Meet up with China
1. Two influential Chinese language bloggers in exile have been sharing uncensored information concerning the nation on abroad social media. Now the police are monitoring down their followers in China, one after the other. (Related Press)
- “Trainer Li,” one of many bloggers, rose to prominence in late 2022 when he tirelessly collected and shared data on the White Paper protests in China. I talked to him on the time concerning the toll the work had taken on him. (MIT Expertise Evaluation)
2. Leaked inside paperwork from a Chinese language cybersecurity agency recommend it has been surveilling ethnic minorities in China and neighboring international locations on behalf of the Chinese language authorities. (Wall Avenue Journal $)
3. It’s been years since I heard that Shein, the viral fast-fashion model, needed to go public. However it appears it might want to wait longer. The corporate is now contemplating itemizing in London, because it’s nervous the US Securities and Alternate Fee gained’t approve its IPO. (Bloomberg $)
4. To diversify its provide chain away from China, Google is beginning to make its Pixel smartphones in India. (Nikkei Asia $)
5. Oops—TikTok is having one other small drawback within the US. Its New York Metropolis workplace has been infested with bedbugs. (The Data $)
6. Nvidia simply recognized Huawei as one in every of its high rivals in making chips used for synthetic intelligence. (Reuters $)
7. Just a few Chinese language insurance policies have been factors of competition in US-China relations—they promote the two-way switch of military-civil applied sciences and drive out overseas gamers in cloud infrastructure. Now it’s reported {that a} suppose tank led by McKinsey suggested the Chinese language authorities in drawing up these insurance policies. (Monetary Occasions $)
Misplaced in translation
Chinese language drugmakers are scorching on the worldwide market now, but it surely’s not essentially a superb factor for the home biotech business. In response to the Chinese language publication Caixin, Chinese language pharmaceutical corporations set a brand new file in 2023 for licensing their progressive therapies to overseas corporations. And in simply the primary month of 2024, they bought one other 15 licensing offers, totaling over $10 billion in potential income.
It’s definitely a testomony to the analysis capabilities of Chinese language pharmaceutical corporations, however firm executives informed Caixin it’s additionally a results of the business’s pressing want for money. Since 2019, Chinese language biotech corporations have discovered it more and more more durable to lift cash, and the quantity of enterprise funding in biotech retains falling. To outlive the capital crunch, some biotech corporations are compelled to promote their analysis progress for affordable to multinational giants. Whereas these offers can present short-term monetary reduction, the business continues to be ready for macro developments to turn into favorable once more.
Yet another factor
In final week’s publication, I discussed {that a} knockoff model of Apple’s Imaginative and prescient Professional is bought in China now. Properly, there’s one other means for Apple followers to expertise the VR know-how with out paying the hefty value, in accordance with the South China Morning Submit: savvy retailers are renting out the headsets they purchased overseas. For $13.60, anybody can attempt it out for one hour. Greater than 10,000 folks have paid for the privilege.