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Technology now occupies a key role in the daily lives of the Chinese population and today the country is renowned for its numerous innovations in the digital sector. The market is dominated by three key national players who are the ones calling the shots and all of this is without the help of the Western world.

But who are the key players and are they genuine competition for GAFA? What are the defining features of the Chinese tech ecosystem? The Americans all have their very own Chinese counterpart, with just a few slight differences:.

Discover the list of all the companies belonging to these 3 giants. The Chinese are big fans of everything digital and mobile-related, and a strong consideration for social factors has been built into the very heart of platforms like WeChat and QQ. Media, online stores and other industries make use of an already existing social network, or even create their own application, and use the daily social interactions of their users to boost their business.

For example the mobile application Pinduoduo has rallied more than million users in under 3 years! Its strategy? Give discounts to users who share their offers or products using WeChat and encourage their friends and family to buy or sell on the website. Developed by Alibaba, it is an enhanced version of the notion O2O Offline to Online , which fully merges online and offline channels but the digitalisation of retail outlets needs considerable investment. The supermarket Hema, created by Alibaba, gives customers the possibility to do their shopping without having to go to the till, as they can scan and pay for their items using their mobile.

Using the same approach, Alibaba has also decided to reinvent the grocery stores Ling Shou Tong, by integrating cloud-computing technology and mobile payment in over 6 million stores across the country.

And finally, even if the sharing economy has already shown what it is capable of achieving in the West, China has taken the concept just a tad further. In the mobility sector, DiDi the Chinese taxi and carpooling app service has bought Uber in and has already made a name for itself. Furthermore, since , more than 40 services specialised in shared and connected bicycles have been created across the country.

In reality, anything or almost anything can be shared in China; from umbrellas to mere basketballs , anything and everything can be rented for just a few hours!

Aside from the legal aspect, Pekin also protects its start-ups by investing more than 15 billion dollars in the technology sector in Reuters , and has therefore helped the country make unprecedented technological progress in a considerably short period of time. China hopes to become the leader in Artificial Intelligence , ahead of the United States by , with the construction of a park for over AI specialised companies in Pekin.

The rest remains to be seen if China can meet its objectives, but one thing is for sure; China has not ceased to astound us with its tech innovations!



What cryptocurrency coins and algorithms are there?

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Why Big Tech is racing to bring the internet to India. Meanwhile, things cryptocurrency bat true dollar tense when Brennan and Cam.

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Welcome to this blockchain news video by Ivan Liljeqvist. In this video you will learn about top altcoins in Here is a list of Altcoins from this video:. Kyber Network KNC. Binance Coin BNB.

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Is Chinese tech ready to take over the world?

Three of China's biggest technology companies — Baidu , Alibaba and Tencent — have had mixed fortunes in Each company has fared differently. It makes money from advertising, much like Google. China saw a slowing advertising market in , with regulators also looking closely at online advertising. This has weighed on the market and also hit Baidu, which relies heavily on advertisement revenues.


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Brave , the privacy-focused browser co-founded by ex-Mozilla CEO Brendan Eich, is getting ready to launch an own-brand search engine for desktop and mobile. Cliqz pulls the plug on a European anti-tracking alternative to Google search. The former Cliqz dev team, who had subsequently been working on Tailcat, are moving to Brave as part of the acquisition. Also, owing to its transparent nature, Brave Search will address algorithmic biases and prevent outright censorship.


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