Internet

This photo taken on 6 September 2021 shows residents looking at a flooded area after heavy rainfalls in Quxian county, Dazhou city, Sichuan province, China. (STR/AFP)

Chinese economics professor: The making of a moral society

How can one encourage a society where people do things that benefit not just themselves but also others? How can we eliminate bad behaviours and encourage better ones by institutionalising various means of rewarding good behaviour? Chinese economics professor Li Jingkui looks at examples from Chinese modern life and history to find the answers.
People visit the Alibaba booth during the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China, 4 September 2021. (Florence Lo/Reuters)

How internet giants' monopolistic practices hurt SMEs in China

Internet giants in China have been engaging in monopolistic practices that hurt the development of small- and medium-sized enterprises, says technology specialist Yin Ruizhi. As such, these practices will be dealt with by the government if the platforms themselves do not find ways to resolve them. Is this another move towards "common prosperity"?
The Alibaba Group signage is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, 11 November 2020. (Aly Song/Reuters)

After reining in the tutoring sector, will the Chinese government target internet titans next?

With the Chinese government’s recent big crackdown on the education sector, some people are concerned that other internet platforms such as Alibaba and Meituan might be next. Technology specialist Yin Ruizhi explains why it is unlikely that Chinese internet titans will be hit as hard.
A bolt of lightning crosses the sky as people look at buildings displaying a light show on the eve of the 100th anniversary of the Chinese Communist Party in Beijing, China, on 30 June 2021. (Noel Celis/AFP)

'Winner takes all' no more: China is ready to build the socialist regulatory state

After observing, learning about and experimenting with selected components of capitalism, China is now ready to govern the market in its own style, to create the society of a new socialist regulatory state while bolstering support for the government. Lance Gore says it holds true, whether in China's history or the imagined fairer future society, that Chinese merchants and capital must see their contributions through the larger lens of society and the nation. That is, the capital market must serve the real economy and develop the productive strength of the nation. Creating the socialist regulatory state is like doing a "delicate dance", and as a new creation, there would be chances of missteps and even mishaps.
People look at images of late chairman Mao Zedong of the Chinese Communist Party at the Museum of the Communist Party of China that was opened ahead of the 100th founding anniversary of the Party in Beijing, China, 25 June 2021. (Thomas Peter/Reuters)

China idol: Mao Zedong makes a comeback among Chinese youth

China’s youth today are turning to Mao Zedong for inspiration amid a crushing sense of social immobility and injustice. But Wang Qingmin recalls the Mao era to be one of violent political struggles, anti-intellectualism, and cult of personality. Is a return to Mao really the answer?
A man walks past a logo of Alibaba Group at its office building in Beijing, China, 9 August 2021. (Tingshu Wang/Reuters)

Alibaba sexual assault case: China’s ugly drinking culture is a show of power

A recent case of sexual assault involving an Alibaba employee has once again turned the spotlight on the business drinking culture in China. Zaobao’s China Desk looks into the prevalent issue that does not seem likely to change anytime soon.
A man checks his phone while walking in Lujiazui financial district during sunset in Pudong, Shanghai, China, 13 July 2021. (Aly Song/Reuters)

Kai-Fu Lee: Five ways artificial intelligence will put China ahead

Dr Kai-Fu Lee recently spoke at a summit reviewing the development of artificial intelligence. He gave five predictions about the industrial changes that would be brought about by the combination of artificial intelligence and other new technologies. Lee feels these changes would allow China to lead the world in science and technology in the next 20 years or so. This is the edited version of his speech.
In this file photo taken on 13 April 2021, a man walks past an Alibaba sign outside the company's office in Beijing, China. (Greg Baker/AFP)

China’s cloud war: Tencent and Alibaba up their game as cloud giants eye world markets [Part 2]

In recent years and since the pandemic led to the surge in live streaming, e-learning and other online activities, the demand for cloud computing and related services has increased significantly. Chinese companies led by frontrunners Huawei, Tencent and Alibaba are launching into all-out competition in the cloud services sector. While Huawei has been fiercely climbing the ranks with the injection of talent and funding, Alibaba and Tencent are not resting on their laurels either. What could be their winning war chests? And are they ready to take on the world? Caixin journalist Zhang Erchi finds out.
The app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the company logo displayed in this illustration picture taken on 1 July 2021. (Florence Lo/Illustration/File Photo/Reuters)

Why platform companies seek monopoly and what happens when governments rein them in

Leaked data from one platform company may not pose a major national security threat, but data from multiple platforms combined might, warns technology specialist Yin Ruizhi. As countries become more wary of internet security risks, it will be increasingly difficult for platform companies to get listed overseas. What is the alternative then?