8/26 TBC Insider Digest
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Insider Digest 8/26/21: Xi Jinping Thought, The Agriculture Opportunity, and Ecommerce Taxes
Vacation alert! Judging by the number of autoresponders I got last week, many of you are on vacation as well. Well, I’ll be gone next week too in the Nevada desert. On the off chance you are too, do give me a holler! I’ll still be active in the Discord through Wednesday and may post something brief, but that’s all you’ll be seeing of me. Happy Labor Day!
Discord: I see pretty much everyone on the Discord now and thank you for your participation! If you haven’t logged in, just go to bit.ly/tbcidiscord and sign in using your memberful email and password.
See you tomorrow in Voice Chat! 6AM PST / 9AM EST / 9PM Asia Time for this Friday 8/27!
What Has Xi Jinping Really Said about the Internet and Science & Technology?
Probably my most popular post yet! Arguably because it’s very important. Someone did a full mindmap of all the notable statements Xi Jinping has ever made in his important speeches. I pasted the file into Discord but also on the forum, and translated / summarized actual Xi Jinping thought on tech, versus the misquoted, out-of-context snippets that are often put forth on the internet. If there is one article you should read this week, it is this one. Note that I've translated the bulk of the map and not 100% word-for-word but as faithfully as I thought necessary for you to get the full context. The map lifts exact wording from speeches so you can just type into Google if you want to see the original full text.
The Chinese Agriculture Opportunity for Tech Companies
I went down a mini rabbit hole when trying to answer the question — how sexy really is the China agriculture + tech opportunity, you know, the one Pinduoduo has now defined as its company mission, and an area that Alibaba and JD have been spending time in for years. I guess my point is, no, all this agriculture stuff is not a matter of businesses responding to recent government initiatives. That's a mistaken assumption. Click through for more.
Last week on our Weekly Discord Chat, I was asked about the e-commerce tax, to which I had no ready answer. So here's my attempt to answer that. But basically, there is no separate tax for ecommerce, and it is less about the ability to collect, as it is about the willingness to collect. Prediction: probably no great movement in this area, but something will have to be done about the rampant ecommerce fraud.
Last week on our Weekly Discord Chat, I was asked about the e-commerce tax, to which I had no ready answer. So here's my attempt to answer that. But basically, there is no separate tax for ecommerce, and it is less about the ability to collect, as it is about the willingness to collect. Prediction: probably no great movement in this area, but something will have to be done about the rampant ecommerce fraud.
Questions & Asks
Jezz wants to know, does anyone know why Tuya’s stock price has declined after reporting what seems to be excellent results? #everything-b2b on Discord
Francis is looking for a bilingual tech PR account manager based in Beijing for his company, 11.international, who works with many of the most innovative companies in China. Do you have any referrals for him?
Other Chatter
There were a lot of excellent comments and links shared on Discord this week, here are just a few …
Hugo shared that Kingsoft Cloud just announced in their earnings call that they have entered into framework agreement with Bytedance's Volcano Engine to jointly develop public cloud services (KC to provide IaaS and Bytedance to provide PaaS/SaaS) which spurred off an entire conversation you should check out in the #ecommerce-social-video Discord channel
Hugo also shared about Shanghai’s plans for becoming a global financial center
Chandler shared this link on how “robbing the rich” is not part of China’s plan for common prosperity
In case you missed it, James shared a great tip for using QCC (Qichacha) for looking up ownership of Chinese companies. It typically requires a China-based IP address, but if you use the WeChat mini program, it doesn’t matter where you are. Problem solved!
That’s it! Please check the forums for amazing contributions from our members!
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