“Firms such as Huawei, Tencent, ZTE, Alibaba, and Baidu have no meaningful ability to tell the Chinese Communist Party “no” if officials decide to ask for their assistance,” said Christopher Ashley Ford, assistant secretary in the State Department’s bureau of international security and nonproliferation. His speech is another shot across the bow in the US-China trade war. What I am surprised is that there is no mention of DJI, which just might be the biggest eye in the sky for China. The Information has the analysis, but the speech transcript removes all ambiguity about how US is thinking about Chinese technology.
Last night, on China’s Singles Day (11/11) Alibaba of China reported that it had seen $5 billion worth of transcations on its entire array of online platforms in first 90 minutes. In comparison, in 2014, online spending in the US onThanksgiving Day was about a billion dollars. On Black Friday was a shade over $1.5 billion. Cyber Monday … Continue reading Singles Day, when China really goes shopping