1、INFORMATION TECHNOLOGY then limit access to the Chinese market of foreign firms while supporting domestic firms with a panoply of support, including grants, tax breaks, favorable lending deals, discriminator government procurement, and other tools; and finally, support “going out” to gain global mar
2、ket share outside of China. The unfair takeover of the Chinese market by Chinese Internet firms is a done deal. There is likely little American Internet firms can do to gain significant market access there, even if China INFORMATION TECHNOLOGY “Infographic: Amazons Biggest Acquisitions” (CB Insights
3、, June 19, 2019), 9. Tingyi Chen, “2019 Social Media Report” (WalktheChat, April 6, 2020), 10. Ibid. 11. Ibid. 12. Jon Russell, “Chinas Tencent takes on the App Store with launch of mini programs for WeChat,” Tech Crunch, January 9, 2017, 13. Natalie Lui, “WeChat Mini Programs: The Complete Guide fo
4、r Business,” Dragon Social, June 19, 2020, Cision PR Newswire, “Tencent Announces 2019 Fourth Quarter and Annual Results,” news release, March 18, 2020, results-301026024.html. 14. CIW Team, “WeChat statistical highlights 2020; mini program DAU 300m,” China Internet Watch, March 18, 2020, 15. Song J
5、ingli, “The MAUs of WeChat, Alipay, and Baidus mini programs now add up to more than 1 billion,” KrAsia, June 20, 2019, https:/kr- programs-now-add-up-to-more-than-1-billion. 16. Katharina Buchholz, “Chinas Most Popular Digital Payment Services,” Statista, March 19, 2019, 17. “The one trillion USD e
6、Commerce market which keeps growing,” d-local, ecommerce-market/. 18. “The financial worlds nervous system is being rewired,” The Economist, May 7, 2020, being-rewired. INFORMATION TECHNOLOGY Eileen Yu, “Alibaba takes more cloud products global, eyes APAC growth,” ZDNet, August 15, 2018, apac-growth