The aging founders of the first-generation modern companies in China are trying to survive their first generational switch and private equity funds try to help them digitize their operations to move on, says Winston Ma, adjunct professor at New York University School of Law and former managing director of the sovereign wealth fund China Investment Corporation (CIC) in the Global Finance Magazine.
China internet guru Matthew Brennan summarizes his bestseller Attention Factory: The Story of Tiktok and China’s Bytedance and explains how Tiktok developed from a successful domestic tool for millennials into a short-video platform that even caught the attention from US President Donald Trump.
Content creation has been key for short-form engagement, writes the Jing Daily. And for Bytedance’s Douyin/Tiktok it has paved the way from its original base of millennials to mainstream engagement, adds Matthew Brennan, author of “Attention Factory: The Story of Tiktok and China’s Bytedance.
Most Chinese tech companies tried to figure out what US consumers wanted before they entered the market, but Bytedance did not care when it launched Tiktok in 2018, says internet veteran Matthew Brennan in his book “Attention Factory: The Story of Tiktok and China’s Bytedance.” The lack of strategy almost backfired, but after some hiccups, the company became a runaway success, Brennan writes in an excerpt in Technode.
A hidden problem in China are the 70 million children in the countryside, left behind by their migrant parents who left to work elsewhere in de big cities, says author Zhang Lijia in an interview with the Borgen Project. Many drop out of school and those who remain face dropping quality of their education. Zhang Lijia is currently working on a book on left-behind children (LBC’s).
Not authoritarian rule but solid support from China’s citizens allowed its government to beat the Covid-19 and effectively deal with the coronavirus crisis, argues Singapore-based journalist Ian Johnson, in the New York Review of Books. He uses the Wuhan Diary: Dispatches from a Quarantined City by Fang Fang, to show the government did not silence critics but did win majority support by its people, helped by indeed heavily manipulated media in China.
An even faster shift to online, domestic tourism and health care related activities. Business analyst Shaun Rein sums up how China is changing faster after the corona crisis is over, in an interview with Ashley Dudarenok. Are international brands even more leverage to domestic brands, both wonder.