Google Plans Big AI Push in China

Fortune
Google is expanding its artificial intelligence, or AI research to China.

Founder of China's Embattled LeEco Placed on Debt Blacklist

Engen Tham, Adam Jourdan
Reuters
The high-profile founder of struggling Chinese tech conglomerate LeEco has been placed on an official blacklist of debt defaulters, a further blow to a firm that had spent heavily to compete in areas from smart cars to online entertainment.

Google to Open Beijing AI Center in Latest Expansion in China

Shelly Banjo and David Ramli
Bloomberg
Google is deepening its push into China as it seeks an edge in one of technology’s most competitive fields: artificial intelligence.

China's Nuclear Spaceships Will Be 'Mining Asteroids and Flying Astronauts to the Moon' as It Aims to Overtake US in Space Race

Stephen Chen
South China Morning Post
China is on course to develop nuclear-powered space shuttles by 2040, and will have the ability to mine resources from asteroids and build solar power plants in space soon after, according to state media.

China Suddenly Has Way More of the World's Most Powerful Computers Than the US

Echo Huang
Quartz
China has surpassed the US by a record margin—nearly 60—to become the nation with the most supercomputers, according to the latest Top 500 survey,

Bitcoin Proves Hard to Kill in China

Gabriel Wildau
Financial Times
Chinese investors are still trading bitcoin and buying initial coin offerings, suggesting authorities in Beijing are struggling to clamp down on cryptocurrencies just weeks after announcing that public exchanges would be shut down.

How China’s Economy Is Poised to Win the Future

Ian Bremmer
Time
President Trump has plenty of work to do during his 10-day tour of Asia in November. In Japan and South Korea, he must reassure nervous allies that an “America first” foreign policy does not mean the U.S. has ceded regional dominance to China. In...

China Harnesses Big Data to Buttress the Power of the State

James Kynge
Financial Times
The sinologist Simon Leys has described consuming China’s communist literature as akin to “munching rhinoceros sausages”. But amid the leathery verbiage generated by the 19th Communist party congress there were also some extraordinarily piquant...

China Seeks Dominance of Global AI Industry

Louise Lucas
Financial Times
While the National Science Foundation in the US has no increase in funding this year, China has promised to “vigorously use governmental and social capital” to dominate the industry.

China’s Tightening Grip on Tech Giants: DealBook Briefing

Amie Tsang and Michael J. de la Merced
New York Times
If the Chinese government goes through with a plan to gain board seats at some of its country’s top technology players, will that cause problems when those companies go hunting for deals overseas?

Accelerating Fintech in China

Joshua Bateman
TechCrunch
China’s expeditious adoption of fintech is generating profits not only for startups, but also the companies investing in them. Sitting in the headquarters of FinPlus, a fintech venture capital firm and accelerator, its CEO, Mosso Lau, said, “There...

Conversation

10.06.17

Is China the Future of Bitcoin, or Its Past?

Andrew Collier, Isaac Mao & more
China often dominates the market for Bitcoin, a virtual currency managed by a decentralized network of computers: at points over the last few years, China may have accounted for more than 75 percent of Bitcoin trading. Energy subsidies there make it...

It's Not Just Amazon: Chinese Tech Giants Are Selling Groceries Too

Sherisse Pham
CNN
Amazon (AMZN, Tech30)'s move to swallow Whole Foods for $13.7 billion grabbed attention in the U.S., and the internet giant has also been dabbling in cashier-less grocery stores. But experts say China is already ahead of the curve...

China vs US: Who Is Copying Whom?

Louise Lucas
Financial Times
China is gradually shedding its reputation as the world’s technology copycat. It still spawns lookalikes, whether they be GoPro-style action cameras or Didi Chuxing, a ride-hailing app that looked awfully like Uber until it added Chinese...

China Is Stumbling Hard at Acquiring the High-Tech Chip Companies It Wants So Badly

Josh Horwitz
Quartz
US president Donald Trump on Wednesday vetoed a Chinese private-equity firm’s proposed $1.3 billion purchase of Lattice Semiconductor, an Oregon-based chip manufacturer.

The Rise and Rise of China's Xiaomi in India

Abhishek Baxi
Forbes
A couple of years ago in 2015, MIT Technology Review ranked Xiaomi number 2 on their list of 50 Smartest Companies -- a list that also had companies like Apple, Google, and Microsoft who were rated far below the Chinese smartphone and smart home...

China to Shut Bitcoin Exchanges

Chao Deng
Wall Street Journal
Chinese authorities are ordering domestic bitcoin exchanges to shut down, delivering a heavy blow to once-thriving trading hubs that helped popularize the virtual currency pushing it to recent record highs.

The Chinese Female Gamers Putting Male Players in the Shade

Danny Vinceny
BBC
In the world’s newest superpower, professional video gaming is a booming industry set to be worth billions. Female players struggle to earn as much as their male competitors – but that's not stopping one talented team of young women...

Google Continues to Hire in China Even as Search Remains Blocked

David Ramli
Bloomberg
Google’s search service may be banned in China but parent Alphabet Inc. is hunting for workers in a further sign it has ambitions in the world’s biggest internet market.

What’s Yours Is Mine in China but Is Sharing at a Peak?

John Sudworth
BBC
Ok, so car sharing makes perfect sense. And we get bike sharing, too. But ball sharing?

Alibaba and Tencent Are Showing How Companies Can Get around Beijing's Crackdown on Foreign Deals

Sophia Yan
CNBC
The firms, among China’s most important tech giants, are overseeing the merger of two companies they back. Chinese delivery firm 58 Suyun is combining with Hong Kong logistics company GoGoVan — both have raised funds from Alibaba, and Tencent backs...

Facebook Tests Way Into China Via Secret Photo—Sharing App

Yuan Yang
Financial Times
A photo—sharing app has appeared on Apple’s App Store in China that looks exactly like Facebook’s Moments app, and analysts say it may be a way for the US tech group to finally break into its most coveted market.

As Washington Tries to Protect Tech, China Could Fight Back

Keith Bradsher and Paul Mozur
New York Times
As the Trump administration moves to take on China over intellectual property, Washington will find it has limited firepower. Beijing has a strong grip on American technology companies, and global trade rules could favor China. 

Holes close in China’s ’Great Firewall’ as Apple and Amazon snub apps to bypass censors

Los Angeles Times
Moves by business giants Apple Inc. and Amazon.com Inc. to stop people from using censorship-skirting apps in China have renewed questions about the extent to which U.S. companies are willing to work with authorities to operate in the vast but...

Trump Administration Is Said to Open Broad Inquiry into China’s Trade Practices

Keith Bradsher
New York Times
The White House is preparing to open a broad investigation into China’s trade practices, according to people with knowledge of the Trump administration’s plans, amid growing worries in the United States over a Chinese government-led effort to make...

China Is Increasingly Becoming Key For Israel’s High-Tech Industry

Ferry Biedermann
CNBC
Israel has laid out the welcoming mat to Chinese companies and investors who may face more troublesome regulations and scrutiny elsewhere.

China Shames Jaywalkers Through Facial Recognition

AFP
Agence France-Presse
Chinese cities are cracking down on jaywalkers by installing facial recognition kits at intersections to identify and shame them by posting their photo on public screens.

Ride-Hailing Ucar Invests in China Tesla-Challenger Startup

Meng Jing
South China Morning Post
Ucar, a ride-hailing app launched by Hong Kong-listed China Auto Rental (Car Inc), has led a 2.2 billion yuan (US$324 million) investment into a Tesla-challenger in China, making its foray into automobile manufacturing.

Reports

05.24.17

China’s Social Credit System: A Big-Data Enabled Approach to Market Regulation with Broad Implications for Doing Business in China

Mirjam Meissner
Mirjam Meissner
Mercator Institute for China Studies
Under the catchphrase “Social Credit System,” China is currently implementing a new and highly innovative approach to monitoring, rating, and regulating the behavior of market participants. The Social Credit System will have significant impact on...

Chinese Aviation Finally Takes off with Help from the West

Financial Times
The latest vehicle for China’s aviation dream, the Comac C919, has just completed its first test flight after Beijing decided to take a different path: buying parts from European and U.S. aviation companies rather than stealing their technology.

China Focus: Construction of Boeing’s First Overseas 737 Factory Starts in China

xu yu
Xinhua
Construction of Boeing’s first overseas facility as part of its 737 production system started Thursday in the east China port city of Zhoushan. The construction will consist of two parts -- a Boeing 737 completion center and the delivery center. It...

China’s High-Tech Tool to Fight Toilet Paper Bandits

Javier Hernandez
New York Times
The toilet paper thieves of the Temple of Heaven Park were an elusive bunch.

Is Google Another Step Closer to Being Unblocked in China?

Nectar Gan
CNBC
Google is still in talks with Beijing over its plans to return to the mainland Chinese market

China’s Plan to Build Its Own High-Tech Industries Worries Western Businesses

Keith Bradsher and Paul Mozur
New York Times
China has charted out a $300 billion plan to become nearly self-sufficient by 2025 in a range of important industries, from planes to computer chips to electric cars, as it looks to kick-start its next stage of economic development. 

Conversation

02.16.17

Can China Become a Leader of Innovation?

Jost Wübbeke, Yu Zhou & more
China’s ambitious high-tech strategy is raising alarm in industrialized nations. From American and South Korean chipmakers to German car and machine manufacturers, some industry leaders expect the imminent arrival of strong Chinese competitors. Does...

Chinese People Are Buying All Kinds of Desperate Remedies to Protect Themselves from Smog

Charlie Campbell
Time
Air purifiers, meanwhile, are becoming cheaper and more efficient. Chinese tech firm Xiaomi leads the way with its Mi Air Purifier Pro, boasting a dual-fan, dual-motor system with ”high-precision laser sensor.” 

How Chinese Internet Giant Baidu Uses AI and Machine Learning

Bernard Marr
Forbes
Baidu is currently considered to be pack leader amongst the Chinese internet giants as they race to develop and deploy machine and deep learning technology.

Books

01.23.17

China as an Innovation Nation

Edited by Yu Zhou, William Lazonick, and Yifei Sun
This volume assesses China’s transition to innovation-nation status in terms of social conditions, industry characteristics, and economic impacts over the past three decades, also providing insights into future developments.Defining innovation as the process that generates a higher quality, lower cost product than was previously available, the introductory chapter conceptualizes the theory of an innovation nation and the lessons from Japan and the United States. It outlines the key governance, employment, and investment institutions that China must build for such transition to occur, and examines China’s challenges and strategies to innovate in the era of global production systems. Two succeeding chapters explain the evolving roles of the Chinese state in innovation, and the new landscape of venture capital finance. The remaining chapters provide studies of major industries, which contain analyses of the evolving roles of investment by government agencies and business interests in the process. Included in these studies are traditional industries such as mechanical engineering, railroads, and automobiles; rapidly evolving and internationally highly integrated industries such as information-and-communication-technology (ICT); and newly emerging sectors such as wind and solar energy.Written by leading academics in the field, studies in this volume reveal Chinese innovation as diverse across industries and enterprises and fluid over time. In each sector, we observe continued co-evolution of state policy, market demand, and technology development. The strategies and structures of individual companies and industrial ecosystems are changing rapidly. The sum total of the studies is a great step forward in our understanding of the industrial foundations of China’s attempt to become an innovation nation. —Oxford University Press{chop}

China’s Electric Vehicle Strategy Paved With Potholes

Anjani Trivedi
Wall Street Journal
By the numbers, China looks like it’s on the way to dominating the global electric car industry. But

How China Built ‘iPhone City’ With Billions in Perks for Apple’s Partner

David Barboza
New York Times
A hidden bounty of benefits for Foxconn’s plant in Zhengzhou, the world’s biggest iPhone factory, is central to the production of Apple’s most profitable product

The 10 Largest Investments in China This Year

Eva Xiao
Tech in Asia
In the first half of 2016 alone, investors poured US $37 billion into Chinese startups: Didi Chuxing, Ant Financial, and Meituan-Dianping top the list

China’s Digital Dictatorship

Economist
Turn the spotlight on the rulers, not the ruled: Instead of rating citizens, the government should be allowing them to assess the way it rules

Small Investors Join China’s Tycoons in Sending Money Abroad

Emily Feng and Alexandra Stevenson
New York Times
It's Chinese investors and a developer in Brooklyn- with a digital lending twist ...

After 1,000 Year Slumber, China Vows to Invent Again

Eva Dou
Wall Street Journal
Beijing spends billions on moonshot projects, hoping to shake off its reputation as a copycat economy and curb dependence on foreign powers

China’s Currency Didn’t Really Drop, Despite Jitters Over Trump

Neil Gough
New York Times
Early Tuesday it appeared the RMB had suddenly fallen more than 8%, but no deliberate devaluation took place. Instead, the culprit was a technical problem

Silicon Valley’s Culture, Not Its Companies, Dominates in China

Paul Mozur
New York Times
Looking to break from a rigid workplace culture, Silicon Valley has captured the minds of China’s young entrepreneurs and investors

Microsoft, Intel, IBM Push Back on China Cybersecurity Rules

Eva Dou
Wall Street Journal
Comments offer rare glimpse at tussle between Beijing and U.S. tech companies

'Social' Feature Turns China’s Alipay Into a Hook-up App

Josh Chin
WSJ: China Real Time Report
Alipay update leads to suggestive content flooding the typically staid financial app

China Space Program: Two Astronauts Return to Earth After Monthlong Tiangong-2 Stay

Avaneesh Pandey
International Business Times
The astronauts spent 30 days in the space lab, where they carried out medical and scientific experiments, and tested the complex’s habitability

China’s Controversial, Out-Sized Role in Africa’s Digital Revolution

Eric Olander, Cobus van Staden & more
Africa is home to one of the fastest growing technology markets in the world. In fact, more African households own a mobile phone than have reliable electricity or clean water. The combination of a young population, quickly growing economies, and...

How China’s Government Helps —and Hinders— Innovation

Anil Gupta and Haiyan Wang
Harvard Business Review
Given its ideological leanings, China presents itself as a unique experiment in the power of the state to help the economy become more innovative

Secret Backdoor in Some U.S. Phones Sent Data to China, Analysts Say

Matt Apuzzo and Michael Schmidt
New York Times
Security contractors discovered preinstalled software in some Android phones that monitors where users go, whom they talk to and what they write in texts

Swinging Singles' Day: Alibaba Holiday Drives Shoppers in China

Eva Dou
Wall Street Journal
China’s online-retail giant once again broke its sales record on the shopping day it helped create

China’s Most Powerful Rocket Lifts Off from Island Launch Center

Stephen Chen
South China Morning Post
Analysts say development of Long March CZ-5 is crucial to success of nation’s future space program, including mission to Mars

A Toddler Dies as Her Mother Checks Her Phone, and China Wrings Its Hands

Owen Guo and Mike Ives
New York Times
The toddler’s death has led to an outpouring of anger on Chinese social media about the dangers of being obsessed with one’s phone

Alibaba Earnings Show It Again Defying China’s Slowdown

Paul Mozur
New York Times
Amid concerns about a slowdown of Chinese economic growth, China’s largest e-commerce company is showing that business on its platforms is holding steady

China Shows Off Latest Military Innovations at Air Show

Hannah Beech
Time
This year’s aerial extravaganza has much to flaunt, from a fifth-generation stealth fighter to China’s largest combat drone

Made in China

Bruce McKern
Quartz
Once known for cheap knockoffs, Chinese companies are now the world’s innovators

Amazon Delivers Prime Program to China

Alyssa Abkowitz and Laura Stevens
Wall Street Journal
The U.S. e-commerce behemoth hopes to capitalize on Chinese consumers’ desire for overseas products

I Broadcast Myself on the Chinese Web for Two Weeks

Viola Rothschild
In the process, I learned why Chinese millennials can't seem to unplug from the live-streaming craze...