Article provides only two specific examples:
You go on Facebook and you can’t even buy anything, but on WeChat and Weibo you can buy anything you see
A more recent trend: live-streaming sites where people pay real money to reward performers with virtual gifts. (You sang beautifully, here’s a digital Lamborghini, dear.)
I might grant the first (with reservations), but the second is laughable (and was tried without success here in the early days of social networking). I can't help but think this article should be titled "Chinese internet companies flourish in Chinese market". Well duh - even aside from the "virtual protectionism" of the GFW, Chinese companies are more likely to understand the preferences of Chinese consumers than non-Chinese companies. This is important, but it isn't exactly tech innovation.
How many HN startups are localizing to Mandarin? Language alone provides a massive market barrier that leaves opportunity for regional companies to thrive. But that barrier works both ways - what Chinese internet companies are thriving in the world marketplace? The best example I can think of is Alibaba, but that is strongly tied to Chinese manufacturing. Is anyone using WeChat or Weibo outside mainland China?
I personally am very excited and encouraged by the emergence of China as a modern, educated populace. Great things will come from bringing another 1 billion humans online and contributing to the world marketplace - tech is one of the great positive-sum games. I'm looking forward to it! But this article is a pretty poor illustration.
Also, as a Norteamericano, I'm deeply offended by statements like "America want's to believe China can't..." - we're not all xenophobic Trump supporters, not even most of us.
You go on Facebook and you can’t even buy anything, but on WeChat and Weibo you can buy anything you see
A more recent trend: live-streaming sites where people pay real money to reward performers with virtual gifts. (You sang beautifully, here’s a digital Lamborghini, dear.)
I might grant the first (with reservations), but the second is laughable (and was tried without success here in the early days of social networking). I can't help but think this article should be titled "Chinese internet companies flourish in Chinese market". Well duh - even aside from the "virtual protectionism" of the GFW, Chinese companies are more likely to understand the preferences of Chinese consumers than non-Chinese companies. This is important, but it isn't exactly tech innovation.
How many HN startups are localizing to Mandarin? Language alone provides a massive market barrier that leaves opportunity for regional companies to thrive. But that barrier works both ways - what Chinese internet companies are thriving in the world marketplace? The best example I can think of is Alibaba, but that is strongly tied to Chinese manufacturing. Is anyone using WeChat or Weibo outside mainland China?
I personally am very excited and encouraged by the emergence of China as a modern, educated populace. Great things will come from bringing another 1 billion humans online and contributing to the world marketplace - tech is one of the great positive-sum games. I'm looking forward to it! But this article is a pretty poor illustration.
Also, as a Norteamericano, I'm deeply offended by statements like "America want's to believe China can't..." - we're not all xenophobic Trump supporters, not even most of us.