In the world of ICT, silos and protectionism held sway for much of the 20th century. Things changed in the 1970s when market liberalization and internet-based technology launched a new era of openness and competition that fueled growth and benefited millions of people.
Recently, Li Guoqing, founder of Chinese e-commerce platform Dangdang, released a video questioning Luckin Coffee's purchase of nearly half of the available Hambella coffee beans.
The persistent war of anti-monopoly has been fueling up as ByteDance’s Douyin on Feb. 2 announced to sue tech giant Tencent for restricting users to share Douyin content on WeChat and QQ.
With the development of the Internet, Chinese youngsters can now enjoy convenient life services simply by installing several applications on their smartphones, such as renting apartments with housing platforms like Ziroom and riding with ride-hailing apps like Didi.