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Xi's next target in tech crackdown is China's vast reams of data


Xi’s next target in tech crackdown is China’s vast reams of data
By unleashing the data market’s value and potential, the Chinese president is positioning
the nation to become a leader in transforming the world economy
By Colum Murphy / Bloomberg
With Chinese President Xi Jinping (習近平) targeting China’s massive tech giants, the big question now is how he would get them to share key data as part of a sweeping plan to transform the world’s second-biggest economy.
Until recently, China’s megafirms, such as Jack Ma’s (馬雲) Alibaba Group Holding Ltd and Tencent Holdings Ltd, have operated in a similar way to US counterparts Facebook Inc and Alphabet Inc, harnessing user data to refine an expanding array of digital services. Since more data lead to better products, the tech platforms often become natural monopolies giving them enormous wealth and power that also opens the door for abuses. ....

Robin Li , Camille Boullenois , Angela Zhang , Jack Ma , Liu Lizhi , Zhao Yanqing , Daniel Zhang , Colum Murphy Bloomberg , Kendra Schaefer , Xiamen University School Of Architecture , Facebook Inc , Baidu Inc , Guizhou Provincial Big Data Development Administration Deputy , Chinese Academy Of Information , International Data Corp , University Of Hong Kong , People Bank , Georgetown University , Alphabet Inc , Communications Technology , Centre For Chinese Law , Chinese Communist Party , Ant Group , Alibaba Group Holding Ltd , Ant Group Co Alipay , Apple Inc ,

After tech crackdown, Xi looking to tap Chinese firms' wealth of data


After tech crackdown, Xi looking to tap Chinese firms wealth of data
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The Guizhou Big Data Exhibition Center in Guiyang, China. | BLOOMBERG
Bloomberg
Apr 23, 2021
As President Xi Jinping targets China’s massive technology giants, there is uncertainty over how he will get them to share key data as part of the next step in a sweeping plan to transform the world’s second-biggest economy.
Until recently, China’s megafirms like Jack Ma’s Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have operated in a similar way to U.S. counterparts Facebook Inc. and Alphabet Inc., harnessing user data to refine an expanding array of digital services. ....

United States , Zhao Yanqing , Robin Li , Camille Boullenois , Daniel Zhang , Angela Zhang , Lizhi Liu , Kendra Schaefer , Ant Group Co , Facebook Inc , Baidu Inc , Chinese Academy Of Information , University Of Hong Kong , People Bank , Georgetown University , Alphabet Inc , Guizhou Provincial Big Data Development Administration , Communications Technology , Apple Inc , Xiamen University , Jack Ma Alibaba Group Holding Ltd , Tencent Holdings Ltd , Alibaba Group Holding , Tencent Holdings , Trivium China , Chinese Academy ,