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China's Tech Companies Are Going Global – and Remaking China's Image in the Process – The Diplomat

Chinese start-ups are no longer content to focus on the domestic audience, but are targeting global reach from day one. ....

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'Clean Network' in the US-China Tech Race – The Diplomat

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Trans-Pacific View author Mercy Kuo regularly engages subject-matter experts, policy practitioners, and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This conversation with James Andrew Lewis, senior vice president and director of the Strategic Technologies Program at the Center for Strategic and International Studies, is the 261st in “The Trans-Pacific View Insight Series.”
Assess the effectiveness of the Clean Network and 5G Clean Path in the Trump era.
The Clean Network Initiative identified a major problem – the Chinese government uses any technological opportunity for espionage and surveillance – but it was never really implementable. It lacked a regulatory or legal basis, so it is best seen as aspirational. No one in their right mind should use a Chinese cloud service or undersea cables – it’s like inviting the Ministry of State Security or the PLA [People’s Liberation Army] to listen in � ....

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The Global Reach of China's Venture Capital – The Diplomat

Diplomat Risk Intelligence,
The Diplomat’s consulting and analysis division. Learn more here
In this July 20, 2018, file photo, a deliveryman stands near a mural displaying Chinese yuan and other world currency symbols on the outside of a bank in Beijing.
Credit: AP Photo/Mark Schiefelbein
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Over the past few months, the Chinese government has made critical efforts to quash its $12.9 trillion shadow banking system and slowly break up its most influential business conglomerates. Last Wednesday, the China Banking and Insurance Regulatory Commission made public a notice ensuring that companies would become regulated on a trial ranking system. This regulation comes on the back of the last-minute block of Ant Group’s planned November IPO – set to be the largest IPO in world history – and Alibaba co-founder and tech giant Jack Ma’s subsequent unexplained disappearance from public life. The Chinese government is clearly encouraging the consolida ....

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Should Australia Buy Papua New Guinea's Largest Telecom Firm? – The Diplomat

January 12, 2021
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Within Australia, the national security community is abuzz with the prospect of the sale of Papua New Guinea’s largest telecommunications company, Digicel. The Australian government is currently under significant lobbying pressure to provide support to private bidders for the sale of the company. Digicel, led by Denis O’Brien, has reportedly been courted by bidders from mainland China.
As a result, there is a scramble to buy the company underway. Digicel is demanding US$2 billion, according to the Australian Financial Review. This would value the company higher than massive telecommunications companies in Australia. Assessment by the AFR shows that the asking price is hard to justify, and the Australian government is clearly being asked to pay a geopolitical premium for the institution. ....

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