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China’s Social Credit System

U.S., China must manage ‘intense competition’, top Biden adviser says China's Social Credit System

U.S., China must manage ‘intense competition’, top Biden adviser says

BRUSSELS - U.S. national security adviser Jake Sullivan said on Thursday his talks with China's top diplomat Yang Jiechi in Switzerlandon Wednesday had avoided the acrimony of the past and that more such meetings were needed to handle bilateral tensions. "The talks were productive in the sense that it was…
bubmag
October 7, 2021
China’s Community Group-Buying Players Are Facing a Reshuffle, Signaling the End of the Fast-Growth, Cash-Burning Bubble Blown by the Country’s Big Tech China's Social Credit System

China’s Community Group-Buying Players Are Facing a Reshuffle, Signaling the End of the Fast-Growth, Cash-Burning Bubble Blown by the Country’s Big Tech

A market shake-up is taking place On Saturday night, after putting her five-year-old daughter to bed, Lin Hui reclined on the couch and started browsing Chengxin Youxuan on her phone, a community group-buying service owned by Chinese ride-hailing giant Didi Chuxing, as she usually did, with a shopping list to…
bubmag
October 5, 2021
China’s Mainstream Video Platforms Cancel Option to Fast Track Episodes China's Social Credit System

China’s Mainstream Video Platforms Cancel Option to Fast Track Episodes

(Source: China Film Insider) Three mainstream long-video platforms in China, iQiyi, Tencent Video and Youku, announced on Monday the cancellation of their option to fast track dramas. The mechanism is a value-added service and has been controversial since its beginning. Members need to pay an extra 3 yuan ($0.5) per…
bubmag
October 4, 2021