Privacy concerns, marketing and local regulations on data security are just a few of the barriers China’s tech companies face when they want to go global, says seasoned VC William Bao Bean at the China Technode Emerge 2020 conference in Shanghai last week. Geopolitical tension are way overrated as possible hurdles, he adds, according to Technode.
Only half a decade ago Silicon Valley thought China becoming a force of innovation was preposterous. Now, under Trump, China has proved them wrong, says business analyst Shaun Rein in a wide-ranging interview with state paper Global Times. Also: China’s successful fight against Covid-19 and decoupling economies.
China is not yet one week back from lunar holidays, and the fallout of the coronavirus is not yet clear. We have seen major events being relocated, delayed or even cancelled, speakers being stuck inside or outside China, and potential audiences unable to move around. Meanwhile we are exploring an alternative option, that might help some event organizators: follow the lead from China, and get your speaker online.
Even when the virus might reduce its destructive path over the next two weeks, resuming events might be affected till the end of April, early May. Those are – with June – our most busy months in helping event organizers to get the right speakers in place, before the traditional summer break kicks in.
Tencent’s WeChat Work has been rolling out new features that might – or might not – offer also new opportunities to the China Speakers Bureau. Because of our focus on organizing established China experts for a global market, we used those social media platforms that focused on a global audience: Twitter, Facebook, LinkedIn. But when WeChat is joining those global forces: we should not ignore that development.
Alipay and WeChat, China’s largest payment options, opened their services for foreign credit card holders, and it was about time too, says Shanghai-based business analyst Shaun Rein, author of the bestseller The War for China’s Wallet: Profiting from New World Order to the South China Morning Post. The South China Morning
From a cash country, where transactions were done by moving plastic bags with money between bank branches, China has turned into a leading force in fintech or financiel technology. Mobile payment are standard. Bitcoins and blockchain technology found in China early adopters. Social media have – more than anywhere in the world – adopted payment systems to facilitate online trade.