Until a few years ago, tech companies of China used to mimic American companies. But, now it is happening from both sides. Officials of American social media companies follow the Tensent and BitDance techniques of China to grab the user’s attention.
Tencent’s Wechat App is not just a social media platform but all-in-one. There is also a facility to play games, pay utility bills and book train tickets. It also showed companies like Facebook and Apple to create an app with more features.
Facebook has recently launched its own short video app on the lines of China’s social media app Tactics. Tolkoll likes the youth of western countries very much.
China’s tech companies are less resistant than in American companies in many cases. Issues like data leaks and digital educations like companies like Facebook for them are not big problems.
There is only one rule in China: ‘Do not harm the country.’ That is why tech companies like Vibo and Baidu take censorship orders. They also stay away from non-essential ideology.
China’s leaders also like the internet. Now they want to take the tech talent of their country to new heights. They want to bring innovation in the economy through technology.
China’s market is very good for technology companies. There a startup can change itself in a successful company very soon. China does not have much regulation for Intellectual Property. Companies can break into each other’s technology. However, it is not good for innovation. But, the consumer gets new options.
Even in China’s media, finance and healthcare industries, however, is the dominance of government companies. But, private internet companies such as Alibaba and Tencent are also allowed to do business.
Alibaba and Tencent have a large share of mobile payment platforms in China’s digital payment market. Through these payment apps, facilities like shopping, loan applications, bike rentals and doctor appointments are also available.
China’s leaders also feel the growing interference of technology in the lives of people. This is the reason why the government wants to increase its impact by becoming a partner in tech companies.
Most people in China use the Wechat app. It is the best network to know the opinions of people from different organizations to the police.