Facial recognition and the exchange of related data seems to meet little resistance in China, compared to Western consumers. Tencent observer Matthew Brennan sees some rubbles among the public, but indeed no big scale anxiety on facial recognition, he tells in Slate and dives into the different perceptions.
Major industries like travel, retail, automotive, telecom and others see their traditional business models changing very fast. At Shanghai-based SOSV managing director William Bao Bean helps startups to make money in new ways, based on data, and capture fast emerging markets, he tells at the Phocuswright Europe conference in Amsterdam last week. Companies should not cling to melting margins, but identify where money can be made, he argues.
China might have most internet users of the world, but getting an email to them is often hard, as most communicate through domestic social networks like Tencent’s WeChat. Email, unlike WeChat, did not offer tools to make money, explains China veteran Kaiser Kuo as one of the reasons for that
While the world is still trying to come to terms with 5G and China’s position on the new technology, China itself is deploying 5G on a large scale. Andy Mok, a non-resident fellow at Center for China and Globalization explains for state-owned CGTN what the consumers might still miss on this development.
China is leading the innovation for retail and two to three years ahead of the US, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order, to CSB News. Internet giants like Alibaba started on mobile and then turned to brick-and-mortar, unlike the traditional retail who try to force online upon their customers.