China’s Entrepreneurs Are Wary of Its Future

Chen Tianyong, a Chinese real estate developer in Shanghai, boarded a flight to Malta last month with no plans to return anytime soon. After landing, Mr. Chen, a former judge and lawyer, shared on social media a 28-page article explaining himself. “Why I Left China,” read the headline, “An Entrepreneur’s Farewell Admonition.” “China’s economy isRead More

TikTok is giving China a video chat alternative to Wechat

ByteDance,  the world’s most-valued startup, just launched a new social media product under its Douyin brand in what many people see as a serious attempt to challenge WeChat. Tencent has long dominated China’s social networking space with WeChat  and QQ. WeChat claims to have one billion monthly active users worldwide, most of whom are in China. Its older sibling QQRead More

China is not the economic superpower people think. That’s why it’s important to wait it out.

The relationship between the United States and China has deteriorated with startling speed. An uneasy truce holds while the two governments try to negotiate an end to escalating trade hostilities, but a slide toward a new Cold War is a real possibility. President Trump rushed the United States down this path in haphazard fashion, butRead More

Alibaba’s Jack Ma is a Communist Party member, China state paper reveals

Jack Ma, the head of e-commerce giant Alibaba Group and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached. The People’s Daily revealed Ma’s Party membership in a list of 100 people it said had helped drive the country “reform and opening up” process. Ma isRead More

Inside China’s Silicon Valley: From copycats to innovation

At the Huaqiangbei Market in Shenzhen, you can build a smartphone from scratch in a couple of hours. Spread over several floors and covering hundreds of thousands of square feet, the market is home to vendors selling the parts that make up your standard phone — cameras, motherboards, frames, screens and so on. All youRead More