Stray Links: China Wants to Control “Barbaric Growth”

[shishir.seoexpert1]

DiDi and “barbaric growth” – DiDi is the latest victim of China’s crackdown on tech’s “barbaric growth . ” DiDi, the Chinese Uber ( 600 million users) , was banned from Chinese app stores following its US IPO . The result: a sharp drop in its stock and potential lawsuits from US shareholders. For Beijing, DiDi is just another target in a relatively recent strategy (remember the passing of Jack Ma, who has since taken up painting ) to reshape the relationship between the state and tech companies that have become too powerful after years of what has been described as “barbaric growth” – a popular Chinese dictionary term describing anarchic expansion.

Alibaba , Tencent and DiDi were convicted gambling data south africa this week for contracts that date back several years , the Chinese antitrust regulator has just blocked the merger of Tencent's gaming platforms , Huya and Douyu, and China wants to sabotage bitcoin . This catch-up/change of strategy is of course also happening against a backdrop of tensions between the US and China, where the battle over data and regulation is becoming an important factor in the economic war.

Meanwhile, Google, Facebook and other tech companies are threatening to leave Hong Kong over privacy law .

This week in France



Movie theaters: a recovery driven by young spectators
Cannes: How streaming helps the independent film sector
VR Growth and Opportunities at the Cannes Film Festival
No Cannes for Netflix
3 FIGURES

$1.6 billion – that’s the amount Softbank bought the rights to Yahoo! Japan for

$10,000 – That’s what a YouTuber who defied the laws of physics earned

1 hour – that’s how long it took China’s new quantum computer to solve a problem that would have taken the most powerful classical supercomputer 8 years

CHART OF THE WEEK

Infographic: Video games: mobile takes the lion's share | StatistaYou can find more infographics on Statista

OUR BEST READS / WORTH YOUR TIME / LONG READ

Mark Zuckerberg and Sheryl Sandberg's partnership didn't survive Trump
America's Founders believed that civic education and historical knowledge would prevent tyranny and foster democracy.
What if Google became a public service?


DISRUPTION, DISLOCATION, GLOBALIZATION

TikTok sells its algorithms
How the Pentagon Brought Jeff Bezos to a New Wealth Record
Facebook, Twitter and Google threaten to leave Hong Kong
Between tradition and modernity, Japan defends the fax


GAFA / BATX