Inside China’s Dystopian Dreams: A.I., Shame and Lots of Cameras

Paul Mozur
New York Times
In the Chinese city of Zhengzhou, a police officer wearing facial recognition glasses spotted a heroin smuggler at a train station.

Made in China 2025

Paul Haenle & Paul Triolo from Carnegie-Tsinghua Center for Global Policy
China’s “Made in China 2025” policy to upgrade its industry plays a central role in the ongoing U.S.-China trade tensions. Paul Haenle sat down with Paul Triolo, practice head of Geo-technology at the Eurasia Group, to discuss how the Chinese...

Meituan Wants to Be the Grubhub of China (and the Yelp, and the Groupon, and the Kayak)

Liza Lin
Wall Street Journal
China’s burgeoning middle class, which increasingly is going online for everything from ordering lunch to booking hotel rooms, is fueling expectations that an 8-year-old startup with an innovative smartphone app will go public at a lofty $60 billion...

In China’s Booming Tech Scene, Women Battle Sexism and Conservative Values

Cate Cadell, Adam Jourdan
Reuters
Ms Li has a day job in the marketing department of one of China’s biggest tech firms.

Chinese President Xi Jinping Calls Blockchain a ‘Breakthrough’ Technology

Evelyn Cheng
CNBC
Chinese President Xi Jinping said in a speech this week that blockchain — the technology underlying bitcoin — has “breakthrough” applications.

In Silicon Valley, Chinese ‘Accelerators’ Aim to Bring Startups Home

Koh Gui Qing, Salvador Rodriguez
Reuters
Beijing’s unslakeable thirst for the latest technology has spurred a proliferation of “accelerators” in Silicon Valley that aim to identify promising startups and bring them to China.

OneSpace Launches China’s First Private Rocket

Michelle Toh and Serenitie Wang
CNN
OneSpace, a startup based in Beijing, on Thursday became the country’s first private company to launch its own rocket.

ZTE Is Now Center Stage in the US-China Trade Fight

Sherisse Pham
CNN
The smartphone and telecom equipment maker announced Wednesday that it has halted its main operations after the US government last month banned American companies from selling it vital components.

For Better or Worse, Africa’s Digital Future is Tied to China

Eric Olander, Cobus van Staden & more
Chinese tech companies are now the most important players in Africa’s rapid emergence as one of the world’s fastest growing digital markets. People’s Republic of China companies, private and state-owned, are working with local telecom operators...

China Plans $47 Billion Fund to Boost Its Semiconductor Industry

Yoko Kubota
Wall Street Journal
In a move that could further heighten tensions with the U.S., China is poised to announce a new fund of about 300 billion yuan—$47.4 billion—to spur development of its semiconductor industry as it seeks to close the technology gap with the U.S. and...

The AI Arms Race: China and US Compete to Dominate Big Data

Louise Lucas and Richard Waters
Financial Times
Algorithms trained on mountains of Chinese data may soon be making decisions that deeply affect the lives of people in the US.

U.S. Considers Tightening Grip on China Ties to Corporate America

Koh Gui Qing
Reuters
Any broad effort to sever relationships between Chinese and American tech companies - even temporarily - could have dramatic effects across the industry.

Exclusive: Chip Wars - China Closing in on Second $19 Billion Semiconductor Fund: Sources

Kane Wu, Julie Zhu, Cate Cadell
Reuters
China’s state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion) investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United...

Police in Chinese City Seize 600 Computers Used to Mine Bitcoin

Reuters Staff
Reuters
Police in the north China city of Tianjin confiscated 600 computers used to mine bitcoin cryptocurrency after the local power grid operator reported abnormal electricity usage, Xinhua reported Wednesday.

Former Google China Head Targets AI Opportunities with New $900M Sinovation Fund

Jon Russell
TechCrunch
Sinovation Ventures, one of China’s prominent funds which is helmed by former Google China head Kaifu Lee, has announced a new investment fund that’s targeted at a total raise of $900 million.

Chinese Man Caught by Facial Recognition at Pop Concert

BBC
BBC
Chinese police have used facial recognition technology to locate and arrest a man who was among a crowd of 60,000 concert goers.

China Now Has the Most Valuable AI Startup in the World

Bloomberg News
Bloomberg
Facial recognition company in China becomes richest-valued private AI startup.

If There’s a U.S.-China Trade War, China May Have Some ‘Unconventional Weapons’

Neil Irwin
New York Times
There are ways to make life harder for American companies in China that need not be formal, or widely publicized.

Facial Recognition in China Is Big Business as Local Governments Boost Surveillance

Rob Schmitz
NPR
Dozens of cameras meet visitors to the Beijing headquarters of SenseTime, China’s largest artificial intelligence company. One of them determines whether the door will open for you; another tracks your movements.

The Battle for Digital Supremacy

The Economist
Economist
“DESIGNED by Apple in California. Assembled in China”. For the past decade the words embossed on the back of iPhones have served as shorthand for the technological bargain between the world’s two biggest economies: America supplies the brains and...

China Protectionism Creates Tech Billionaires Who Protect Xi

Shelly Banjo
Bloomberg
China’s tech giants will add star power to the country’s political festivities this week, paying homage to President Xi Jinping and endorsing constitutional changes for him to remain president indefinitely.

Blockchain Is a Surprisingly Hot Topic at China’s Annual Political Gathering

Josh Horwitz
Quartz
Thousands of China’s elites are currently gathered in Beijing for the “two sessions,” the annual meetings for members the National People’s Congress (or NPC, China’s rubber-stamp legislative branch) and the Chinese People’s Political Consultative...

China Spends $279 bln on R&D in 2017: Science Minister

Reuters Staff
Reuters
China’s total spending on research and development is estimated to have hit 1.76 trillion yuan ($279 billion) last year, China’s science minister said on Monday, a year-on-year increase of 14 percent.

Chinese Capital Dangles Carrots to Lure Foreign Talent to Its Silicon Valley

Reuters Staff
Reuters
Beijing, a major hub for artificial intelligence (AI) and semiconductors in China, is touting a new list of incentives to try and bait foreign talent for its equivalent of Silicon Valley in the Chinese capital.

China Is Rapidly Closing the US’s Lead in AI Research

Dan Kopf
Quartz
Every year, hundreds of researchers gather at the annual conference of the Association for the Advancement of Artificial Intelligence (AAAI) to hear presentations on the latest developments in AI. Increasingly, that means learning about the work of...

Chinese Capital Controls Hit Silicon Valley Tech Investors

Leslie Hook
Financial Times
Chinese technology investors in Silicon Valley are being thwarted by the country’s capital controls, in a sign of the unintended consequences of Beijing’s move last year to curb cash outflows.

US-China Biotech Startup XtalPi Lands $15m from Google, Tencent and Sequoia

Jon Russell
TechCrunch
Google continues to increase its presence in China after it joined Sequoia China and Tencent in a $15 million investment for XtalPi, a U.S.-China biotech firm that uses artificial intelligence and computing to accelerate the development of new drugs.

Google Inks a Patent Deal with Tencent as It Explores Ways to Expand in China

Fortune
Alphabet‘s (GOOG, +0.31%) Google has agreed to a patent licensing deal with Tencent Holdings (TCTZF, +0.86%) as it looks for ways to expand in China where many of its products, such as app store, search engine and email service, are blocked by...

Baidu's Robin Li Is Helping China Win the 21st Century

Time
When Robin Li looks back at the question now, he can laugh. But things were different in 1992, when the Baidu CEO was a tongue-tied Chinese student applying for a computer-graphics graduate program in the U.S.

China’s Sports Industry Is Allegedly Growing Faster Than the National Economy

August Rick
Forbes
The Chinese National Bureau of Statistics announced official data on the growth of China’s sport’s industry for 2016 on Saturday, showing a total output of 1.9 trillion yuan ($295 billion), and an 11.1% growth that outpaced the recovering national...

China’s Shutdown of Bitcoin Miners Isn’t Just about Electricity

Sara Hsu
Forbes
The most critical aspect about cryptocurrency for China to address is criminal activity.

Google Says ‘No Changes’ to Mapping Platform in China after Report

Reuters
CNBC
Google denied a media report that claimed the tech giant was re-launching its mapping functions in China, where many of its services are blocked.

China Is Building a $2 Billion Office Park in Beijing Just for AI

Quartz
Last year, China said it plans to be a world leader in AI by 2030. Now its capital is building a massive campus to house the AI firms that will power that rise, according to local media outlet Beijing News (link in Chinese).

Beijing to Build $2 Billion AI Research Park: Xinhua

Reuters
Beijing is planning to build a 13.8 billion yuan ($2.12 billion) artificial intelligence development park in the city’s west, the official Xinhua news agency reported, as China pushes ahead to fulfill its ambition to become a world leader in AI by...

The China Trade War Has Already Begun: CEO Daily for January 4, 2018

Alan Murray and Tom Huddleston Jr.
Fortune
Gordon Orr, director emeritus of McKinsey and long-time China hand, wrote recently that many Chinese investors now “simply assume that they could not get approval for investment in the United States, and so won’t try.” 

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.

Reports

12.12.17

Central Planning, Local Experiments

Mareike Ohlberg, Shazeda Ahmed, Bertram Lang
Shazeda Ahmed & Bertram Lang
Mercator Institute for China Studies
The “Social Credit System” is designed to monitor and rate citizens and companies in China and to guide their behavior. “It is a wide-reaching project that touches on almost all aspects of everyday life,” the authors Mareike Ohlberg, Bertram Lang,...

Will Tech Firms Challenge China’s ‘Open’ Internet?

Robin Brant
BBC
China has been smart and ruthless in its control of the internet within its borders. It blocks some foreign sites altogether and it censors - heavily - what Chinese are allowed to see.

Are Alibaba and Tencent Fueling a Tech Bubble? Investors Weigh the Worrisome Question

Polina Marinova
Fortune
Alibaba has spent roughly $1.72 billion buying at least 50 startups and small businesses since 2013, while Tencent has doled out at least $780 million over the same period, according to Nikkei Asian Review.

US Charges 3 Chinese Nationals with Hacking, Stealing Intellectual Property from Companies

Evan Perez
CNN
The charges being brought in Pittsburgh allege that the hackers stole intellectual property from several companies, including Trimble, a maker of navigation systems; Siemens, a German technology company with major operations in the US; and Moody’s...

For China’s High-Flying Tycoons, a Precarious Balance

Anthony Kuhn
NPR
Flush with credit, LeEco expanded aggressively overseas. But the company overextended itself, its credit began to dry up — and by May, it had to lay off most of its workers in the U.S.

Chinese Social Media Giant Is Worth More Than Facebook

Daniel Shane
CNN
Tencent shares closed more than 2% higher in Hong Kong on Tuesday, valuing the social media and gaming giant at around $522 billion, according to FactSet. Facebook is currently worth a little over $519 billion.

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...

The Timing May Be Right for Facebook to Enter China next Year, Analyst Predicts

Evelyn Cheng
CNBC
A Mizuho report pointed out that Beijing tends to lessen its media scrutiny during an administration's second term, and Facebook may have “an opening” after Xi Jinping begins his second five-year term in November...

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...