The Digital War

The Digital War
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What new directions in China’s digital economy mean for us all   China is the largest homogenous digital market on Earth: unified by language, culture, and mobile payments. Not only a consumer market of unrivaled size, it’s also a vast and hyperactive innovation ecosystem for new technologies. And as China’s digital economy moves from a consumer-focused phase to an enterprise-oriented one, Chinese companies are rushing to capitalize on ways the newer wave of tech—the Internet of Things, AI, blockchain, cloud computing, and data analytics (iABCD)—can unlock value for their businesses from non-traditional angles.  In  China’s Data Economy , Winston Ma—investment professional, capital markets attorney, adjunct professor of digital economy, and bestselling author—details the profound global implications of this new direction, including how Chinese apps for services such as food delivery expand so quickly they surpass their U.S. models within a couple of years, and how the sheer scale and pace of Chinese innovation might lead to an AI arms race in which China and the U.S. vie aggressively for leadership.  How China’s younger netizens participate in their evolving digital economy as consumers, creators, and entrepreneurs Why Online/Office (OMO, Online-merge-with-Offline) integration is viewed as the natural next step on from the O2O (Online-to-Offline) model used in the rest of the world The ways in which traditional Chinese industries such as retail, banking, and insurance are innovating to stay in the game What emerging markets can learn from China as they leapfrog past the personal computer age altogether, diving straight into the mobile-first economy Anyone interested in what’s nex

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Winston Ma. The Digital War

Table of Contents

List of Tables

List of Illustrations

Guide

Pages

Praise for The Digital War

Praise for CHINA'S MOBILE ECONOMY

THE DIGITAL WAR. HOW CHINA’S TECH POWER SHAPES THE FUTURE OF AI, BLOCKCHAIN AND CYBERSPACE

Foreword

Author's Notes and Acknowledgments

About the Author

Preface

Part One: From “Mobile Economy” to “Digital Economy”

Chapter 1: China's Leap into 5G iABCD

Chapter 2: The World's Largest Mobile Economy

Part Two: China's Digital Transformation and Innovation

Chapter 3: Big Data on the Digital Middle Class

Chapter 4: The AI-powered Internet Celebrities and Fans Economy

Chapter 5: The Heartland of Blockchain and Fintech

Chapter 6: O2O and the Shared Economy

Chapter 7: From C2C to 2CC: “Innovated in China”

Chapter 8: Land of Big Data and Its Legal Framework

Part Three: Shared Digital Future

Chapter 9: The Tech Cold War

Chapter 10: The Silk Road in Cyberspace

PART I From “Mobile Economy” to “Digital Economy”

CHAPTER 1 China's Leap into 5G iABCD

Blockchain with Chinese Characteristics

Vice Capital Built on Blockchain

AlphaGo, the Historical Match

Match Impossible

AI First—“Second Half Game” of Mobile Internet

5G iABCD New Infrastructure

Digital Transformation in the Cloud

BaaS Startup Innovation Ecosystem

Splinternet and the Digital Silk Road

CHAPTER 2 The World’s Largest Mobile Economy

Ten Years of Xiaomi Smartphones and AIoT

“Mobile First” and “Mobile Only”

Didi Daren (“Thugs for Hire” App)

Shoppertainment: The Digital Middle Class

Lipstick Brother Planting Weeds

Singles' Day: Hard Tech Drives the e-Shopping Festival

November 11—From Singles' Celebration to Global Festival

Brushing the Sales Volume (Shuaxiaoliang)

BAT, TMD, and the New ATM

PART II China's Digital Transformation and Innovation

CHAPTER 3 Big Data on the Digital Middle Class

The 4Cs Model: Know Your Customer

Freshippo OMO: E-commerce Will Die

Smart Chopsticks and Blockchain Chickens

C2M: Pinduoduo and Social E-commerce

JD Will Become a Tragedy?

Diao-si (“Grassroots”) versus Gao-da-shang (“High Society”)

Bullet Screens: Hollywood Losing the “Big Data” Movie Battle

Dan-mu (“Bullet Screen”) and Tu-cao (“Spit and Criticize”)

Xiao-xian-rou (“Little Fresh Meat”) Actors

Post-pandemic Consumers Come of Age

CHAPTER 4 The AI-powered Internet Celebrities and Fans Economy

Bilibili: Bullet Chats, Membership Questionnaires, and Gen Z Uploaders

Shai (“Showing Off”) and Daka (“Punching the Card”)

Tencent's China Literature: The Gods of the Internet Novels

Diao-si (“Loser”) Readers and Pu-jie (“Drop-Dead-on-Street”) Authors

Beyond Twitter—The (Brief) Revival of Weibo's UGC Platform

Big V—More than Carnal Interest

TikTok: Goofy Videos Dominating Social Media

Kuaishou, iQIYI, and More: Into the Multiple Screen Competition

CHAPTER 5 The Heartland of Blockchain and Fintech

The Heart of Bitcoin and Blockchain Network

Red Envelopes and Mobile Payments

Crowd-funding and P2P Lending

Micro Loans, Big Data Solutions

Naked Loan and Flesh Payback

AI and Alt-data for Wealth Management

Alternative Data

Blockchain and SCF: Alliance of Alibaba and ICBC

CHAPTER 6 O2O and the Shared Economy

Sperm Donation, O2O, and the Sharing Economy

Didi Taking over Uber in China

Patients, Nurses, and Safe Shots

Mobike and Ofo: Bike Sharing of Yesterday

Umbrellas, Sex Dolls, and Everything to Share

Worst Idea Ever Heard

Meituan, Didi, and Ele.me: All-in-one On-demand Services Platform

From MaaS to OaaS—a Smart Pie

CHAPTER 7 From C2C to 2CC: “Innovated in China”

Say It with Starbucks

Premier's Cappuccino Kick-started Entrepreneurship

Premier Li's Cappuccino

Hot on the Heels of Silicon Valley

Unicorn, Decacorn, and Hectocorn

Anti-9-9-6 Movement

2CC—Panda Kitchen Copied to the United States

From “Innovative Models” to “Innovative Technologies”

Peak Unicorn? The Critical Link with the United States

Hi Ho! Hi Ho! It's Off the Cliff We Go!

CHAPTER 8 Land of Big Data and Its Legal Framework

Facebook and China Awaken to Privacy

World's Largest Data Worker Pool in the Land of Big Data

Water Army and Kris Who?

From Human Flesh Search to Big Data Killing

Renrou-Sousuo (Human Flesh Search)

Dashuju Shashu (Big Data Killing)

The AI Age: Privacy, Security, and Value

Buying Faces

New Rules for a New Game

Ride-hailing Sex Incidents: More Questions than Answers

Drugged Rape Live Broadcast

Civil Code 2020 and More to Come

PART III Shared Digital Future

CHAPTER 9 The Tech Cold War

ZTE's Shot Blocked

ZTE's Winning Picks

ZTE Picks Up Blackberry

TID – Not All National Security Is the Same

The Qualcomm Fighter Jet Scramble

Critical Technology and Semiconductor Chips

From Hard Tech to Invisible Data

China and the United States—Mutually Self-sufficient?

Europe, Japan, and More—the Divided Tech World

No Winner in Balkanization of Cyberspace

CHAPTER 10 The Silk Road in Cyberspace

Global Connectivity, Digital Divide

DSR Greens the Belt and Road

Farmer Retailers, Taobao Villages, and the Alibaba University

Taobao Village

AI Anxiety and DSR Co-development

Israel and Everyone: Caught in the Middle

Innovative, Invigorated, Interconnected, and Inclusive

DFFT on Osaka Track

Bibliography. Chapter 1

Chapter 2

Chapter 3

Chapter 4

Chapter 5

Chapter 6

Chapter 7

Chapter 8

Chapter 9

Chapter 10

China's Digital Innovation Challenges US Tech Supremacy

Index

WILEY END USER LICENSE AGREEMENT

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“The Fourth Industrial Revolution may impose significant challenges for many of the smaller countries, especially those that are lack of technology resources and have large labor forces that might be replaced by AI. But it may also be a leapfrogging opportunity for them, if those countries embrace the new technology revolution just as keenly and the Digital Silk Road from China provides necessary support. Winston Ma's latest book on digital economy is a cutting-edge text that spotlights the digital transformation in China and its global impact through the Silk Road in the cyberspace.”

– Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum

.....

Eventually, all these concepts are summarized by the “New Infrastructure” initiative in the Government Work Report, delivered by Premier Li Keqiang in May 2020, which aims to vastly enhance internet infrastructure to spur digital consumption and encourage the development of apps for online working, distance learning, telemedicine, vehicle networking, and smart cities (see Figure 1.4). “We will step up the construction of new types of infrastructure. We will develop next-generation information networks and expand 5G applications. We will build more charging facilities and promote the wider use of new energy automobiles. We will stimulate new consumer demand and promote industrial upgrading," said Premier Li.

Figure 1.4 From “information consumption” to “digital economy”

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