China is the world's largest Internet market. But it remains closed to many western providers. In recent months, more apps and online service providers have shut down. Censorship, new laws and regulations, and high costs are believed to be the cause.
By Nico Beckert
Chinese fashion platform Shein is shaking up the global fast-fashion industry and challenging the business models of Western competitors like Zara and H M with a sophisticated data strategy. The company already ships to 220 countries. Its market value is estimated at $15 billion – making it one of the most valuable tech startups in the world. However, as the company's profile grows, questions about its production and environmental standard are being raised.
By Frank Sieren
China's economic growth will pick up speed in 2021. Experts expect the government's new five-year plan to provide incentives for investment, including for foreigners. The focus will be on smart manufacturing, artificial intelligence, cloud technologies, smart mobility and renewable energies. Beijing also focuses on research cooperation.
By Redaktion Table
Beijing presented a data protection law based on the regulatory principles of the EU. Citizens are to be given more rights vis-à-vis companies. The state, on the other hand, will not relinquish its privileges in data protection.
By Frank Sieren
