its launch in September 2016, Douyin has grown immensely popular. Just one year after its release, Douyin had more than 100 million users and became the second most downloaded app in the Chinese Apple store.

In September 2017, ByteDance took its app overseas; branding Douyin as TikTok for the international market, while keeping the app’s original name, Douyin, for its Chinese market.

Similar to Douyin, TikTok appeared to strike the right chord among internet users right away. In the first quarter of 2018 (note: within half a year after release), TikTok was the 6th most downloaded non-game app in the Apple app store and Google play store combined. In the Apple app store, it was even the most downloaded app. With its 45,8 downloads in the first quarter, TikTok beat apps such as Facebook, Youtube, or Instagram in the popularity rankings.

But that is not where TikTok’s short-video craze halted. In August 2018, TikTok merged with short video app Musical.ly (founded in 2014), that had over 100 million monthly active users at the time. In October last year, after receiving several investments, ByteDance Ltd. officially became the worlds most valuable private start-up, valued at 75 billion dollars.

By summer, ByteDance announced that TikTok, (meaning both apps combined) had more than 500 million monthly active users worldwide. About 300 million of these 500 million monthly active users are China’s domestic users.

 

Why does ByteDance separate Douyin and TikTok?

 

Why would Bytedance go through the effort to create two apps running on different systems? The answer partly lies in China’s strictly controlled online environment, where (social) media companies have to adhere to local policies on what is and what is not allowed to be published on their (user-generated) platforms.

In 2018, Bytedance was already criticized by authorities for hosting ‘inappropriate content’ on its news platform Jinri Toutiao. The joke app Neihan Duanzi, also run by Bytedance, was forced to shut down. Afterward, the company vowed to hire 4,000 additional censors, clearly not taking any risks in getting more warnings from authorities.

By separating Tiktok from Douyin, ByteDance can closely regulate the contents uploaded to Douyin, as they will be disseminated within China, while leaving overseas TikTok and its users relatively free to share whatever content they want to share (do note that the app also set up a team of 20 censors in Indonesia to monitor and ‘sanitize’ content from the platform there, after receiving complaints from Indonesian authorities).

 
New regulations for online video content
 

In light of tighter control on online video platforms, it seems that Bytedance’s monitoring team will have to work around the clock. On January 9, China’s Netcasting Services Association (中国网络视听节目服务协会), an association directly managed by the Ministry of Civil Affairs, issued new regulations that online short video platforms in China should adhere to. One of the new guidelines requires all online video service providers to carefully examine content before it is published.

Tech Sina reports that the new stipulations require that all online video content, from titles to comments and even the use of emoticons, has to be in accordance with regulations, which prohibit any content that is ‘vulgar,’ is offending to the Chinese political system, puts revolutionary leaders in a negative light, or undermines social stability in any way.

On Weibo, the newest regulations became a topic of discussion, with many netizens wondering how short video apps such as Douyin are going to comply, and how its users will be affected.

Although Douyin has not responded to how and if its platform will change in light of the latest regulations, we can expect that TikTok will not be affected – it will be marching to the beat of his own app.

By Gabi Verberg, with contributions by Manya Koetse

Interested to know more about Bytedance and TikTok? We recommend listening to this podcast by Techbuzz China.

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

©2019 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

Alipay Changes Name to Hanbao (But for Users, Nothing Will Change)

Alipay, oh, Alipay, wherefore art thou Hanbao now?

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First published .

What’s in a name? That which we call Alipay, by any other name would do the trick. But although the title has changed, nothing will change for Alipay users.

On January 8, news that Alibaba’s online payment platform ‘Alipay’ (Zhifubao 支付宝) changed its official name to Hanbao (瀚宝), became a big topic of discussion on Chinese social media. The hashtag ‘Zhifubao Company Changes Name’ (#支付宝公司更名#) received millions of views on Tuesday, reaching over 30 million by Tuesday night.

Zhifubao (支付宝) is the Chinese name for the country’s leading mobile and online payment app. The brand ‘Zhifubao’ literally means ‘payment treasure.’ Outside of China, Zhifubao is known by its English name ‘Alipay.’

Alipay is operated by the Ant Financial Services Group (蚂蚁金服), an affiliate company of Alibaba.

The name change was reportedly registered for the ‘Zhifubao (China) Information Technology Company’ (支付宝[中国]信息技术有限公司), that changed into ‘Hanbao (Shanghai) Information Technology Company’ (瀚宝[上海]信息技术有限公司), just as ‘Alipay China Holding Limited’ has been changed to ‘Hanbao China Holding Limited.’

The name change was registered on December 18th of 2018. The legal ownership of the company has also been changed from Ma Yun (Jack Ma) to Ye Yuqing (叶郁青), who is the Ant Financial Chairman. Yicai Global already reported about a change to Alipay’s legal entity in the summer of 2018.

In October of 2018, the Financial Times reported that Jack Ma had quietly relinquished his ownership of the legal entities at the heart of Alibaba, after announcing he would retire as Alibaba’s chairman.

The Alipay company responded to the commotion, saying that the name change is just an “administrative matter” that will not affect consumers using the app in any way.

On Weibo, however, not everyone is happy with the change. “I owe Jack Ma some money, why do I now need to return it to Ye Yuqing?” one commenter wonders. Many others say similar things, jokingly saying they now no longer owe Jack Ma money. The Alipay platform allows users to buy items with credit through their ‘Huabei’ loan tool.

“Is Jack Ma no longer looking after us?!”, others say. “Being legal representative and being a shareholder are two different things,” one Weibo user replies.

The fact that the ‘Hanbao’ name is pronounced the same way as ‘Hamburger’ (汉堡) in Mandarin is also a reason some people are mocking the name change. Some netizens wonder if ‘Alipay’ will now change into ‘Hanbaopay.’

In 2017, there was also some online commotion when it was announced that McDonald’s China would change its name from Maidanglao to Jin Gongmen (‘Golden Arches’). At the time, McDonald’s China also responded to its name change, saying that it was for “official certification” only.

Time has shown that indeed nothing changed; just as the McDonald’s hamburgers are still the same, Alipay’s official hamburger-sounding new name is unlikely to affect its payment convenience.

Read more: Insights into Sesame Credit & Top 5 Ways to Use a High Sesame Score

By Manya Koetse

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

©2019 Whatsonweibo. All rights reserved. Do not reproduce our content without permission – you can contact us at info@whatsonweibo.com

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What’s on Weibo provides social, cultural & historical insights into an ever-changing China. What’s on Weibo sheds light on China’s digital media landscape and brings the story behind the hashtag. This independent news site is managed by sinologist Manya Koetse. Contact info@whatsonweibo.com. ©2014-2018

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