Tencent, Alibaba, and Meituan say they will spend heavily on AI, cloud computing, and self-driving tech, as China cracks down in other areas like e-commerce
You gotta hand it to China. They're basically telling their tech giants to get off their lazy rent-seeking butts and do something more useful for society. https://twitter.com/...
Anti-trust enforcement has set off a wave of investment by China's tech giants. “The point of the antitrust campaign is... to drive these behemoths out of their comfort zone, where they are now basically rent-seeking off their unchallenged positions” https://www.bloomberg.com/...
China's leading internet companies double-down on capital-intensive growth opportunities. Whether it's reimagining retail, facilitating same-day or next-day delivery, or building out cloud computing infrastructure, new sources of growth don't come cheap. https://www.bloomberg.com…