After a ban in India, short-video giant TikTok might be on the hit list of US Secretary of State Pompeo for a ban in the US too. Is US$100 billion unicorn Bytedance, TikTok’s Chinese mother company, meeting its Waterloo moment, wonders political economist Shirley Ze Yu at her China in 60″
Online education is one of the big winners in the ongoing corona crisis, next to health care, says Hurun rich list maker Rupert Hoogewerf in the South China Morning Post. “Valuations of traditional education institutions had recorded a severe drop, compared to the quick rise of education technology-focused companies,” he says.
2019 was a good year for most of China’s industries, the corona virus black-lash might be rough for some industries, says leading economist Arthur Kroeber in the Financial Times. Substantial double-digit declines in many production-side economic indicators might be expected over the first three months of the year,” he added.