With the Chinese consumer market under its spell, Pinduoduo expanded overseas with Temu, using the same model that had ensured its previous success. According to Mr Rein, who is based in Shanghai, the firm has become a great source of pride and patriotism. BBC
Category: BBC
Is TikTok really a danger to the West?
The issue that critics have with TikTok is that it is owned by Beijing-based tech giant ByteDance, making it unique as a non-American mainstream app. Facebook, Instagram, Snapchat and YouTube, for example, all collect similar amounts of data but are all US-founded companies. BBC
More couples are saying ‘I do’ in China
South Korea has the lowest birth rate in the world and its population is expected to halve by 2100, Japan recorded a record-low 800,000 births in 2022, and last year the Hong Kong government announced they would hand out HK$20,000 (£2,010) for each newborn in a bid to tackle the city’s low birth rate. BBC
US House passes bill that could ban TikTok nationwide
However, an investigation by the Wall Street Journal in January found the system was still “porous”, with data being unofficially shared between TikTok in the US and ByteDance in China. High-profile cases, including one incident where ByteDance employees in China accessed a journalist’s data to track down their sources, have stoked concerns. BBC
Massive fireball rips through Chinese restaurant
At least two people have died and more than 20 injured after an explosion ripped through a fried chicken shop in China’s Hebei province. State reports say a gas leak may have caused the blast in Sanhe, about an hour’s drive from the Chinese capital Beijing. Videos circulating online showed large plumes of smoke and debris scattered in the street, with nearby buildings and cars also suffering damage. BBC
China says it’s open for business – do we buy it?
The dimming of the spotlight on the premier, along with a shorter congress this year, are all signs of ongoing structural change within the Chinese Communist Party (CCP) where President Xi Jinping is increasingly accumulating power at the expense of other individuals and institutions, noted Alfred Wu, an associate professor at the National University of Singapore who studies Chinese governance. BBC
China touts openness while tightening control
The dimming of the spotlight on the premier, along with a shorter congress this year, are all signs of ongoing structural change within the Chinese Communist Party (CCP) where President Xi Jinping is increasingly accumulating power at the expense of other individuals and institutions, noted Alfred Wu, an associate professor at the National University of Singapore who studies Chinese governance. BBC
Ex-Google engineer charged with stealing AI secrets
Meanwhile, he is said to have spent several months in China working for Beijing Rongshu Lianzhi Technology – a start-up tech company that approached him. The indictment says he was offered $14,800 (£11,620) per month to be the company’s Chief Technology Officer. BBC
Trump or Biden: Who does China’s Communist Party want?
With Super Tuesday under way, the US appears to be moving ever closer to another showdown between Joe Biden and Donald Trump for the presidency. Meanwhile across the Pacific, the world’s other superpower is holding its own mass political event, providing a rare opportunity to speak to those who run the country. So who do China’s delegates to the National People’s Congress want to win the US election? Trump or Biden? Our Correspondent Stephen McDonell entered the Great Hall of the People and did his best to try to find…
Can a rubberstamp parliament help China’s economy?
He added that, while this is a “quite interesting catchphrase”, it is going to take time for these types of industries to take off, partly because “these sectors of China’s economy are relatively small”, and “the problem is that China faces some serious challenges, thanks to an underperforming economy”. BBC