Red Lines: China & Big Tech
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- เผยแพร่เมื่อ 21 ต.ค. 2024
- Apr.23 -- China and the U.S. may not see eye to eye on a number of issues, but both seem to agree that their large internet platform companies may have grown too big and powerful. Fueled by new anti-monopoly regulations and a four months-long investigation, authorities slapped a record $2.8 billion penalty on one of its national champions, Alibaba Group Holding Ltd., and vowed to revamp its fintech powerhouse Ant Group. 34 other tech giants including Tencent Holdings Ltd., Baidu Inc., Meituan and ByteDance Ltd. have been put on regulatory notice as well. Bloomberg Television's "Red Lines: China & Big Tech" takes a close look at the evolving regulatory environment for Big Tech in China, and the impact it will have on the country's innovative national champions.
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About time US take real action against their big tech bad behaviours too instead of televised silly questioning by clueless politicians just for show.
Yea google is so evil it pays livable wages, produces products that work and employees and customers love them. Let’s take them down before they compete with banks which everyone hates for their abuse and bad business.
Objective, in-depth, analytical and comprehensive - well done, Bloomberg!
China is doing the right thing to draw a redlines which american big techs have passed the point of no return.
What China is doing is long overdue. If Alibaba was a US tech company, they won’t have a chance to get into financial sector. Banking and financial transactions have big impact to the country’s economy and stability. Government can not ignore Alibaba and other big tech companies.
We in the U.S. needs more regulation over big tech monopolies so there is more competition, it’s the law in the U.S.
Funny thing is I trust big tech more than I trust big banks
Trust and big banks just don’t go together
Must be nice having no foreign competition
I don't think Ma knows what he is talking about. Baidu is the equivalent of Google in China. Certainly not Alibaba.
Are you Chinese?
@@korruptnovellst4751 No, but I don't need to be. We have this thing called the internet now.
you r right. Ali is like Amazon. But compared to Google, Baidu is just a clown
Why the background music..???
To take more attention from you and create headaches. :D
Investing in Chinese corporates is a huge risk. Take this as a warning.
Definitely . At this point , it is clear that Chinese government will not allow any company to grow as big as American enterprise . So, not so much big return .
Great job Bloomberg, amazing platform, pure info. I'm long BABA DIDI FUTU TIGR JD & very confident holding through the noise
Great vdo. Thanks for putting it tgt
The reporter who organized has no clue and is misrepresenting facts out of context ....no surprise here
7:00
WHAT THE HECK IS THAT?
It's bad enough to go into a Hema supermarket and getting scoffed at when asking if they accept Wechat Pay, like what's Wechat Pay? don't know her.....whoever at the top that approved the bright idea to not allow their sellers to sell their goods on other platforms should be fired.
Perhaps once US crystallises policies regarding private privacy and Nation Security (at the moment, appear rather rubber stamp), rest would have a clearer path to follow.
Alibaba undervalue
2:28 - Like Teletubbies... LOL
A balanced report. I especially like the comments from Robin Li (Baidu's CEO). Jack Ma's personal purge does not mean Alibaba is going down to the drain. Every government has to protect its favourite interests groups. This time, the interest of state owned banks has to be protected. Just look at it, out of 1/3 of 1.4 billion populations, how many people can make it as rich as Jack Ma? And, how many middle class jobs are created by banks and state owned lending institutes? Let's put this way, if the democrats are doing "打土豪分田地“ （literarily: down with landlords and divide their lands), so-called communists have to share big techs' fortunes with people for the sake of the Socialism (with Chinese characteristics).
"And, how many middle class jobs are created by banks and state owned lending institutes? "
0
Jack Ma is a daredevil crashing barriers and obstacles to make breakthroughs.
Didn’t he disapear
A daredevil who overstepped his bounds. And my stock portfolio has to suffer for his decision
What is this puff piece for China from Bloomberg. An Alibaba big wig criticizes the government and then gets slapped with a 2 billion dollar fine as punishment. And Bloombergs response is "Talk about misreading the room." Waaa waaaaaaa.
A few observations:
1. China is like the US more than ever!
2. Everyone of these interviewees speaks with perfect English! Try having Americans or Europeans speaking in perfect Mandarin! Almost hard-press to find any.
I've learned 8 languages (admittedly many of them death) but still I think you would be hard pressed to find a lot Americans or Chinese who can claim the same in there mid 30thies. Also I intend to learn at least another two in the near future. So don't put up your nose too high just because you know a bit of English. Europeans just usually don't put it in to others faces unless we get insulted for "not learning enough languages" as it would be kinda impolite.
@@arsantiqua287 oh I am so sorry that you feel offended by my observation. You are probably the exception to the norm in knowing so many languages.
I am not trying to shine light under my gut nor any of these Chinese speakers’.
Basically I am saying hey these Chinese are speaking English. Hey they speaking in the West’s global language, they made an effort, they learnt like the Americans and Anglos! I may be crude, but it’s a kind reminder of the modern China and Chinese!
The last I saw was Trump’s D. national Security Adviser, Matt Pottinger and he was struggling a bit. How could he have convinced the Chinese with that standard??
If the US (and her forced alliance) wants to beat up China, it really has to be willing to learn about China, starting with the language. And really it will be hard to beat someone who speaks your language and can communicate effectively anywhere in the world! Not when the Chinese can communicate in English. The Soviets didn’t even try.... we know what happened thereafter...
Language will certainly help one understand and keep up. Something so basic, it hasn’t seems to catch up!
Keep up the good work Antiqua, and try using Chinese next time if you are what you said (don’t google translate).
Lastly be a master of a few major ones in the world, there is no point being a jack of all trades (languages included).
🥂
Just a source for you: amp.scmp.com/comment/opinion/article/3127432/how-us-china-knowledge-gap-hurting-american-diplomatic-efforts
@4:19. Poor English. Shame on Bloomberg.
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Nuke Beijing
Try it, and the US will no longer exist. 😁😁😁😁😁😁😁😁😁😁
@@easonhuang7117 you are nothing, your people will pay for the virus
@@randomdude7384 🤡
@@randomdude7384 I'm beginning to assume you're a bot....
There are so many bots talking about nuking US and nuking China, trying to start a huge war. Maybe just nuke Russia. They’re the ones spreading the bots that manufacture this conflict. China and US are great trade partners. All this hate needs to slow down and dissipate.