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If you look at what China has done with online companies like Alibaba, Didi, Tencent, etc., there seems to be a method to their madness. Essentially, China doe
by thewileyone 5y ago
If you look at what China has done with online companies like Alibaba, Didi, Tencent, etc., there seems to be a method to their madness. Essentially, China doesn't see the value in having the largest online marketplace, or the largest ride-sharing platform, or the best e-sports team.
If you look at their 5 year plan release this year, there's a huge focus on research on next generation technologies. This is a write-up about it: https://merics.org/en/short-analysis/chinas-14th-five-year-plan-strengthening-domestic-base-become-superpower https://merics.org/en/short-analysis/chinas-14th-five-year-p...
Right now, games like Apex Legends, League of Legends, etc. suck up a lot of time and I think China doesn't want its youth to do that. It would rather them focus on how they can contribute as they grow older.
China has always had a heavy hand in social engineering and this is just another example. Whether it's good or not, is left to be seen.
If China finishes building their city in space and lands on Mars, while the rest of the world are watching e-sports, don't be surprised.