Tech Titans of China: A Look Into The Future of China’s Tech Dominance
Anchors Kristen Scholar and Tim Stenovec interviewed me at their studio at NYSE about how China is moving away from U.S. technology to dominate the tech world.
Of course, they asked me about the Huawei security issue. Click here for click:
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A contrasting picture is reflected in recent studies of US-China investment flows. Cross-border foreign direct investment and venture capital fell to $13 billion in the first half of 2019, the lowest level since 2014 as the impact of the trade war resonated. But U.S. investment in China gained slightly to $6.8 billion in the first six months of this year.
China’s original tech titans, Baidu, Alibaba and Tencentor the BAT, jockey for leadership in mobile payments, AI and e-commerce while a new “B” (ByteDance) arises to shake up the order. ByteDance may be the first major global tech contender from China with its AI-powered mobile apps for digital entertainment and news.
rump’s trade war is not so easy to win after all, write George Koo in Asia Times. Trump is getting visibly frustrated that China is no longer acting like the patsy he had been expecting. But it’s probably not his fault that he thought negotiating with China was going to be a piece of cake.