To the casual visitor, Chinese Internet companies often seem like Silicon Valley transplants, with their space-age lounges, rock climbing walls and denim-clad engineers. But there’s occasionally a reminder of the differences.
Senior U.S. and Chinese officials concluded four days of meetings on Saturday on cyber security and other issues, ahead of Chinese President Xi Jinping's visit to Washington later this month, the White House said.
When Chinese officials announced in 2013 that they would open an Asian Infrastructure Investment Bank to primarily fund big construction projects across the Pacific, they launched a slow-motion freak-out in Washington.
On Friday, President Obama and his Chinese counterpart, Xi Jinping, announced that the United States and China agreed to prevent cyberattacks on one another, and that the nations would not use the Internet to steal, or allow others to steal, trade secrets and intellectual property.
Despite ongoing disputes over cyber espionage, intellectual property, and the South China Sea, the United States and China struck deals Thursday on nuclear security and climate change.
China-based e-commerce giant Alibaba has a new service that's meant to make it simpler for companies in the United States to sell their products to China's consumers.
Alibaba Group is the next big one. The giant Chinese Internet retailer is expected to come to market with a value of $160 billion. It could easily jump 20% or more.
Internet has turned the world into a smarter "global village". Long been a growth engine to power the global economy, the industry has been transforming our daily lives in ways unimaginable and to an extent unprecedented in history.
The internet was expected to help democratise China. Instead, it has enabled the authoritarian state to get a firmer grip, says Gady Epstein. But for how long?
