Zhong Shanshan, founder of the bottled water company Nongfu Spring, pushed Alibaba’s Jack Ma from his position as the richest in China. Rupert Hoogewerf, chief researcher of the Hurun China Rich List, explains how Zhong made it to the top, at CNN Business. Hoogewerf expects a new boom in billionaires from China, he says.
For a while, London was in the running to get the Tiktok international headquarters, but under the Tiktok-Oracle deal the UK’s capital seems to have lost that opportunity, says China internet watcher Matthew Brennan to CNBC. That seems another setback for the UK now the country is already suffering under the corona crisis and Brexit.
As the Black Lives Matter movement took over some of the headlines, China typically dismissed racism as a Western problem. Author Zhang Lijia begs to differ, in The Wire. “The Chinese government claims to have “zero tolerance” for racism, but there have been no reports that anyone has been punished
Ironically, TikTok has become the ideal platform to spread American soft power, says business analyst Shirley Yu at Yahoo Finance. “The fundamental competition between the US and China is going to be technological competition,” which will have a big impact on the media landscape and the way in which we live, she says.